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Attorneys Monitor Shareholder Stock Drop Lawsuits Amid IPO Setbacks

December 5th, 2023 at 2:18 PM
Lawyers anticipate a surge in shareholder lawsuits following a series of setbacks in the US IPO market.
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FINRA Suspends Former LPL Advisor for Signing on Partner's Behalf

December 4th, 2023 at 1:31 PM
In a recent message underscoring the significance of ethical conduct, the Financial Industry Regulatory Authority (FINRA) has imposed a one-month suspension on a former LPL Financial advisor.
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SEC Investigation into JPMorgan's Advisory Account Aggregation

December 1st, 2023 at 11:58 AM
The Securities and Exchange Commission (SEC) has launched two investigations that may affect the interests of advisors and clients of JPMorgan Chase & Co.
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FINRA Reveals Baird's $500K Shortfall in Mutual Fund Rebates to Clients

November 30th, 2023 at 1:36 PM
Robert W. Baird & Co. has reached a settlement with the Financial Industry Regulatory Authority (FINRA) wherein they accepted a censure and committed to reimbursing more than $500,000 to clients who were overcharged for their mutual fund investments.
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Arbitration Mandated for Former Morgan Stanley Advisors' Class Claim on Deferred Compensation

November 28th, 2023 at 1:10 PM
A federal judge in Manhattan has granted Morgan Stanley’s request to transfer a potential class action lawsuit to arbitration.
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Ä¢¹½´«Ã½lls Fargo Under SEC Scrutiny for Cash Sweep Programs

November 28th, 2023 at 9:47 AM
The Securities and Exchange Commission (SEC) is investigating Ä¢¹½´«Ã½lls Fargo & Company over cash sweep options provided to investment advisory clients.
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FINRA Alleges $2 Million in Client Losses and $2 Million in Commissions Due to Advisor's Churning

November 22nd, 2023 at 12:08 PM
According to a Financial Industry Regulatory Authority (FINRA) complaint, Stewart "Paxton" Ginn excessively traded accounts over two and a half years, resulting in $2.22 million in losses and $2.24 million in commissions for him and his firm.
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SEC Charges Former Advisor with $2 Million Fraudulent Scheme

November 21st, 2023 at 1:56 PM
The Securities and Exchange Commission (SEC) has announced the filing of charges against an investment adviser based in Santa Maria, California.
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The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

November 20th, 2023 at 11:40 AM
Millions of Americans are experiencing disruption in their retirement planning due to rising interest rates and inflation.
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SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

November 17th, 2023 at 2:15 PM
The Securities and Exchange Commission (SEC) has filed charges against John Hughes, who served as the president and chief compliance officer of registered investment adviser Prophecy Asset Management LP.
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LATEST NEWS AND ARTICLES

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Federal Judge Allows Investor Class Action Over Lightstone REIT Disclosures to Proceed

A federal judge has allowed investors to proceed with a class-action lawsuit alleging that directors and advisors of three Lightstone Value Plus REITs failed to disclose a significant conflict of interest before shareholders voted on amendments extending the funds' operating periods.

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Cash sweep litigation continues to increase legal costs for wealth management firms despite the Securities and Exchange Commission's (SEC) decision under the Trump administration to close pending investigations without imposing enforcement penalties, according to AdvisorHub.

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FINRA Orders Centaurus Financial to Pay $1.1 Million Over Variable Annuity Supervision Failures

The Financial Industry Regulatory Authority (FINRA) has ordered Centaurus Financial Inc.