FINRA Smacks 18 Firms, Workers Tied to Private Placements
FINRA said Tuesday that it sanctioned eight firms and 10 individuals and ordered restitution of more than $3.2 million for sales of private placements, including some issued by Provident Royalties and Medical Capital Holdings.
Top 10 Financial Scams: Products and Practices
Advisors and investors beware: Economic uncertainty and volatile stock markets breed con artists itching to trap the unwary or merely desperate.
Securities America Agrees to Settlement in Massachusetts
Securities America, Inc., charged last year with improper sales of Medical Capital Notes in Massachusetts, has agreed to make full restitution to 63 Bay State investors, Secretary of the Commonwealth William Galvin said Monday.
Securities America, Ameriprise Said to Be Near Settlement With Plaintiffs
The IBD tells its reps it is making “good progress” toward settlement over private placement securities.
Why Regulators Should Take a Closer Look at Risks of Private Placement Securities
Securities America's troubles--and other broker-dealers--point to the need for regulatory action, and more due diligence on the seller's part.
Rejection of Securities America Settlement Has Wide-Ranging Implications
State securities regulators hail judge’s decision as protecting investors’ interests, but trouble looms for the broker-dealer, and perhaps for other BDs.
Judge Rejects Securities America Class Action Settlement in Big Blow to BD
Provident, Medical Capital ruling has wider implications for broker-dealer industry.
Securities America and Rep to Pay Over $1 Million in FINRA Fraud Case
A FINRA panel has resolved a dispute against Securities America Inc., Randall Ray Talbott and the now-defunct Medical Capital Holdings with an award of more than $1 million.
Montana Sues Securities America for 'Misleading' Investors
Montana's Securities Commissioner has filed a legal action against broker-dealer Securities America, the Ameriprise Financial subsidiary.
Securities America Sued for 'Misleading' Investors
Private placement notes in default; firm alleged to have withheld 'material information.'