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Ä¢¹½´«Ã½ Blog

Morgan Stanley Terminates Veteran Financial Advisor Over Real Estate Deal

May 22nd, 2025 at 4:14 PM
Morgan Stanley has terminated advisor Erich A. Canseco, a 17-year industry veteran whose Houston-based team managed $1 billion in assets and earned recognition on Forbes’ 2024 Best-In-State rankings.
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Wave of ERISA Class Actions Challenges 401(k) Plan Practices

May 21st, 2025 at 4:11 PM
A surge in class action lawsuits under the Employee Retirement Income Security Act (ERISA) is forcing employers to reevaluate how they manage workplace retirement plans.
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IRS Clarifies Theft Loss Deductions for Scam Victims Amid Rising Fraud Risks

May 20th, 2025 at 4:10 PM
The IRS has issued new guidance clarifying when victims of financial scams can claim theft loss deductions on their taxes. According to Financial Planning, the guidance offers much-needed direction amid increasingly sophisticated fraud schemes targeting consumers.
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The Lower Barriers and Higher Risks of Private Market Investing

May 19th, 2025 at 3:41 PM
Investing in private companies is becoming more accessible—but whether that is a good thing remains up for debate.
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Founder of AML Bitcoin Convicted in $5 Million Cryptocurrency Fraud Scheme

May 16th, 2025 at 1:36 PM
A California federal jury has convicted Rowland Marcus Andrade, the founder of AML Bitcoin, on charges of wire fraud and money laundering.
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FINRA Suspends Former Raymond James Broker Over Unauthorized Trades in Elderly Client's Account

May 15th, 2025 at 2:05 PM
FINRA has suspended a former Raymond James advisor for three months and ordered him to pay over $23,000 in fines and disgorgement for executing unauthorized trades in an elderly client’s account.
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SEC Charges Crypto Promoter in $198 Million Fraud Scheme

May 14th, 2025 at 11:46 AM
The Securities and Exchange Commission (“SEC”) has charged Ramil Palafox for orchestrating a massive securities fraud scheme through his now-defunct company, PGI Global (Praetorian Group International Corporation).
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Merrill's Investment Solutions Chief Outlines Growing Role for Alternatives in Client Portfolios

May 13th, 2025 at 2:02 PM
At Merrill and Bank of America Private Bank, alternative investments have become a core focus of portfolio construction, according to Financial Planning.
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FINRA Clarifies Proposed Changes to Outside Activities Rule

May 12th, 2025 at 2:15 PM
FINRA released a statement this week addressing misconceptions surrounding its proposed updates to the rules governing outside business activities by associated persons of broker-dealers.
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FINRA Suspends Former Ä¢¹½´«Ã½lls Fargo Advisor Over Unauthorized Transfer in Elderly Client's Account

May 9th, 2025 at 1:36 PM
FINRA has fined and suspended former Ä¢¹½´«Ã½lls Fargo financial advisor Jarrett Thomas after he executed a $50,000 transaction for an elderly client despite being informed that she was no longer capable of managing her finances.
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TESTIMONIALS

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Ä¢¹½´«Ã½ just wanted to say thanks for your work in helping us get back some of the money we lost. Ä¢¹½´«Ã½ are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. Ä¢¹½´«Ã½ really appreciate the work you did.

Allan and Adele

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