ROBERT GIST CRD# 716088 was permanently barred by FINRA for allegedly misappropriating millions dollars from 30 of his customers. This occurred, according to the FINRA report, from 2003 through 2011. Robert A. Gist, Atlanta, GA, allegedly told his clients that he would invest his clients' financial investments in securities positions. Instead of investing the money, […]

In an effort to protect senior citizens from money swindles, financial regulators have released a new guide for teaching seniors how to detect financial scams and avoid being exploited in a recent article from LifeHealthPRO. Investor Protection Trust (IPT) reported the findings of a recent survey of doctors and nurses and elder financial fraud. The […]

John Thomas Financial CEO, Anastasios “Tommy” Belesis, has been under the scrutiny of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority Inc. (FINRA) over the past few months. Now he is in danger of losing his office on 14 Wall Street, where John Thomas occupies the entire 23rd floor, according to […]

Municipal bonds (also known as "munis") are beginning to look tempting — but investors who buy munis in a hurry can sometimes hand over their first year’s worth of income to their broker, writes Jason Zweig in a recent article for Wall Street Journal. However, with a few simple steps, you can control your risk […]

The SEC, Securities and Exchange Commission, and FINRA, the Financial Industry Regulatory Authority Inc. warned investors yesterday that e-mail spam designed to dupe investors into “pump-and-dump” stock offerings is increasing. "Pump-and-dump" is defined as "an illegal practice in which investors attempt to artificially inflate the price of a stock by disseminating inaccurate or misleading information. […]

FINRA, the Financial Industry Regulatory Authority, will soon publish the latest in a series of warnings to investors, this time about the risks of alternative securities. Richard Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority, told Reuters reporters and editors attending Reuters Global Wealth Management Summit that low interest rates and worries […]

FINRA, the Financial Industry Regulatory Authority announced that it fined two firms $2.15 million and ordered the firms to pay more than $3 million in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds. Floating-rate bank loan funds are mutual funds that generally invest in a portfolio of secured senior […]

A Tenant in Common, also known as a "TIC," is described as a way for two or more persons to own property together. Tenants in common may own equal or unequal shares of the property, and there are no rights of survivorship. When one of the co-owners dies, his or her share of the property […]

In a June 4, 2013, article from the Navajo-Hopi Observer, it was reported that the Hopi Tribe is suing Wachovia Bank Companies and two of its financial advisors for nearly $190 million in losses and penalties for what the tribe claims is investment fraud. The tribe claims that Wachovia Bank financial advisors, David Boling and […]