FINRA’s Sanctions Drop in 2013
The Financial Industry Regulatory Authority's (FINRA) 2013 fines and disciplinary actions are short of the 2012 totals. During the first [...]
FINRA Awards $11 Million to Investor
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered a former employee of Merrill Lynch, Deutsche Bank, and Oppenheimer & [...]
Crystallex International Corporation (“CRYXF”)
Crystallex has commenced a proceeding under chapter 15 of the United States Bankruptcy Code in the United States Bankruptcy Court [...]
LPL Financial Ordered to Pay $2 mill Over Sales of Non-Traded REITs
On Feb. 6th., 2013, LPL Financial, LLC, was ordered by Massachusetts Security Division to pay restitution of more than $2 [...]
FINRA Backtracks on Plan to End 5% Markup Rule. Investors Check Your Order Tickets.
In a FINRA NTM 13-07 posted last Thursday on its website, FINRA asked for comment on an updated proposal that [...]
What You Should Consider Before Investing in Tenant-In-Common (TIC) Investments
There are many real estate investors attracted to Tenant-In-Common (TICs) for the purported tax savings through the like kind exchange [...]
Tenant-in-Common (TIC)
Tenant in Common (TIC) investments, or 1031 exchanges, are a form of real estate ownership in which multiple investors own [...]
FINRA Wants to Change Public Arbitrator Qualifications
The Financial Industry Regulatory Authority Inc., also known as FINRA, is proposing to tighten its definition of “public” arbitrator. FINRA [...]
FINRA to Focus on BDCs and Leveraged ETFs in 2013
The Financial Industry Regulatory Authority Inc. (FINRA) released its 2013 regulatory and examination priorities letter. The annual letter alerts the [...]
Complaint Filed Against Florida Rep for Misappropriation of Funds Against Elderly
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” Kenneth Andrew Mauchin (CRD #2366345, [...]
FINRA Awards Investor $1.3mill From Sale of ETF’s by Wells Fargo
Moshar v. Wells Fargo, FINRA ID # 11-00556 (Los Angeles, CA, 1/9/2013) A couple was recently awarded $1,333,300 in compensatory [...]
Miami Rep Barred by FINRA
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.” John Boyd Dexter (CRD #1354376, [...]
Did You Invest With Beverly Hills Broker Bambi Holzer?
Soeide Law Group is currently investigating broker, Bambi I. Holzer, CRD #1088028. Ms. Holzer is currently a registered representative with [...]
FINRA Fines Total Over $68 Million in 2012
FINRA, the Financial Industry Regulatory Authority levied a total of $68 million in civil fines during 2012, according to statistics [...]
LPL Sued over Nontraded REIT Sales by Massachusetts
Massachusetts securities regulators sued LPL Financial, LLC, in December over sales practices of brokers regarding the REITs. Secretary of the [...]
FINRA Statistics Regarding Disciplinary Actions
The following are statistics compiled by FINRA, the Financial Industry Regulatory Authority, posted recently to their website. The statistics show [...]
David L. Rothman Charged with FRAUD on Elderly Clients
On the SEC's (Securities and Exchange Commission) website, it was announced they filed an injunctive action in the United States [...]
Boynton Beach, FL, Rep Barred by FINRA
The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2012.” Ellen Joyce Erenstein (CRD #3244253, [...]
FINRA Improves ‘BrokerCheck’ Capabilities
FINRA, the Financial Industry Regulatory Authority announced that it has added features to BrokerCheck to help users more easily access [...]
Cease-and-Desist Order Filed by FINRA Against WR Rice Financial Services and Owner Joel Wilson
FINRA, the Financial Industry Regulatory Authority, filed a Temporary Cease-and-Desist Order (TCDO) on November 5th., 2012, halting further fraudulent sales [...]