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Ä¢¹½´«Ã½ Blog

Pennsylvania Financial Advisor Terminated Following Lawsuit

September 6th, 2023 at 3:42 PM
LPL Financial has terminated John A. Dougherty following his being sued for allegedly over-leveraging an investor's account using a $5 million securities-based loan and assisting him in an external investment.
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Ä¢¹½´«Ã½lls Fargo Resolves SEC Dispute Over Advisory Fees

September 5th, 2023 at 1:18 PM
The Securities and Exchange Commission (SEC) announced charges against Ä¢¹½´«Ã½lls Fargo Clearing Services LLC and Ä¢¹½´«Ã½lls Fargo Advisors Financial Network LLC (collectively, “Ä¢¹½´«Ã½lls Fargo”).
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Class-Action Lawsuit Filed Against Schwab and TD Ameritrade

September 1st, 2023 at 2:13 PM
Charles Schwab and TD Ameritrade face a lawsuit for a data breach connected to the ongoing cyberattack targeting the MOVEit file-transfer software.
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Investment Advisors Brace for Influx of New Rules and Regulatory Changes

August 31st, 2023 at 1:08 PM
The Securities and Exchange Commission's (SEC) announcement in May 2021 about enforcing a landmark marketing rule, approved by the agency the previous December, caused a considerable stir among investment advisers.
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Ä¢¹½´«Ã½ighing the Upsides and Downsides of Alternative Investments

August 30th, 2023 at 1:09 PM
In its 2023 Financial Advisor Survey, iCapital surveyed 400 U.S. registered financial professionals. Those professionals, who either use or are considering using alternatives within the coming year, are exploring ways to diversify beyond traditional 60/40 portfolios.
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SEC Accuses Investment Fund of Engaging in Deceptive Practices

August 29th, 2023 at 4:13 PM
The Securities and Exchange Commission (SEC) has brought settled charges against Summitcrest Capital Inc. and its principals, Johnny Tseng and Kevin Zhang, alleging that they engaged in an offering fraud via their real estate investment fund, SC Development Fund LLC.
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SEC Takes Action Against Advisor for Operating with Revoked Registration

August 28th, 2023 at 1:12 PM
The Securities and Exchange Commission (SEC) has barred an investment adviser representative from conducting business.
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Goldman Launches Initiative to Address Gaps Following Fed Oversight

August 24th, 2023 at 11:27 AM
Goldman Sachs Group Inc. is experiencing a hiring spree due to a new wave of regulatory scrutiny in the US.
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Damage Claims Exceed $24 Million for Stifel Advisor's Note Strategy

August 23rd, 2023 at 1:15 PM
Complaints against an advisor from Miami-based Stifel Nicolaus & Co. are increasing due to a structured note strategy, and additional million-dollar claims have been added to the ongoing concerns.
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FINRA Announces Enhancements to Advisor Expungement Process

August 22nd, 2023 at 1:43 PM
The Financial Industry Regulatory Authority (FINRA) has adopted several reforms to tighten the expungement process and has set an implementation date of October 16.
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