by Broker Fraud | Jan 28, 2022 | FINRA Arbitration, Securities Litigation
FINRA Fines Aegis Capital $2.8M for Failure to Supervise Potentially Excessive Trading Brokerage firms that are members of the Financial Industry Regulatory Authority (FINRA) need to have supervisory systems in place that are reasonable designed to meet compliance...
by Broker Fraud | Oct 21, 2021 | FINRA Arbitration, Securities Litigation
The Financial Industry Regulatory Authority’s Investor Education Foundation teamed up with the University of Minnesota and the Better Business Bureau’s (BBB) Institute for Marketplace Trust to study why some consumers are more vulnerable to financial...
by Broker Fraud | May 26, 2021 | FINRA Arbitration, Securities Fraud
Transamerica Financial Advisors, Inc. to Pay $8.8 Million FINRA Sanction for Supervisory Violations On December 21, 2021, the Financial Industry Regulatory Authority (FINRA) announced that Transamerica Financial Advisors, Inc. (TFA) had agreed to pay an $8.8 million...
by Broker Fraud | Oct 31, 2020 | FINRA Arbitration, Securities Fraud
Concorde Investment Services in Livonia Proposes to Settle FINRA Allegations of Failure to Supervise a Registered Representative A Livonia, Michigan, Financial Industry Regulatory Authority (FINRA) member, Concorde Investment Services, LLC, submitted a Letter of...
by Broker Fraud | Aug 26, 2020 | FINRA Arbitration, Securities Fraud
Morgan Stanley Fined by FINRA for Failing to Supervise a Registered Representative There are some investments that because of their upfront sales charges are only advantageous to investors if they are held for a long-term. On August 12, 2020, the U.S. Financial...
by Broker Fraud | May 22, 2020 | FINRA Arbitration, Securities Fraud
Securities markets need broad public confidence in their integrity to function correctly. Without confidence in the markets, trading securities would entail an unacceptably high level of risk with untold consequences. Because most of the world’s investors believe that...