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June 24, 2020
Comments Off on SG Americas to Pay $3.1 Million to Settle SEC charges
Blog, Securities Fraud
SEC Reportedly Sanctions SG Americas for Deficient Blue Sheet Data According to a press announcement on June 24, 2020, the Securities and Exchange Commission settled charges against broker-dealer SG Americas Securities LLC for allegedly failing to provide complete and accurate securities trading information known as
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June 23, 2020
Comments Off on Whistleblower Awarded $700,000 for Providing Assistance to the SEC
Blog, Securities Fraud
SEC Awards Almost $700,000 to Whistleblower According to a press announcement on June 19, 2020, the Securities and Exchange Commission announced an award of close to $700,000 to a whistleblower for information that led the regulator to return money to harmed investors. The whistleblower contacted the SEC after
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June 19, 2020
Comments Off on FINRA Revises Rules, Raises Fees for Expungement
Blog, Securities Fraud
FINRA Revises Rules, Raises Fees for Expungement Expungement Costs for Financial Advisors is going up. According to reports this week, the Securities and Exchange Commission has approved FINRA’s rule proposal that would establish a minimum fee of several thousand dollars for broker requests to clear their records of
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June 15, 2020
Comments Off on Financial Advisor Frederick Stow Reportedly Charged with Defrauding Senior Veteran
Blog, Current Investigations, Securities Fraud
Broker Frederick Stow, Raymond James in Franklin, Tennessee The SEC alleges Frederick Stow Stole close to $1 Million from two Seniors According to a press announcement on June 12, 2020, the U.S. Securities and Exchange Commission is reportedly charging broker Frederick Stow of Franklin, Tennessee with allegedly
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June 11, 2020
Comments Off on SagePoint Financial Censured & Fined $300,000
Blog, Securities Fraud
SagePoint to pay $1.3 Million in Restitution for Supervisory Issues related to early UIT rollovers According to the Financial Industry Regulatory Authority (FINRA) today, SagePoint Financial (CRD #133763, Phoenix, AZ) was censured and fined $300,000 and ordered to pay restitution to customers in the amount of
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June 10, 2020
Comments Off on Investor Margin Trading on the Rise
Blog, Securities Fraud
Broker-Dealers seeing Renewed Interest in Customer Loans due to Market Rebound and Low Interest Rates According to news reports this week, financial organizations are seeing an upward trend in margin loans with wealth management customers, despite significant losses that some may have suffered earlier this year. An
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June 10, 2020
Comments Off on Financial Advisor Dee Dee Brooks Reportedly Barred from Securities Industry
Blog, Current Investigations, Securities Fraud
Broker Dee Dee Brooks, Signator Investors in Huntington Beach, CA Signator Investors Advisor Reportedly Barred after Allegations of FIP & Woodbridge Recommendations According to disclosures on the Financial Industry Regulatory Authority (FINRA) website on June 9, the regulator has reportedly barred financial
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June 5, 2020
Comments Off on SEC’s Whistleblower Program Reaches $500 Million in Total Awards
Blog, Securities Fraud
SEC awards $50 million to one individual this week, its largest award to date. According to a press release on June 4, 2020, the Securities and Exchange Commission (SEC) announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which
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June 5, 2020
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Blog, Current Investigations, Securities Fraud
Hartman Short Term Income Properties XX, Update on Merger Agreement Are you concerned about your investment in Hartman Short Term Income Properties XX? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm
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June 2, 2020
Comments Off on James Schwartz, Financial Advisor Investigation
Blog, Current Investigations, Securities Fraud
Financial Advisor Jim Schwartz, Aegis Capital Corp. in Melville, NY James Schwartz Reportedly Barred after Allegations of Churning & Excessive Trading According to public records on the Financial Industry Regulatory Authority (FINRA) website, the regulator reportedly barred James Schwartz (Jim Schwartz) after he
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