Chet Taylor, former general counsel for Feltl & Co., of Minneapolis, has sued Feltl & Co. for damaging his reputation through a public statement last month which Feltl had said without specifically naming Taylor, that its former attorney, had been replaced along with three others because of stock-trading infractions from 2008 to 2012. These infractions […]

Feltl & Co., based in Minneapolis, paid a $1 million fine for alleged supervisory failures, among other things, while overseeing penny stock, and it has now replaced several executives, including it's general counsel, chief compliance officer, head trader, and a branch manager. FINRA reported that Feltl also failed to comply with customer-suitability, disclosure, and record-keeping […]

On September 2, 2014, the Financial Industry Regulatory Authority (FINRA), fined Feltl & Company of Minneapolis $1 million for failing to properly supervise its penny-stock business between 2008 - 2012. FINRA reports that Feltl & Company failed to inform their clients ahead of certain penny-stock transactions about the suitability and risks. Also FINRA claims they […]