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.
WFP Securities Latest Broker-Dealer to Close
Latest company to shutter in MedCap, Provident case.
Ameriprise to Pay $150 Million to Settle Securities America Charges
Settlement still needs court approval, claimants’ buy-in; no wrongdoing admitted by Securities America.
Judge Rejects Securities America Class Action Settlement in Big Blow to BD
Provident, Medical Capital ruling has wider implications for broker-dealer industry.
FINRA Expels Broker/Dealer Charged With Ponzi Scheme
Enforcement chief announces plans to leave SRO as well in unrelated development