The Practice: Regulatory/legal issues
-
September 12, 2018Citigroup Fined $100K Over Class A Share SalesThe firm allegedly failed to let eligible clients purchase mutual funds with sales charge waivers.No Comments
-
September 12, 2018How DOL Rule’s Death was a Massive Win for Investment FirmsAn academic study concludes investment companies won “tremendous gains” when Trump’s administration killed the Obama-era rule.No Comments
-
September 12, 2018Finra Makes First Cryptocurrency-Related ChargeRegulator charges broker with fraud and unlawful distribution of a cryptocurrency security.No Comments
-
September 11, 2018Ex-JPMorgan Broker BarredBroker allegedly failed to report to Finra several liens and judgments.No Comments
-
September 11, 2018SEC Bars Former Raymond James Branch ManagerRep was allegedly part of a fraudulent ski resort visa scheme.No Comments
-
September 10, 2018This Could Be a Litigation "Tsunami" Against AdvisorsIf there’s a downturn, watch out for the ensuing reverse-churning lawsuits.Last Comment: September 13, 2018
5 Comments -
September 10, 2018Former Wells Fargo Rep SuspendedAdvisor allegedly made unsuitable recommendations and then coached elderly customer to make false statements.Last Comment: September 10, 2018
1 Comment -
September 10, 2018Whistleblowers Get $54 Million Award from SECThe SEC says it awarded $39 million to one whistleblower and $15 million to another.No Comments
-
September 7, 2018B-D Agrees to Pay Clients $1.37M Over Self-Reported Sales Charge Waiver FailuresFirm allegedly failed to apply waivers for close to eight years for eligible accounts.Last Comment: September 11, 2018
1 Comment -
September 7, 2018Senate Confirms Republican SEC NomineeThe addition of Elad Roisman is likely to help SEC Chairman Jay Clayton push forward his agenda.No Comments
