TALLAHASSEE, Fla. – On The Florida Office of Financial Regulation's website it was announced, July 21, 2011, that The Florida Office of Financial Regulation (OFR) issued a final order on May 26, 2011, against investment adviser James Paul Birmingham (“Birmingham”) (CRD # 222511) and his Broward County companies Birmingham Investments and Birmingham Capital Advisors, LLC for […]

In a June 20, 2011, article from Bloomberg News, it was reported that Massachusetts' top securities regulator is suing RBC Capital Markets LLC and one of its former registered representatives over the sale of leveraged exchange-traded funds, saying they sold them to clients who didn't understand how the investments worked. The Massachusetts Secretary of the […]

In a July, 2011, article by Liz Skinner for InvestmentNews.com, she writes that Wedbush Securities Inc. was ordered to pay a former municipal sales trader Stephen Kelleher $3.5 million for failing to give him years worth of incentive-based compensation he was owed. A three-person Financial Industry Regulatory Authority Inc. (FINRA) panel found the firm's “morally […]

In a July 8, 2011, article by Dan Jamieson for InvestmentNews.com he writes that clients of a prominent Bank of America Merrill Lynch have won an $880,000 arbitration award against the firm. Phil Scott of the firm's Bellevue, Wash., office, was this year ranked No. 30 on the Barron's list of top advisers, with $1.8 […]