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July 19, 2019
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Blog, Current Investigations
56 Settlements with Member Firms & $89 Million in Restitution According to a press announcement on Wednesday, the Financial Industry Regulatory Authority (FINRA) has reached settlements with 56 member firms and obtained a total of $89 million in restitution for nearly 110,000 charitable and retirement accounts as
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May 9, 2019
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Blog, Securities Fraud
Janney Montgomery Scott Sanctioned for Supervisory Failures with Mutual Fund Charges According to the Massachusetts Securities Division, Janney Montgomery Scott is facing an administrative complaint for alleged failures in supervising its former broker’s sales of mutual funds. The firm allegedly failed to supervise
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January 25, 2019
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Blog, Securities Fraud
FINRA warns about online platforms and other issues affecting investors The Financial Industry Regulatory Authority (FINRA) is a not-for-profit organization authorized by Congress to protect America’s investors by making sure the broker-dealer industry operates fairly and honestly. In FINRA’s most recent annual
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August 30, 2018
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Blog, Securities Fraud
Financial Advisor Misconduct – new study says 1 in 10 advisors has severe misconduct records. According Financial IQ a recent study, ’The Market for Financial Advisor Misconduct,’ to be published in the Journal of Political Economy, says that one in ten advisors has severe misconduct records and that may be
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March 23, 2018
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Blog
What is FINRA? FINRA stands for Financial Industry Regulatory Authority. FINRA is private corporation that acts as a self-regulatory organization. FINRA provides regulatory services to the financial industry, without the need of taxpayer funding and is not a part of the U.S. Government. FINRA’s entire existence is
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November 1, 2017
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Blog
Regulatory Functions of the SEC and FINRA Obviously, the securities arena has rules and guidelines to follow. Have you ever asked yourself who regulates brokerage firms and the securities industry? Who writes the laws dealing with securities? Who actually punishes violators of the rules and guidelines? Many of these
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July 10, 2017
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Blog, Current Investigations, Securities Fraud
FINRA June 2017 Disciplinary Report According to the Financial Industry Regulatory Authority, Clay E. Hoffman (CRD #4371162, Brunswick, Georgia) was barred from association with any FINRA member in all capacities. The sanction is based on findings that Hoffman failed to respond to FINRA’s information requests in
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July 10, 2017
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Blog, Current Investigations, Securities Fraud
FINRA June 2017 Disciplinary Report According to FINRA, Gregg Templeton (CRD #2412775, New York, New York) submitted an AWC in which he was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Gregg Templeton consented to the sanction and to the entry of findings
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June 8, 2017
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Securities Fraud
The SEC’s Office of Investor Education and Advocacy recently issued an Investor Bulletin to identify when a senior has been a victim of investment fraud. Identify whether it is investment fraud. -High pressure sales tactics; – Guaranteed returns or promises of high returns with little or no risk; -Repeated
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January 23, 2017
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Blog, Securities Fraud
According to reports, more than half of all households use a financial planner. Unfortunately broker misconduct is prevalent. How can you tell if your broker has a fraud record? Broker Misconduct Close to 7 percent of advisors have been disciplined for a fraud dispute or some form of misconduct, according to a
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