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SEC Charges Son and Father-in-Law Who Targeted Church Members in $20 Million Fraud

May 8th, 2023 at 1:22 PM
The Securities and Exchange Commission (SEC) has charged Brett Bartlett and his father-in-law, Scott Miller, along with their companies over fraudulent securities offerings that generated nearly $20.5 million. 
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BREIT Limits Redemption Requests for Sixth Consecutive Month

May 5th, 2023 at 1:25 PM
Blackstone Real Estate Income Trust Inc. has announced that the company limited redemption requests again last month raising concerns among some investors and industry participants. 
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Stifel Fined $2.5 Million After Advisor Charged Excessive Fees to Seniors and a Church

May 4th, 2023 at 1:24 PM
Massachusetts’ top securities regulator, William Galvin, has ordered Stifel, Nicolaus & Co. to pay $2.5 million for failing to supervise an advisor’s questionable trades, which charged excessive and unauthorized fees to several senior clients, nonprofits, and a church.
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Former Cetera Advisor Wins $500,000 Arbitration Award Over Failed M&A Deal

May 3rd, 2023 at 1:13 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded nearly $500,000 to a former Cetera Financial Group advisor, Betsy Jo Merritt, after an agreement to sell her branch fell through.
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Raymond James and Two Financial Advisors Win $16.4 Million Arbitration Award Against Deutsche Bank

May 2nd, 2023 at 2:01 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Deutsche Bank to pay $16.4 million to Raymond James and two financial advisors in a dispute regarding fees.
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Top-Ranked UBS Advisor in Las Vegas Wins Expungement With Help From Client

May 1st, 2023 at 1:29 PM
A top-ranked Las Vegas-based UBS financial advisor has prevailed in his expungement hearing with the help of the customer who initially had filed the complaint. 
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Prudential Improperly Collected Life Insurance Premiums and Informed Claimants They Ä¢¹½´«Ã½re Ineligible

April 28th, 2023 at 12:44 PM
The Department of Labor (DOL) has agreed to a settlement with Prudential after the insurer improperly collected life insurance premiums from customers and subsequently denied coverage claiming ineligibility.
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SEC Releases Final Reg BI Staff Bulletin Addressing Duty of Care

April 27th, 2023 at 1:45 PM
The Securities and Exchange Commission (SEC) recently published a final staff bulletin on Regulation Best Interest (Reg BI), this time highlighting the “duty of care”, with the goal of definitively outlining financial advisors’ ethical responsibilities. 
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These Two State Regulators Serve as Financial Markets’ Primary First Responders

April 26th, 2023 at 1:35 PM
Two state securities regulators frequently stand out as “First Responders.”
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SEC Charges Betterment For Misstatements Regarding Tax Loss Harvesting Service

April 25th, 2023 at 1:20 PM
The Securities and Exchange Commission (SEC) has charged Betterment LLC for material misstatements and omissions regarding its automated tax loss harvesting services (TLH). 
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