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DaRayl Davis spent client funds on a luxury mansion, theater tickets and car rentals, federal prosecutors say.
June 29
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Former San Diego Chargers guard Kris Dielman says the independent broker dealer failed to supervise his former advisor.
June 27
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A FINRA arbitration claim followed an asset freeze and the launch of a federal investigation into the fired advisor’s RIA.
June 27
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The lawsuit follows a complaint by the SEC alleging that five men and three companies defrauded more than 600 investors.
June 27
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Advisors recommended that clients sell positions in complex structured products to rack up fees, says the regulator.
June 26
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The firm agreed to settle and admitted wrongdoing, according to the regulator.
June 20
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Prosecutors are presenting evidence of his training in securities markets to show that he'd likely know the information was purloined.
June 20
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Some of the proceeds went to commission a song with the lyrics: “Pop champagne in L.A., New York to Florida; buy another bottle just to spray it all over ya,” says the SEC.
June 19
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The regulator obtained an emergency asset freeze against the advisor.
June 14
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The advisor told the client that she could pre-pay her advisory account fees at a discount by writing him a $7,400 check, FINRA claimed.
June 14
