Month: September 2016

Smaller Brokerage Firms Failing to Pay FINRA Arbitration Awards

By George C. Miller — posted in Financial Industry Developments, Securities Arbitration & Litigation on Friday, September 23, 2016.

Arbitration Broker-Dealers FINRA FINRA Arbitration

In a concerning trend, Investment News recently reported that smaller brokerage firms are increasingly walking away [...]

FINRA Orders UBS to Pay Three Investors $750K in Puerto Rico Bond Fraud Arbitration

By Jessica L. Mackaness — posted in Regulatory Enforcement & Investigations, Securities Arbitration & Litigation on Friday, September 16, 2016.

Arbitration FINRA

Awards for damages tied to Puerto Rico’s debt crisis continue to climb this year. FINRA recently announced [...]

Wells Fargo Hit With $185 Million Fine For Widespread Consumer Banking Fraud

By George C. Miller — posted in Regulatory Enforcement & Investigations on Friday, September 9, 2016.

Disciplinary Actions

A joint investigation and prosecution by the Los Angeles City Attorney, the Consumer Financial Protection Bureau (CFPB) and the Office…