Sonenshine & Company LLC (CRD #104357, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that for three years, it failed to establish, [...]
The SEC recently released an “investor alert” with the goal of helping “investors be better aware of fraudulent investment schemes that may involve social media.” The SEC acknowledges in the alert that social media has become an important tool for the investing public to accumulate information about all facets of investing. Investors are increasingly looking [...]
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 [...]
Have you suffered losses due to your investment with Martin T. Wegener (Marty Wegener) and/or his entities Wealth Resources, Inc. and Wealth Resources, LLC? If you have, The White Law Group may be able to help you recover some of your losses through a Financial Industry Regulatory Authority (FINRA) dispute resolution claim. In June of [...]
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 [...]
According to a recent investmentnews.com article the Financial Industry Regulatory Authority (FINRA) “is warning firms about the use of designations implying special expertise in working with older investors.” FINRA performed a survey in 2011 about the use of “senior designations.” They surveyed 157 firms that varied in terms of “size, location, product mix and business [...]