Law and legal issues

The former RIA and fund advisor was cited for multiple fiduciary violations in a day-trading scheme, pocketing profitable trades from a pooled account while burdening clients with the losses.

The firm failed to promptly liquidate his $3 million brokerage account, the client's lawyer argued during the hearing.

The first-ever case of its kind is putting other broker-dealers on notice about the regulator's enhanced abilities to identify patterns of abuse.

The SEC's allegations against David Paterson were tied to a proposal to build the largest movie studio in North America.

The regulator has filed a complaint against whistleblower Johnny Burris, who has filed multiple cases against one of its largest member firms, JPMorgan.

U.S. attorneys have opened criminal inquiries to look into both potential corporate and individual wrongdoing, according to a person familiar with the Justice Department investigation.

The Swiss firm alerted brokers that they may take their disputes to FINRA instead of resolving them in a private forum set up by the company.

The case is the latest related to alleged misconduct by a barred wirehouse broker who was also a nightclub owner.

The adviser was also ordered to pay $300,000 to cover Wells Fargo's legal fees.

Client claimed that adviser's recommended strategy earned fees and commissions for the bank but wrecked his inheritance from his great grandfather.

George Merhoff poured his clients' portfolios into a handful of energy stocks that plummeted in value, ex-clients allege in arbitration cases.

The adviser allegedly placed more than 700 trades over three years, giving the client "little to no possibility" for a profit, the regulator says.

Luis Aguilar also weighs in on arbitration and SEC oversight of FINRA.

FINRA arbitrators hit the brokerage giants with the penalty for failing to catch a husband moving funds from his spouse's account.

FINRA cracks down after $1.3M theft from 89-year-old client.

A federal court in Texas, which has sided against the DoL in recent cases, is scheduled to hear arguments later this year on whether department overstepped its bounds with new rule.

The 81-year-old widower also won an additional $12,000 for his elderly friend in a FINRA arbitration proceeding.

Edmond Walters is seen as bringing deep fintech expertise to rebranded company.

The adviser claimed she was unjustly fired from First Citizens Bank for allegedly making unauthorized bonus payments to her two sales assistants totaling $9,000.

Firm relaunches as Aretec – Cetera spelled backward; new owners are undisclosed.