According to the Finanical Regulatory Authority (FINRA) John Aloysius Dougherty entered the securities industry in December 1997. In January 2021, Dougherty became associated with LPL Financial LLC (LPL), a FINRA member firm, as a Financial Advisor. In a Uniform Termination Notice for Securities IndustryRegistration (Form U5) dated August 11, 2023, LPL reported that it terminatedDougherty [...]
by Miriam Rozen November 22, 2023 Edited with comments from Sonn Law Group A federal judge has granted Morgan Stanley’s motion to send to arbitration a putative class action claim that it violates federal law by withholding deferred compensation from brokers who move to other firms. Morgan Stanley “demonstrated” that the advisors agreed in employment [...]
FROM INVESTMENTNEWS.COM The disgraced advisor fleeced more than 400 investors in a fraudulent 'private equity' fund over a 13-year period.February 13, 2024By Leo AlmazoraA former advisor who masterminded a Ponzi scheme (Horizon Private Equity III) that defrauded more than 400 investors across at least 20 states, resulting in losses exceeding $49 million, has been brought [...]
El SEC, el regulador federal de valores e inversiones, da los siguientes consejos:Haga preguntas y compruebe las respuestas. Los estafadores confían en la triste verdad de que muchas personas simplemente no se molestan en investigar antes de invertir. No es suficiente pedirle a un promotor más información o referencias: los estafadores no tienen ningún incentivo [...]
Los asesores financieros están obligados a actuar con diligencia y cuidado en sus recomendaciones. Hay ciertas circunstancias en las que un cliente puede tener motivos para emprender acciones legales contra su asesor financiero: Negligencia o mala conducta: Si un asesor financiero no cumple con su deber de cuidado y actúa de manera negligente o fraudulenta [...]
In a recent development, LPL Financial has found itself in the spotlight, facing significant penalties totaling more than $6 million for various securities violations. The Financial Industry Regulatory Authority (Finra) disclosed that LPL Financial has agreed to pay a fine of $5.5 million alongside restitution of $651,375, with the additional imposition of a censure. Supervision [...]
In the dynamic world of financial investment, Edward Jones stands out for its unwavering commitment to excellence. Recent developments from the firm highlight a strategic focus on enhancing advisor credentials, promising significant benefits for investors and the industry as a whole. A Strategic Investment: Subsidizing Credentials Edward Jones's latest initiative involves subsidizing the costs associated [...]
The full House of Representatives, in a late Wednesday session, passed H.R. 7024, titled the Tax Relief for American Families and Workers Act of 2024, with an overwhelming vote of 357 to 70. This landmark bill incorporates the much-anticipated tax bill with bonus depreciation feature at a full 100%, alongside significant measures such as research [...]
The Securities and Exchange Commission (SEC) has taken action against Citigroup Global Markets, Inc. (CGMI) and Citi International Financial Services, LLC (CIFS) for their failure to adhere to the disclosure requirements under Regulation Best Interest (Reg. BI) and the delivery mandate of Form Client Relationship Summary (Form CRS) during specific periods in 2020 and 2021. [...]
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