Elevation, LLC, a FINRA registered broker-dealer based in Charlotte, North Carolina, recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $10,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it commenced an options business, engaged [...]
Corby Capital Markets, Inc., a FINRA registered broker-dealer based in Boston, Massachusetts recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $100,000 and required to certify to FINRA in writing within 30 days of the issuance of the AWC that it currently has in place systems and procedures [...]
Did you lose money in a promissory note investment sold to you by Alternative Wealth Strategies? If so, The White Law Group may be able to help. FINRA recently announced that Alternative Wealth Strategies was censured and fined $75,000, which includes the disgorgement of $40,000 in commissions, relating to FINRA’s findings that the firm negligently [...]
Institutional Capital Management, Inc., a FINRA registered broker-dealer based in Houston, Texas, recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was fined $65,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that the firm permitted registered persons assigned to [...]
The Securities and Exchange Commission recently announced that it has amended its rules to exclude the value of a person’s home from net worth calculations used to determine whether an individual may invest in certain unregistered securities offerings. The changes were made to conform the SEC’s definition of an “accredited investor” to the requirements of [...]
According to the North American Securities Administrators Association (NASAA) “Exchange–traded funds (ETFs) have grown increasingly popular with retail investors during the last decade.” The fact that retail, everyday investors are more frequently investing in ETF’s is reportedly a concern for securities regulators because “investors may not understand how these complex investment products work or the [...]
The White Law Group is closely monitoring the ability for investment fraud victims of R. Allen Stanford and Stanford Group Co.’s alleged investment scheme to recover their losses resulting from the purchase of Certificate of Deposit (CD) investments. Just days ago, we wrote that the SIPC told Congress in a letter that they continued to [...]
In a recent blog post (http://www.whitesecuritieslaw.com/2011/11/17/recovery-of-stanford-group-investment-losses-through-finra-arbitration/), we gave an update on the potential for recovery for investors who bought fraudulent Certificate of Deposit (CD) investments from R. Allen Stanford’s Stanford Group Co. Our firm is investigating the potential for recovery of investment losses though FINRA arbitration in claims against the financial professionals that sold the [...]
The USA Today recently ran a story in which they gave some tips on diligently selecting a financial advisor and encouraged investors to conduct research and ask questions prior to selecting one. Their article notes that in today’s investment environment where Ponzi Schemes and other frauds are plentiful, there are simple things that investors can [...]
DeWaay Financial Network LLC says they are teetering on the edge of bankruptcy due to a deluge of securities litigation against them. According to the Des Moines Register, the litigation and looming bankruptcy “stem from selling high-risk private placement investments — particularly real estate deals for DBSI Inc., a Delaware company that packaged real estate [...]