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Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

November 3rd, 2023 at 1:15 PM
An advisor who faced FINRA disciplinary action attempted to stop the proceedings in a D.C. federal court.
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Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

November 2nd, 2023 at 11:29 AM
Morgan Stanley Ä¢¹½´«Ã½alth Management has informed its approximately 15,000 advisors that, to maintain their current payout in the upcoming year, many will need to increase their revenue, according to a recent article in AdvisorHub.
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Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

November 1st, 2023 at 1:17 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former Morgan Stanley advisor in Raleigh, North Carolina.
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Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

October 31st, 2023 at 2:16 PM
Jonathan Vincent Glenn, the CEO of Glenn Capital in Greenwich, Connecticut, pleaded guilty to federal securities fraud charges, facing a potential 25-year prison sentence.
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SEC Examination Priorities in 2024

October 30th, 2023 at 2:14 PM
The Securities and Exchange Commission (SEC) has issued its 2024 examination priorities to inform investors and registrants about the focal areas, key risks, and examination topics the division intends to emphasize in the coming year.
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Former Steward Advisors Sue Firm as They Depart for LPL

October 27th, 2023 at 2:29 PM
Experienced brokers have witnessed a significant increase in recruiting offers in recent years. However, a lawsuit filed against Steward Partners Global Advisory last week illustrates the consequences that can arise when these deals, particularly those involving equity, take a negative turn.
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SEC Imposes Fines on Baird and Interactive Brokers in Ongoing Texting Probe

October 26th, 2023 at 11:49 AM
Several Wall Street firms, including prominent brokerages like Interactive Brokers Group Inc. and Robert W. Baird & Co. Inc., have collectively agreed to pay tens ofmillions of dollars in penalties to U.S. regulators due to their employees' use of unmonitored communication channels during work.
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Fidelity Hit with $1.65 Million Fine Over Options Trading Standards

October 25th, 2023 at 11:34 AM
Massachusetts Secretary of the Commonwealth, William F. Galvin, has imposed a $750,000 fine on Fidelity Brokerage Services for their alleged past practice of hasty approval of clients' applications to trade options.
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Exploring Account Fees and Bonuses: Highlights from Cetera and Avantax Ä¢¹½´«Ã½binar

October 24th, 2023 at 1:27 PM
Cetera Financial Holdings senior management hosted an online seminar with Avantax Inc.'s financial advisors to address concerns raised by 3,100 advisors following Cetera's announcement earlier this month that it is acquiring the tax-specialized broker-dealer for $1.2 billion. 
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Goldman's Aggressive Legal Tactics to Enforce Non-Solicitation Agreements Before Creative Planning Sale

October 23rd, 2023 at 1:25 PM
Two former Goldman Sachs Personal Financial Management advisors based in California have filed a lawsuit challenging the enforceability of their employment agreements following their departures.
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