-
December 20, 2010
Comments (0)
Blog, Securities Fraud
According to the Business Record, DeWaay Financial Network LLC of Clive and three other Iowa investment brokers are among 49 firms that have been sued in connection with the bankruptcy of a company accused of running a $485 million Ponzi scheme involving allegedly bogus oil and gas investments. Provident Royalties
Read More »
-
September 30, 2010
Comments (0)
Blog, Securities Fraud
In February 2010, the Financial Industry Regulatory Authority (FINRA) announced that it had fined Penson Financial Services, a Dallas-based securities clearing firm, $450,000 for failing to establish and implement an adequate anti-money laundering (AML) program to detect and trigger reporting of suspicious
Read More »
-
June 11, 2010
Comments (0)
Blog, Securities Fraud
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. The White Law Group has its offices in Chicago, Illinois and Boca Raton, Florida because of the obvious benefits of being located so close to the FINRA Dispute
Read More »
-
September 18, 2009
Comments (0)
Blog, Securities Fraud
FINRA recently announced that Sheila Dawnell Dowling, formerly of Fidelity Brokerage Services, LLC in Keller, Texas, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Dowling consented to the findings that she exercised discretion in a customer’s
Read More »
-
September 17, 2009
Comments (2)
Blog, Securities Fraud
FINRA recently announced that Penson Financial Services, Inc. has been fined $38,000 and ordered to pay $22,663, plus interest, in restitution to customer, and required to revise its written supervisory procedures with respect to TRACE reporting requirements. Without admitting or denying the findings, Penson Financial
Read More »
-
August 18, 2009
Comments (0)
Blog, Securities Fraud
Penson Financial Services, Inc. was recently fined $27,500 by FINRA. Without admitting or denying the findings, Penson Financial Services consented to the entry of findings that it transmitted reports to OATS that contained inaccurate, incomplete or improperly formatted data in that they contained inaccurate account
Read More »
-
August 8, 2009
Comments (0)
Blog, Securities Fraud
As reported in the Dallas Morning News, the Securities and Exchange Commission filed an emergency civil action against a Plano financier, alleging he was misleading clients, providing bogus statements and misappropriating funds. The suit filed in Dallas federal court targets 2Randall Consulting Group Inc. and Brion
Read More »
