Newsletter Signup

Blog

Search Our Blog

Citigroup Pays $180 Million to Settle Charges Tied to Two Smith Barney Hedge Funds

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Tuesday, August 18, 2015.

Citigroup, Inc. has agreed to pay $180 million to settle charges brought by the SEC which alleged the firm improperly marketed and sold through private bankers […] Read More

Edward Jones Pays $20 Million to Settle Claims it Overcharged Clients on Bonds

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Thursday, August 13, 2015.

Edward Jones, which has over 14,000 brokers and more than 7 million customers, agreed to pay $20 million to settle SEC charges […] Read More

Texas AG in Hot Water for Alleged Securities Fraud

By Katherine S. DiDonato, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, August 7, 2015.

On Monday, Texas Attorney General Ken Paxton surrendered at the Collin County Jail and was charged with two first-degree felonies for securities fraud […] Read More

Goldman Sachs Faces $1.8 Million Fine for Trade Reporting Failures

By Jessica H. Antoniades, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, July 31, 2015.

This week, the Financial Industry Regulatory Authority (FINRA) announced it has fined Goldman Sachs Execution & Clearing, L.P. $1.8 million for violations relating to trade reporting, failing to submit accurate trade reports and related supervisory failures […] Read More

What Do Flip Flops, a Halloween Party and Bad Language Have In Common? One Fired Broker…

By George C. Miller, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, July 24, 2015.

Until July 2015, Marc Lowe was a top-producing financial advisor based in Bank of America Merrill Lynch’s Los Angeles offices. He reportedly was part of a top producing team at Merrill, […] Read More

Major SEC Enforcement Action Shows the Twists and Turns in Challenging the use of Administrative Proceedings

By Jeffrey T. Petersen, Esq.  of Shustak Reynolds & Partners, P.C. posted on Monday, July 20, 2015.

We previously reported here [Hill, 6-19-15 post] on what is currently the only case where an SEC administrative proceeding has been enjoined by a district court on constitutional grounds, […] Read More

Update on Recent Court Rulings In Challenges to SEC Administrative Proceedings

By Jeffrey T. Petersen, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, July 17, 2015.

We previously reported here on the SEC administrative proceeding against New York financier Lynn Tilton and her private equity firm, Patriarch Partners, […] Read More

Senate Proposes Substantial Increases In SEC Fines For Fraudsters

By Erwin J. Shustak, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, July 10, 2015.

The price for being a securities fraudster may be increasing substantially. The U.S. Senate proposed substantial increases in SEC fines, […] Read More

Regulators To Increase Scrutiny Of Barred Brokers With Insurance Licenses

By Dennis A. Stubblefield, Esq.and Paris Novinni of Shustak Reynolds & Partners, P.C. posted on Friday, June 26, 2015.

State regulators are setting their sights on barred securities brokers who continue to sell insurance and other financial products […] Read More

Major SEC Enforcement Action Shows The Twists And Turns In Challenging The Use Of Administrative Proceedings

By Dennis A. Stubblefield, Esq. and Jeffrey T. Petersen, Esq.  of Shustak Reynolds & Partners, P.C. posted on Thursday, June 25, 2015.

In the past two months, an SEC administrative proceeding against a well-known financial figure in New York has demonstrated the legal twists […] Read More