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FINRA Fines and Suspends Ex-UBS Advisor for Trading in Deceased Client's Account

August 28th, 2024 at 10:25 AM
As reported by AdvisorHub, the Financial Industry Regulatory Authority (FINRA) has fined a former UBS advisor Luis E. Nin $5,000 and suspended him for one month after he placed unauthorized trades in a deceased client’s account.
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Oppenheimer Seeks Court Order to Block Former Financial Advisor from Soliciting $65 Million Client Book of Deceased Advisor

August 27th, 2024 at 11:35 AM
Oppenheimer & Co. has filed a lawsuit in federal court to restrain former advisor David Dodson from soliciting a $65 million client book that belonged to a deceased advisor.
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FINRA Bars Former Merrill Lynch Advisor

August 26th, 2024 at 10:39 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 customer.
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Q2 2024 Securities Filings and Settlements: Key Insights

August 23rd, 2024 at 1:50 PM
CRA Insights has prepared its update on Section 10(b) and Section 11 filings and settlements.
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Department of Labor's New Retirement Security Rule: What it Means for Financial Advisors

August 22nd, 2024 at 10:45 AM
The Department of Labor (DOL) unveiled its final Retirement Security Rule, addressing the fiduciary obligations of financial advisors handling retirement-related investments for plan sponsors and individuals.
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Brokerages Face Technical Meltdown Amid Market Turmoil

August 21st, 2024 at 11:42 AM
InvestmentNews recently reported that a severe technical glitch disrupted several major online brokerages as investors scrambled to trade amidst a sharp market downturn.
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SEC Scrutiny Intensifies Over Cash Management in Advisory Accounts

August 20th, 2024 at 11:13 AM
InvestmentNews reports that recent developments have intensified concerns about how broker-dealers manage cash in investment advisory accounts. Morgan Stanley and Ä¢¹½´«Ã½lls Fargo & Co. are currently under scrutiny from the Securities and Exchange Commission (SEC) regarding their handling of client cash balances.
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Raymond James to Pay $50 Million in SEC Settlement Over Off-Channel Communications

August 19th, 2024 at 10:58 AM
Raymond James Financial has reached a "settlement in principle" with the Securities and Exchange Commission (SEC) to pay $50 million, resolving an investigation into the firm's off-channel business communications.
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Starwood REIT Limits Shareholder Redemptions Amid Liquidity Challenges

August 16th, 2024 at 10:18 AM
According to InvestmentNews, Starwood Real Estate Income Trust Inc. (SREIT), has announced a significant reduction in the amount of shares it will repurchase from retail investors, a move aimed at preserving liquidity during challenging market conditions.
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GPB Capital Executives Found Guilty of Securities Fraud

August 15th, 2024 at 10:29 AM
David Gentile, the founder and CEO of GPB Capital Holdings, and Jeffry Schneider, chief of broker-dealer Ascendant Capital, were found guilty on all fraud counts in a federal trial that concluded in Brooklyn.
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