The Securities and Exchange Commission (“SEC”) announced that it obtained a court ordered “freeze” of the assets of three individuals, including Ash Narayan, formerly of RGT Wealth Advisors, who, the SEC alleges, siphoned millions of dollars from the accounts he managed at RGT for professional athletes and others while he was the manager of RGT Wealth Advisor’s Orange County, California office. [...]

FINRA CEO Rick Ketchum just delivered what will undoubtedly be his swan song to the industry (he will likely step down later this year). [...]

President Obama recently signed into law the Defend Trade Secrets Act (“DTSA”) of 2016, which gives holders of trade secrets a new and powerful option to bring trade secret lawsuits under federal law. [...]

FINRA has recently filed proposed rule changes that provide much-needed clarification to how arbitration awards resulting in both sides paying money should be handled. [...]

Earlier this month, we blogged about a recent $34 million arbitration award entered against Morgan Stanley and its former representative, Ami Forte, for engaging in unauthorized trading and churning brokerage accounts belonging to Roy M. Speer. [...]

The U.S. Department of Labor has at last issued the final version of its highly-debated “Fiduciary Rule”. The full text of the Rule, available at the Department of Labor’s website [...]

Shustak Reynolds & Partners, P.C., a San Diego based law firm focused in the areas of financial and securities law, is investigating potential claims of current and former clients of RGT Wealth Advisors involving investments that were recommended by former RGT Wealth Advisors Stanley Sangwon Bae and Ash Narayan [...]

On Monday, District Court Judge William J. Martini of the Third Circuit declined to certify a class action brought by a group of […]

A California FINRA arbitration panel ordered Morgan Stanley, a branch manager and its former superstar broker, Ami Forte, to pay $34 million to the estate of Roy M. Speer, one of the co-founders of Home Shopping Network, for churning Mr. Speer’s brokerage accounts. […]

On Friday, the state of California sued Morgan Stanley, accusing the bank of hiding the risks of complex mortgage debt and other securities it sold, causing big losses for California’s public pension funds, including CalPERS and CalSTRS. […]

RGT Wealth Advisors, a division of RGT Capital Management, Ltd., with offices in Irvine, California and Texas, terminated Stanley Sangwon Bae, along with Ash Narayan […]

FINRA, the Financial Industry Regulatory Authority, filed a complaint against VFG Securities, Inc., a small broker-dealer that allegedly generated almost 95% of its annual revenue from selling non-publicly traded REITs and other illiquid investments to its clients. […]

The Securities and Exchange Commission approved last week a new rule proposed by FINRA, the Financial Industry Regulatory Authority, which requires brokers departing one broker dealer for another, to send “educational information” to clients about their move to another firm and the financial compensation and incentives they will receive from the new firm for making the move. […]

RGT Wealth Advisors, a division of RGT Capital Management, Ltd., with offices in Irvine, California and Texas, terminated Ash Narayan, one of its advisors working out of the Irvine, California office February 17, 2016. […]

Calling all financial advisors – time to grab your compasses and brush up on your map-reading skills. […]

An Austin,Texas attorney was sentenced to 17 years in Federal prison for harboring and concealing a client who was a fugitive in Mexico […]

It is every registered person’s nightmare. You receive a letter from a FINRA office notifying you that you are the subject of a FINRA investigation. […]

In late February, the Financial Industry Regulatory Authority (FINRA) approved a new rule designed to help investors understand the transaction costs associated with certain fixed-income and debt securities. […]

The U.S. Justice Department announced last week that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related to […]

Clients who invested more than $12 million into a hedge fund that promoted itself as a safe investment based on a proprietary […]