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Vania May Bell has admitted to helping her father run a scheme that started in the late 1990s and ended in 2018.
April 13
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David Hu apologized to the firm’s investors and clients, as well as his wife and two children, before being sentenced.
April 12
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UBS brokers rack up expungements of Puerto Rico complaints
April 7
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Denise Badgerow won her long legal fight, while a Pennsylvania RIA and the Massachusetts securities regulator are currently weighing their options after decisions.
April 6
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Financial advisor Jay Womack won a rare rebuke with a punitive payout after a messy split with his former business partner.
April 5
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Senior brokers delegated to make compensation decisions systematically favor white men, according to a new lawsuit.
March 21
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Affluent investors who have maxed out their retirement plan contributions hold target date funds in taxable brokerage accounts.
March 17
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The latest legal fight between the firms over departing brokers raises questions about the effectiveness of the Broker Protocol.
March 14
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Federal authorities say Raymond A. Erker ran a Ponzi scheme that defrauded 54 people, but he maintained he did nothing wrong while on the stand.
March 10
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Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”
March 10
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He says the industry has become much more diverse and supportive, but there’s still a long way to go.
March 9
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The SEC says Marguerite Cassandra Toroian waited to allocate stock purchases to herself, her family or clients once she knew if the purchases were winners or losers.
March 8
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Joseph Orazio DeGregorio convinced his victims to invest in promissory notes and companies that never even existed.
March 7 -
A judge’s decision puts new pressure on the brokerage industry watchdog and the SEC.
March 3
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The firm and a former rep recommended a course of actions that helped the wirehouse and hurt the customer, according to the FINRA arbitration case.
March 2
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The grandsons lost a bid to force Beverley Schottenstein to negotiate a FINRA award in her favor.
February 28
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A former Chase bank-based financial advisor won the arbitration award as critics say giant brokerages abuse U5 termination disclosures.
February 15
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After two stints as a rep for Charles Schwab, Russell Joseph Mutter started a Ponzi scheme that ran for nearly a decade in his home county.
February 14
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About 20% of FINRA client arbitration awards are unpaid every year, but there are signs that the former First Standard clients could receive some restitution.
February 11
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The firm that helped dozens of practices go independent is using the tactic most often deployed by its previous main rivals.
February 10
