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FINRA Penalizes Advisor for Falsifying Client Signatures

October 16th, 2024 at 2:44 PM
FINRA has imposed a $7,500 fine and a one-year suspension on Richard Dean Connally.
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SEC Charges First Horizon Advisors for Regulation Best Interest Violations

October 15th, 2024 at 4:09 PM
The Securities and Exchange Commission (SEC) has charged First Horizon Advisors, LLC, a registered broker-dealer, with violating Regulation Best Interest (Reg BI).
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Macquarie Investment Management to Pay $79.8 Million for Overvalued CMOs and Unlawful Cross Trades

October 11th, 2024 at 12:03 PM
The U.S. Securities and Exchange Commission (SEC) has charged Macquarie Investment Management Business Trust (MIMBT) with overvaluing collateralized mortgage obligations (CMOs) and executing unlawful cross-trades that favored certain clients. 
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Merrill Lynch and Harvest Volatility Management Fined $9.3 Million for Exceeding Client Investment Limits

October 10th, 2024 at 3:19 PM
According to SEC.gov, the Securities and Exchange Commission (SEC) has charged Merrill Lynch, Pierce, Fenner & Smith Inc., and Harvest Volatility Management LLC for exceeding clients’ designated investment limits, resulting in higher fees, increased market exposure, and financial losses. 
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Charles Schwab Faces Lawsuit Over Failure to Prevent Elder Fraud in Computer Hack

October 9th, 2024 at 1:26 PM
A new lawsuit claims that Charles Schwab failed to protect an elderly client from a fraudulent scheme that drained her retirement savings.
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Western International Securities Fined Over $1.5 Million for Failing to Detect Churning

October 8th, 2024 at 3:45 PM
Western International Securities, a California broker-dealer, has been ordered to pay over $1.5 million for failing to detect churning in 100 customer accounts.
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SEC Enforcement Chief Gurbir Grewal to Step Down After Leading Major Crackdowns

October 7th, 2024 at 4:08 PM
Gurbir Grewal, Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), is stepping down after playing a central role in major enforcement actions against Wall Street and the cryptocurrency industry.
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SEC Updates Regulation S-P to Enhance Customer Data Protection

October 4th, 2024 at 2:10 PM
The SEC has introduced long-awaited updates to Regulation S-P, originally adopted in 2000, to improve the protection of customer records and information for broker-dealers, investment companies, and RIAs. 
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FINRA Fines Newbridge Securities $125,000 for AML Failures and Unsuitable Recommendations

October 3rd, 2024 at 8:40 AM
Newbridge Securities Corporation has been fined $125,000 and censured by the Financial Industry Regulatory Authority (FINRA) for inadequate anti-money laundering (AML) protocols and for unsuitable recommendations of complex investment products.
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SEC Charges Two South Florida Men for Defrauding Venezuelan-American Investors in $5 Million Scheme

October 2nd, 2024 at 4:30 PM
The Securities and Exchange Commission (SEC) has filed a complaint against two South Florida men, Francisco Javier Malave Hernandez and Ricardo Javier Guerra Farias, for orchestrating a multi-million dollar investment fraud that targeted members of the Venezuelan-American community.
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I just wanted to say thanks again for preparing and executing my case in such a professional manner. It was a pleasure to watch two professionals take such pride in their work, as well as becoming personally in tune with your client (Me). I would personally recommend you and your firm to anyone.

John O.

LATEST NEWS AND ARTICLES

May 13, 2025
Merrill's Investment Solutions Chief Outlines Growing Role for Alternatives in Client Portfolios

At Merrill and Bank of America Private Bank, alternative investments have become a core focus of portfolio construction, according to Financial Planning.

May 12, 2025
FINRA Clarifies Proposed Changes to Outside Activities Rule

FINRA released a statement this week addressing misconceptions surrounding its proposed updates to the rules governing outside business activities by associated persons of broker-dealers.

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.