Borrowing money from a customer is one of the most tightly restricted activities in the securities industry, given the conflicts and supervisory risks it creates.[...]
Broker / Advisor Investigations
Recent regulatory and customer dispute developments involving Patrick Alexander Moriarty (CRD #4764378) have raised concerns about client authorization, supervision and internal compliance controls at major[...]
The Financial Industry Regulatory Authority (FINRA) has sanctioned former LPL Financial broker Kyle Ray Critcher (CRD #7351555) after finding he negligently misrepresented the nature of[...]
Key Takeaways What It Means to Sue a Stockbroker Suing a stockbroker means bringing a legal claim against an individual broker, financial advisor or brokerage[...]
Early redemptions of Unit Investment Trusts can significantly increase investor costs, particularly when proceeds are rolled into new products that carry additional sales charges. A[...]
The Financial Industry Regulatory Authority (FINRA) has taken disciplinary action against David J. Taddeo (CRD #1163829), a former broker associated with LPL Financial. According to[...]
Former Fort Lauderdale, Florida financial advisor Shomari Hearn (CRD# (https://www.google.com/url?q=https://adviserinfo.sec.gov/individual/summary/5026079&sa=D&source=editors&ust=1766341195965711&usg=AOvVaw1SXQzKi7ZQIlWzuhgUeBVR)5026079 (https://www.google.com/url?q=https://adviserinfo.sec.gov/individual/summary/5026079&sa=D&source=editors&ust=1766341195965863&usg=AOvVaw2_ENIkevB5VwKbj36djd0r)) was recently terminated from his former member firm in connection with alleged rule violations.[...]
The Financial Industry Regulatory Authority (FINRA) has issued a Letter of Acceptance, Waiver and Consent (AWC) against Keith M. Dagostino (CRD #2837860), resolving allegations that[...]
The Financial Industry Regulatory Authority (FINRA) has filed a new disciplinary complaint against Spartan Capital Securities, LLC and several members of its supervisory leadership —[...]
RBC Capital Markets broker Paul R. Meyer (CRD #3062534) has agreed to a six-week suspension and a $5,000 fine after the Financial Industry Regulatory Authority[...]