The Practice: Regulatory/legal issues
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May 14, 2019Family of UBS FA Facing Manslaughter Charges in Anguilla Refute Witness ReportsA spokeswoman for the family of Gavin Scott Hapgood denies claims made to the New York Post by an anonymous witness.No Comments
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May 13, 2019Morgan Stanley Bars Ex-FA from Soliciting Her ClientsThe advisor claims the firm's culture is unfavorable to working mothers.Last Comment: May 13, 2019
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May 13, 2019Finra Warns Firms About Anti-Money Laundering ComplianceMember firms must flag transactions they know or suspect to be unlawful if they involve $5,000 or more.No Comments
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May 13, 2019Pershing Ordered to Pay $1.4 Million For Aiding PonziA Finra arbitration panel has ruled that Pershing helped R. Allen Stanford's Ponzi scheme by serving as his custodian and clearing firm.No Comments
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May 13, 2019How Democrats and Republicans Differ on Ways IRS Should Boost Tax CollectionDemocrats decry tax avoidance by the wealthy while Republicans point to gig economy workers.No Comments
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May 10, 2019Morgan Stanley Rep Dodges E*Trade Injunction Against Prospect OutreachThe discount brokerage had previously won two of these types of injunctions.No Comments
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May 10, 2019SEC’s Peirce Claims Reg BI Stronger Than Fiduciary StandardWatchdog Chair Jay Clayton told the Senate the regulator is getting “a lot closer” to rolling it out.No Comments
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May 9, 2019Ex-UBS Client Warned About "Vexatious" Lawsuits Against the WirehouseThe former client is trying to pursue a class action lawsuit against UBS.No Comments
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May 9, 2019Raymond James Loses $1.8 Million Arbitration Over Penny StocksA Finra arbitration panel has ruled in favor of 20 claimants who said they’d been duped by a broker.No Comments
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May 9, 2019Janney Charged Over Supervisory Failures Related to Mutual Fund ChargesThe company allegedly failed to stop one of its brokers from making off with $200,000 in unnecessary commissions.No Comments
