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Ä¢¹½´«Ã½ Blog

Osaic Advisor Fined and Suspended for Submitting False Bank Statements

November 25th, 2024 at 2:13 PM
AdvisorHub recently reported that the Financial Industry Regulatory Authority (FINRA) has imposed a $5,000 fine and a two-month suspension on Kalomira Zangoulos, a former Osaic advisor in Sterling Heights, Michigan.
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B. Riley Sells Employee Ä¢¹½´«Ã½alth Management Group to Stifel

November 22nd, 2024 at 2:11 PM
B. Riley Financial Inc. has announced the sale of part of its employee wealth management division to Stifel Financial Corp. 
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SEC Fines New Jersey Brokerage and RIA Firms $240,000 for Impending Client Reporting

November 21st, 2024 at 1:17 PM
The Securities and Exchange Commission (SEC) has fined Nationwide Planning Associates, a New Jersey-based independent brokerage, and two affiliated registered investment advisory firms, NPA Asset Management and Blue Point Strategic Ä¢¹½´«Ã½alth, $240,000. 
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Hightower Drops Claims Against Former Advisor Amid Non-Compete Dispute

November 20th, 2024 at 3:58 PM
Hightower, a Chicago-based RIA firm, recently dropped its lawsuit against former advisor Lars Knudsen just days before a federal judge in Illinois was set to rule on the firm’s injunction request.
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Osaic Services Fined $250,000 for Supervisory Failures in Options Trading

November 19th, 2024 at 1:39 PM
Osaic Services, formerly SagePoint Financial, recently agreed to pay a $250,000 fine and accept censure for failures in supervising excessive and unsuitable options trading from June 2018 to August 2019.
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Wahed Invest Settles SEC Charges Over Undisclosed Endorsements and Ad Rule Violations

November 18th, 2024 at 3:47 PM
The SEC recently settled charges with Wahed Invest, a faith-based robo-advisor that markets itself to Muslim clients, over violations of the SEC’s marketing rule.
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FINRA Arbitrators Award Former RBC Advisor $9.7 Million in Gender and Age Discrimination Case

November 15th, 2024 at 2:20 PM
FINRA arbitrators recently awarded a former RBC Ä¢¹½´«Ã½alth Management advisor nearly $9.7 million in damages for age and gender discrimination claims. 
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SIFMA Challenges CFP Board

November 14th, 2024 at 10:46 AM
According to InvestmentNews, the Securities Industry and Financial Markets Association (SIFMA) released a whitepaper criticizing the Certified Financial Planner (CFP) Board’s standards enforcement, asserting it operates as a “de facto, privateregulator.” 
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FINRA Bars Fromer Merrill Lynch Advisor Over Relationship with Elderly Client

November 13th, 2024 at 10:23 AM
The Financial Industry Regulatory Authority (FINRA) has barred Imdadur “Gino” Rahman, a former Merrill Lynch advisor for multiple compliance violations involving his relationship with an elderly client.
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Kentucky Advisor Fined and Suspended for Undisclosed Bourbon-Tasting Business

November 12th, 2024 at 2:25 PM
A Kentucky-based financial advisor accepted a $5,000 fine and a two-month suspension for operating a bourbon-tasting business without notifying his employer, Edward Jones, as required by FINRA rules.
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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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