SagePoint Financial has been ordered by the Financial Industry Regulatory Authority (FINRA) to pay over $1,000,000 in restitution to their clients involved in early rollovers of unit investment trusts (UITs). A unit investment trust (UIT) is an investment that offers a fixed portfolio, generally of stocks and bonds, as redeemable units to investors for a […]

The Financial Industry Regulatory Authority Inc. (FINRA) has ordered the broker/dealer, Buckman Buckman & Reid, based in New Jersey, to pay approximately $205,000 in restitution to seven clients for allegedly failing to supervise two of their former registered representatives who recommended excessive and unsuitable trades. Buckman, Buckman, & Reid Ordered To Pay Clients Restitution The […]

FINRA issued the following complaint in May of 2017. Issuance of a disciplinary complaint represents FINRA’s initiation of a formal proceeding in which findings as to the allegations in the complaint have not been made, and does not represent a decision as to any of the allegations contained in the complaint. Because these complaints are […]