Goldman Sachs Faces $1.8 Million Fine for Trade Reporting Failures
This week, the Financial Industry Regulatory Authority (FINRA) announced it has fined Goldman Sachs Execution & Clearing, L.P. $1.8 million…
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Senate Proposes Substantial Increases In SEC Fines For Fraudsters
The price for being a securities fraudster may be increasing substantially. The U.S. Senate proposed substantial increases in SEC fines,…
Read MoreRegulators To Increase Scrutiny Of Barred Brokers With Insurance Licenses
State regulators are setting their sights on barred securities brokers who continue to sell insurance and other financial products […]
Read MoreFidelity Ordered to Pay $350,000 Fine for Overcharging Customers
The Financial Industry Regulatory Authority (“FINRA”) recently ordered Fidelity Investments to pay a $350,000 fine after determining the firm overcharged…
Read MoreThey Never Learn – SEC Seeks to Bar Broker Who Stole $2 Million from Trusted Clients
The SEC today announced it was taking steps to bar a former stockbroker and investment adviser who stole $2 million…
Read MoreFINRA Sanctions Berthel Fisher for Compliance Failures
The Financial Industry Regulatory Authority (FINRA) recently fined the independent broker-dealer Berthel Fisher & Co. Financial Services Inc. and one…
Read MoreOwners of Pacific Property Assets/Apartments America Charged With Fraud
The FBI recently indicted Michael Stewart of Phoenix, Arizona, and John Packard, of Long Beach, California, for allegedly operating a…
Read MoreFINRA Fines Citigroup $725,000 for Failure to Disclose Conflicts of Interest
FINRA started the new year off by levying a $725,000.00 fine against Citigroup Global Markets, Inc., for failing to disclose…
Read MoreFINRA Sanctions 8 Firms for Due Diligence Failure in Private Placements
The Financial Industry Regulatory Authority (FINRA), the self-regulated organization responsible for overseeing brokers and broker-dealers, has sanctioned eight firms and…
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