EX LPL BROKER BARRED BY SECURITIES AND EXCHANGE COMMISSION
The SEC recently barred a broker who had been licensed [...]
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WELLS FARGO WINS $1M FROM DISCHARGED BROKER
In yet another loss to a broker litigating an upfront note case by claiming [...]
Read MoreWells Fargo Hit With $185 Million Fine For Widespread Consumer Banking Fraud
A joint investigation and prosecution by the Los Angeles City Attorney, the Consumer Financial Protection Bureau (CFPB) and the Office…
Read MoreMorgan Stanley Pays $2.6 Billion Penalty
The U.S. Justice Department announced last week that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related…
Read MoreFormer JP Morgan Broker Barred from Industry
As one of its final acts of 2015, FINRA barred former JP Morgan representative […]
Read MoreWells Fargo Adviser Charged in $13 Million “Pump and Dump” Scheme
The Securities and Exchange Commission (“SEC”) charged Wells Fargo adviser Donald Toomer with helping a client operate a $13 million…
Read MoreComprehensive Asset Management Agrees to Pay $475K Fine for Annuity Abuse Charges
New Jersey based Comprehensive Asset Management and Servicing, Inc. has agreed to pay FINRA a $475,000 fine to settle allegations…
Read MoreFidelity Hit With $1 Million Fine for Failing to Detect Fraud Against Seniors
This week FINRA hit the retail brokerage arm of Fidelity Investments with a $1 million fine and sanction for failing…
Read MoreHuge Civil Penalty Imposed on Respondent in SEC In-House Proceeding
Laurie Bebo, the former chief executive of Assisted Living Concepts, Inc. was hit with a $4.2 million civil penalty today…
Read MoreEdward Jones Pays $20 Million to Settle Claims it Overcharged Clients on Bonds
Edward Jones, which has over 14,000 brokers and more than 7 million customers, agreed to pay $20 million to settle…
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