FINRA disciplinary action report from August 2015 containing information about brokerage firm misconduct and financial advisor misconduct.
Wells Fargo Fined $500,000 over Structured Products
Aegis Capital Fined $950K for Penny Stock Violations
FINRA BROKER DISCIPLINARY ACTION REPORT: JULY 2015
Each month and again on a quarterly basis, the agency that regulates the financial industry, FINRA (Financial Industry Regulatory Authority), produces a detailed report that runs down all disciplinary actions recently taken against brokerage firms and brokers.
SEC Charges Former Aegis Broker Malcolm Segal With Ponzi Scheme
Check Out Your Financial Professional
Lawyers Who Know FINRA Arbitration
Investors: Has Your Broker Left You "Swimming Naked?"
REITs and the Perils of Investing in Them
Brokerage Fined $10M+ for Failure to Supervise Brokers
Brokerages Create Illusion of Fiduciary Duty Through Savvy Marketing
Misleading advertising prevalent among brokerage firms lulls investors into a false sense of security over their investments. They stop checking up on their accounts and their broker because they trust him or her; they’ve been told that is, along with access to information and expertise, the main reason to invest with him or her.
Non Traditional ETFs Bury Gold Rushing Broker and Customers
Regulators Worried About Senior Investors
In many cases, seniors don’t realize their investment portfolios no longer reflect the risk-tolerances and investment objectives they indicated in their broker-dealer account opening documents. On your account statements, your investor profile may not change. It may still be labeled “Conservative” or “Moderate-risk” while the actual investments or overall allocation of investments you hold are anything but conservative or moderate.
Small Investors, Big Losses
New Hampshire to LPL: Alt Investments Must Be Suitable
Beware Phony Senior-Specific Investment Professionals
The law prohibits the use of senior-specialization designations by any person who lacks certification from an accrediting organization. This law makes clear that using a phony senior-specific designation that falsely implies some financial expertise in the investment needs of our elderly investors is against the law.
Last Year, Energy Stocks Went Bust - Did Your Portfolio Go Bust With Them?
Energy securities once regarded as moderate risk can shift into high or very high risk if the natural resources or benchmarks they’re tied to swing dramatically, as did crude oil prices last year. That means that those oil and gas company stock and bonds your broker recommended or purchased prior to this year may have become unsuitable for you as the fracking boom went bust.
FINRA Disciplinary Action Report: February 2015
Financial Fraud Hurts More Than Just Your Savings
As an important recent report by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation indicates, nearly two-thirds of financial fraud victims experience severe emotional trauma and hardship.
Investor Choice for Financial Dispute Resolution
Thanks to Democratic Representative from Minnesota, Keith Ellison, “The Investor Choice Act” has been introduced to Congress. The act would ensure that mandatory arbitration agreements are prohibited under US securities laws. As investor advocates ourselves, we support your right to choose, once the facts of your dispute have emerged, the venue most advantageous to you.