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Investors Navigate Illiquidity in Venture Funds Through Secondary Deals

March 20th, 2024 at 11:32 AM
The Wall Street Journal reports that the current sluggishness in the venture market has left many investors in venture funds grappling with illiquid portfolios, making it challenging to ascertain their value.
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FINRA's Year-End Enforcement Blitz: LPL Financial and Interactive Brokers Face Major Penalties

March 19th, 2024 at 2:55 PM
The Financial Industry Regulatory Authority Inc. (FINRA) concluded the year with significant penalties against two major firms, LPL Financial and Interactive Brokers.
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SEC Charges Individuals in $1.7 Billion Crypto Pyramid Scheme

March 18th, 2024 at 4:11 PM
The Securities and Exchange Commission (SEC) has filed charges against Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in theHyperFund crypto asset pyramid scheme, which fraudulently raised over $1.7 billion from global investors.
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FINRA Set to End Temporary Remote Inspection Relief with New Rules

March 15th, 2024 at 11:52 AM
The Financial Industry Regulatory Authority (FINRA) announced that it will conclude its temporary relief from in-person inspection requirements, implemented due to the COVID-19 pandemic, on May 31.
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KBS Realty Advisors Fund Faces Uncertainty Amidst Commercial Real Estate Challenges

March 14th, 2024 at 10:46 AM
According to a regulatory filing cited by the Dallas Morning News, KBS Real Estate Investment Trust III has raised concerns about its future viability.
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FINRA Implements Reforms to Arbitrator Selection Process

March 13th, 2024 at 9:34 AM
The Financial Industry Regulatory Authority (“FINRA”) is rolling out reforms to its arbitration forum's panel selection process.
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Morgan Stanley Advisor Barred for Allegedly Embezzling $58,000 from Clients

March 12th, 2024 at 1:09 PM
Chingyuan "Gary" Chang, a former broker and investment adviser at Morgan Stanley, has been permanently barred from the securities industry by the Securities and Exchange Commission (SEC) for purportedly stealing over $58,000 from four customer accounts.
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Citigroup and Ä¢¹½´«Ã½lls Fargo Advisor Charged with Defrauding Clients in Movie Investment Scam

March 11th, 2024 at 1:44 PM
Helen Grace Caldwell, a former Illinois financial advisor with Citigroup and Ä¢¹½´«Ã½lls Fargo, is facing federal wire fraud charges for allegedly cheating three clients out of $1.5 million through a fraudulent movie investment scheme.
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SEC Chair Gensler Addresses AI Challenges and Conflict-of-Interest Proposals

March 8th, 2024 at 10:37 AM
SEC Chair Gary Gensler highlighted the dual nature of artificial intelligence (AI), acknowledging its vast opportunities for humanity while also underscoring its regulatory challenges, particularly concerning conflicts of interest in investing.
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FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

March 7th, 2024 at 1:26 PM
A former Edward Jones advisor, Alexandra P. Bovee (also known as Alexandria Montgomery), has accepted an industry bar rather than cooperate with the FinancialIndustry Regulatory Authority's (FINRA) investigation into her alleged involvement with a cannabis growing company labeled a Ponzi scheme.  
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