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JPMorgan Fined $1.8 Million by Singapore Regulator for Misconduct in Bond Transactions

January 6th, 2025 at 12:11 PM
The Monetary Authority of Singapore (MAS) fined JPMorgan Chase & Co. $1.8 million for failing to prevent and detect misconduct by its relationship managers during 24 over-the-counter (OTC) bond transactions between November 2018 and September 2019.
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Next Level Holdings and Yield Wealth Under Federal and State Investigation

January 3rd, 2025 at 12:06 PM
Federal and state authorities are investigating Next Level Holdings and Yield Wealth, two investment firms accused of offering high-yield financial products now facing significant turmoil, according to the Wall Street Journal. 
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Goldman Sachs Launches First-of-its-Kind Bond Securitization

January 2nd, 2025 at 11:40 AM
Goldman Sachs recently introduced a $475 million asset-backed securitization (ABS) deal backed by capital-call loans, a type of financing Goldman provides to fund managers for immediate capital access.
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Understanding Alternative Investments and Risk Management

December 23rd, 2024 at 3:13 PM
Alternative investments once again are gaining traction, according to a recent article in InvestmentNews. 
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FINRA Sanctions Over 60 Advisors for Continuing Education Violations

December 20th, 2024 at 5:17 PM
FINRA has disciplined 62 advisors for cheating on New York’s continuing education (CE) requirements tied to insurance license renewals. 
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GPB Capital Investors See Progress as Court Confirms Receivership

December 19th, 2024 at 1:08 PM
In a significant development for investors in GPB Capital Holdings, the private equity firm will move into receivership following a prolonged legal battle.
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SEC Fines Cantor Fitzgerald $6.75 Million for Misleading SPAC Investors

December 18th, 2024 at 10:53 AM
The Securities and Exchange Commission (SEC) has charged Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies (SPACs) under its control to make misleading statements to investors before their initial public offerings (IPOs). 
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Former Western Asset Management Co-CIO Charged with Fraud for Cherry-picking Trades

December 17th, 2024 at 10:58 AM
The SEC recently charged Ken Leech, former Co-CIO of Western Asset Management, with fraud. 
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Wells Fargo Advisors Tightens Rules on FiNet Advisors' Outside Investments

December 16th, 2024 at 11:22 AM
Wells Fargo Advisors has introduced a new policy requiring advisors in its Financial Network (FiNet) channel to seek company approval before accepting certain outside investments. 
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Merrill Lynch Advisor Penalized for CFP Exam Misconduct

December 13th, 2024 at 9:15 AM
Jeffrey Dattilo, a former Merrill Lynch advisor, has agreed to regulatory penalties for allegedly providing improper assistance to others taking the Certified Financial Planner (CFP) exam.
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LATEST NEWS AND ARTICLES

May 9, 2025
FINRA Suspends Former Wells Fargo Advisor Over Unauthorized Transfer in Elderly Client's Account

FINRA has fined and suspended former Wells Fargo financial advisor Jarrett Thomas after he executed a $50,000 transaction for an elderly client despite being informed that she was no longer capable of managing her finances.

May 8, 2025
All 50 States Now Aligned on Annuity Sales Standards

The annuity industry officially has secured uniformity in sales regulations across all 50 states.

May 7, 2025
Jury Finds Investment Advisor Liable for Failing to Disclose Annuity Commissions

A federal jury in Massachusetts has found investment adviser Jeffrey Cutter and his firm, Cutter Financial Group, liable for violating federal securities law by failing to disclose significant upfront commissions and conflicts of interest related to an annuity replacement scheme.