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Wealthy retail matriarch Beverley Schottenstein will accept less than the $10 million that FINRA ordered her two grandsons, former JPM brokers, to pay her for mismanaging her money.
April 16 -
Evan Schottenstein, without admitting or denying the findings, agreed to the sanction after FINRA concluded he wasn’t complying with its investigation.
April 14 -
The 37-year veteran advisor’s settlement with FINRA is the latest phase of a two-year saga involving a father-son team at an Indiana practice.
April 6 -
One former rep is responsible for more than 80% of the firm’s sales of the defunct LJM Preservation & Growth Fund.
April 1 -
Anthony Diaz began the sentence immediately after a hearing in which a victim said he should “rot in hell” for the felonies.
March 30 -
Impact investment manager Rachel Robasciotti and other advocates say the private proceedings are harmful to victims and helpful to firms protecting serial harassers.
March 29 -
Rule 11870 permits member firms to use them rather than obtaining an affirmative authorization from the client — in certain situations.
March 26Foreside Financial Group -
In most cases, assume that your "outside business" is not affiliated with your current employer.
March 19Foreside Financial Group -
The veteran FAs’ one complaint blotted their records for seven years.
March 18 -
Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.
March 12