FINRA accused Spartan Capital Securities and broker James Pecoraro of operating excessive trading and churning practices that allegedly generated substantial commissions while causing major investor losses.
FINRA has fined J.P. Morgan Securities LLC $3.25 million after finding that the firm failed to reasonably supervise a registered representative who recommended a leveraged, concentrated high-yield investment strategy that resulted in steep customer losses. According to FINRA’s April 2026 Letter of Acceptance, Waiver, and Consent, from at least January 2016 through April 2020, J.P. [...]
The allegations against former broker Jeffrey Thomas Higgins are not just about one advisor’s misconduct. They raise a more important question for investors: How can an alleged misappropriation scheme continue for nearly 17 years within regulated brokerage environments? Higgins, who was associated with Western International Securities and Financial West Group, has been charged by federal [...]
Federal authorities have charged former broker and investment adviser Jeffrey Thomas Higgins in connection with an alleged long-running scheme to misappropriate client funds spanning nearly two decades. According to the U.S. Department of Justice, Higgins is accused of defrauding investors from approximately December 2007 through June 2024 by falsely representing that he was purchasing securities [...]
The steady flow of investor complaints involving financial advisors across major brokerage firms continues to highlight persistent risks tied to suitability, disclosure, and supervision. A review of publicly available records through FINRA BrokerCheck shows that customer disputes are not isolated events. Instead, they often reflect recurring issues across firms, including allegations of unsuitable recommendations, misrepresentation, [...]
As cryptocurrency adoption grows, the risk of crypto custody becomes increasingly significant and often misunderstood. Determining legal responsibility for lost, misappropriated, or inaccessible digital assets is often complex. Unlike traditional brokerage accounts, crypto holdings are often managed through multiple layers, including exchanges, third-party custodians, and intermediaries. This structure can create accountability gaps when issues arise. [...]
As litigation between Kraken and Etana Custody unfolds, a critical legal question is coming into focus: who is responsible when crypto custody breaks down and investor funds are lost or inaccessible? While many investors assume that the platform they used is accountable, the reality is often more complex. The Liability Problem in Crypto Custody Crypto [...]
A series of recent developments across the alternative investment market is raising renewed concerns about liquidity, valuation transparency, and investor risk in non-traded REITs and business development companies (BDCs). Large sponsors including Blue Owl Capital and KKR have faced scrutiny as investors encounter redemption restrictions and capital access delays in private credit and real estate [...]
A new lawsuit filed by cryptocurrency exchange Kraken against Etana Custody is raising serious concerns about the integrity of third-party custodial platforms operating within the digital asset ecosystem.Payward Interactive, Inc. et al v. Etana Custody Limited (Justia Lawsuit Docket) The reports: Kraken alleges that Etana engaged in the misappropriation of client funds and operated in [...]
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