SEC Passes Long Awaited Crowdfunding Rules
SEC Passes Long Awaited Crowdfunding Rules The SEC just approved the long-awaited final crowdfunding rules, paving the way for startups to raise capital from retail investors without some of the...
View ArticleEx-JP Morgan Banker Charged with Stealing $20 Million from Clients
Ex-JP Morgan Banker Charged with Stealing $20 Million from Clients A former JPMorgan Chase & Co. investment adviser was arrested Thursday, November 6 and charged with taking at least $20 million...
View ArticleFINRA to Seek “Significant Fine” From MetLife Over Variable Annuity Sales
FINRA to Seek “Significant Fine” From MetLife Over Variable Annuity Sales MetLife Inc., the largest U.S. life insurer, has reported that the Financial Industry Regulatory Authority (FINRA) plans to...
View ArticleRealty Capital Securities Charged with Fraud in Massachusetts
Realty Capital Securities Charged with Fraud in Massachusetts The state of Massachusetts has charged Realty Capital Securities (RCS) with fraudulently rounding up proxy votes in order to support real...
View ArticleBarclays Bank Fined Another $150 Million in NY Forex Matter
Barclays Bank Fined Another $150 Million in NY Forex Matter Barclays Bank was hit with an additional $150 million fine and forced to fire one of its top traders after further allegations surfaced that...
View ArticleWedbush Securities’ Regulatory Troubles Continue
In the ongoing saga of Wedbush Securities being accused of regulatory violations and customer abuses, FINRA now has fined the Los Angeles brokerage firm $20,000 and has required Wedbush to revise its...
View ArticleBrokerage Firm Sterne Agee Financial Services Fined as a Result of Leveraged...
Brokerage Firm Sterne Agee Financial Services Fined as a Result of Leveraged ETF Sales FINRA has fined Alabama brokerage firm Sterne Agee Financial Services, Inc. $25,000 for failing to properly...
View ArticleFINRA Fines Arkansas Brokerage Firm R.M. Duncan Securities Inc.
FINRA Fines Arkansas Brokerage Firm R.M. Duncan Securities Inc. The Financial Industry Regulatory Authority (FINRA) issued a joint several fine of $90,000 on Little Rock, Arkansas brokerage firm R.M....
View ArticleFormer Allstate Financial Services Stockbroker Barred from Securities Industry
Former Allstate Financial Services Stockbroker Barred from Securities Industry FINRA has barred stockbroker Kenneth Brownlee from working for any FINRA brokerage firm. The former Allstate Financial...
View ArticleLincoln Financial Advisors Fined $150,000 Relating to Hedge Fund Investments
Lincoln Financial Advisors Fined $150,000 Relating to Hedge Fund Investments FINRA has fined Indiana brokerage firm Lincoln Financial Advisors Corporation $150,000. For failing to adequately supervise...
View ArticleNewport Coast Securities Fined by FINRA Relating to Elder Financial Fraud
Newport Coast Securities Fined by FINRA Relating to Elder Financial Fraud FINRA has fined Newport Coast Securities $35,000.00, $5,000.00 of which also is owed by Newport’s compliance manager,...
View ArticleNew Jersey Broker-Dealer Fined $475,000 Over Annuity Allegations
New Jersey Broker-Dealer Fined $475,000 Over Annuity Allegations Comprehensive Asset Management & Servicing Inc. (CAMS) has agreed to pay $475,000 to settle allegations that the firm’s supervisory...
View ArticleJP Morgan Settles SEC & CFTC Probes for $307 Million
JP Morgan Settles SEC & CFTC Probes for $307 Million JPMorgan Securities LLC and JPMorgan Chase Bank have agreed to pay $307 million to settle charges with the Securities & Exchange Commission...
View ArticleThird Avenue Focused Credit Fund Collapse May Create Bond ETF Problems
Third Avenue Focused Credit Fund Collapse May Create Bond ETF Problems Third Avenue Management has frozen redemptions (withdrawals) from its high-yield (junk) bond fund. Some market experts have opined...
View ArticleEnergy Stocks and Oil and Gas Investment Losses
Energy Stocks and Oil and Gas Investment Losses Investments in energy company stocks and high-yield bonds issued by oil and gas companies recently have suffered large losses after oil prices collapsed....
View ArticleMassachusetts Securities Regulators Investigating Third Avenue Junk Bond Fund
Massachusetts Securities Regulators Investigating Third Avenue Junk Bond Fund The Massachusetts Securities Division is investigating Third Avenue Focused Credit Fund. The junk bond fund has frozen fund...
View ArticleSEC Seeking Private Investor Standard Updates
SEC Seeking Private Investor Standard Updates The Securities & Exchange Commission (SEC) has released a staff report outlining potential changes to the criteria used to determine who can...
View ArticlePuerto Rico Defaults on Bond Payment
Puerto Rico Defaults on Bond Payment Puerto Rico defaulted on nearly $174 million of a $1 billion payment that was due on Monday, January 4, 2016, paying higher-ranking creditors at the expense of...
View ArticleSEC Plans to Investigate ETFs
SEC Plans to Investigate ETFs The Securities & Exchange Commission (SEC) announced this week that it plans to look into how exchange-traded funds (ETFs) operate, leading some to believe that new...
View ArticleCrowdfunding Growth Poses Challenges
Crowdfunding Growth Poses Challenges Crowdfunding is a means of raising funds outside of the traditional fundraising platforms of banks and investment banks. Crowdfunding emerged out of the 2012 JOBS...
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