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February 23, 2017
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Current Investigations
Financial Advisor Gopi Vungarala sells $190 million in non-traded REITs and BDCs to Native American Tribe According to FINRA, Purshe Kaplan Sterling Investments will pay close to $3.4 million in restitution to a Native American tribe. The tribe paid excessive sales charges on purchases of non-traded real estate
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February 7, 2017
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Blog
Elderly Investors Win FINRA Arbitration Award from Source Capital Group According to Investment News, Source Capital Group, a Connecticut investment bank must pay $1.25 million for alleged sale of unsuitable securities to elderly investors in a recent FINRA award. Retirees Keith and Joyce McCrea, and William Lashlee,
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June 6, 2011
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Blog, Securities Fraud
National Futures Association (NFA) has revoked the registrations of Jeremy J. Grena, Nabil P. Niman, Nicholas P. Payne, William M. Rill and Alexander M. Silverman, former associated persons (AP) of Pioneer Commodities LLC (Pioneer) and Windsor Wealth Management LLC, firms based in Boca Raton, Florida. A designated
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October 6, 2010
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Blog, Securities Fraud
FINRA recently today that it has ordered SunTrust Investment Services, Inc. of Atlanta, GA, to pay $1.44 million to resolve charges related to unsuitable unit investment trust (UIT), closed-end fund (CEF) and mutual fund transactions. Of that amount, $900,000 is a fine that includes nearly $224,000 in disgorgement of
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September 9, 2010
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Blog, Securities Fraud
FINRA recently issued a regulatory decision wherein William James Murphy was fined $591,933.67 as disgorgement of commissions and barred from association with any FINRA member in any capacity. The sanctions were based on findings that Murphy exercised discretion in clients’ accounts without the customers’ or his
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