Regulatory & Compliance (359)
Illinois Advisor Gets 4+ Years in Jail for Fraud
- Sunday, 03 April 2022
- Regulatory & Compliance
- Written by PFA News
Illinois Advisor Naseem Salamah has been sentenced to four years and four months in federal prison for financial fraud.
Read more...Ex-Wells Fargo FA Suspended for Executing Trades for Dead Client Without Permission
- Sunday, 03 April 2022
- Regulatory & Compliance
- Written by PFA News
A financial advisor that has already been booted by Wells Fargo has been suspended by FINRA for trading in a dead client’s account without permission. So reports Financial Advisor.
Read more...Advisor Says SEC 'Bullying' Her, Vows to Fight Lawsuit
- Friday, 11 March 2022
- Regulatory & Compliance
- Written by PFA News
The SEC has filed a civil suit against financial advisor Cassandra Toroian and her firm, Bell Rock Capital, claiming she defrauded clients. So reports Delaware’s Cape Gazette.
Read more...Banned FA Headed to Jail Over Disability Benefits Scam
- Tuesday, 01 March 2022
- Regulatory & Compliance
- Written by PFA News
Charles E. Severt Jr., 52, of Ohio, was sentenced to two years in jail for crimes related to stealing more than $370,000 and lying to investigators. So reports Dayton Daily News.
Read more...Wells Advisor Stole $2.7M+ from Elderly Eye Doc, Lawsuit Alleges
- Monday, 14 February 2022
- Regulatory & Compliance
- Written by PFA News
Dr. Kenette Sohmer, a 77-year-old eye doctor in New Jersey, says Kenneth Welsh, her Wells Fargo financial advisor, ripped her off to the tune of more than $2.7 million. So reports The New York Post.
Read more...FA Gets 16+ Years in Jail for Defrauding Dad, Other Clients
- Monday, 14 February 2022
- Regulatory & Compliance
- Written by PFA News
North Carolina FA Russell Joseph Mutter has been sentenced to at least 16 years and three months in jail for defrauding clients, including his dad, out of more than $3 million. So reports the Associated Press.
Read more...Smoothie-throwing Broker’s Woes Continue
- Saturday, 12 February 2022
- Regulatory & Compliance
- Written by PFA News
James Iannazzo, the now ex-Merrill broker who gained infamy for a racist smoothie shop tirade, was stripped of CFP credentials. So reports RIABiz.
Read more...Stephens Gets $18.2M Arbitration Win Against Ben Edwards Over Poaching
- Tuesday, 01 February 2022
- Regulatory & Compliance
- Written by PFA News
Stephens, Inc. was awarded nearly $18.2 million in an arbitration claim against Benjamin F. Edwards & Company. So reports Advisor Hub.
Read more...Finra Awards Intellivest $900K In Raiding, Poaching Case
- Thursday, 13 January 2022
- Regulatory & Compliance
- Written by PFA News
Finra has ordered broker-dealer Growth Capital Securities to pay Intellivest Securities more than $900,000. So reports Financial Advisor.
Read more...Ex-Credit Suisse Brokers Rack Up Another Win Against Firm
- Sunday, 02 January 2022
- Regulatory & Compliance
- Written by PFA News
Former brokers at Credit Suisse Securities recently scored another win against their old firm. So reports Investment News.
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