On January 9th., 2014, the Financial Industry Regulatory Authority (FINRA) ordered two St. Louis-based broker/dealers, Stifel, Nicolaus & Company, Incorporated and Century Securities Associates, Inc., to pay fines of $550,000 and $475,000 in restitution to 65 customers in connection with sales of leveraged and inverse exchange traded funds (ETFs). Stifel and Century are affiliates and […]

Soreide Law Group, PLLC, is currently investigating the marketing and sales of non-traditional exchange traded funds (ETFs) to investors. Many of the country's leading banks – including Citigroup, Morgan Stanley, UBS and Wells Fargo – were recently sanctioned by the Financial Industry Regulatory Authority (FINRA) for more than $9.1 million over their failure to supervise […]