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AR Capital, Schorsch and former CFO Brian Block allegedly raked in millions through inflating fees in REIT mergers.
July 22
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After a booking error by an advisor, a client barely avoided being taxed on $500,000 and dodged more than $200,000 in taxes and penalties.
July 19
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The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.
July 11
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Summit Brokerage Services wasn’t feeding the notifications into the transactions blotter while its ownership went into flux, according to the regulator.
July 5
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Clients seeking to recoup some $14 million in damages have received only 12% of their total claims, according to an SEC-appointed receiver.
July 3
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An ex-client accused the firm of misconduct, including disbursing funds to her former spouse from a restricted account without her knowledge or authorization.
July 1
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The penalties come three months after Merrill Lynch settled similar charges.
June 18
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Truliant Federal Credit Union claims that the BB&T-SunTrust post-merger brand represents trademark infringement and unfair competition.
June 17
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The firm agreed to “remove language that formed the basis of the alleged misrepresentations."
June 14
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Listening to a customer service call produced a big surprise. It also showed how firms can take one position to fight complaints in private, but another in public.
June 13
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Recent lawsuits highlight the unpredictable nature of litigation in a post-Broker Protocol world.
June 13
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Tariffs associated with the U.S.-China trade war could cause a bigger than expected adjustment.
June 11
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It was accused of pushing nearly 250,000 unaware customers into delinquency.
June 7
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Activist investors have taken large stakes in at least 100 of the products so far this year.
June 7
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The firm calls the lawsuit's claims "baseless."
June 6
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The decision comes a decade after the collapse of the infamous scheme.
May 16
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Under a FINRA proposal, firms with histories of misconduct would be required to set aside funds for anticipated arbitration awards.
May 6
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The bank allegedly helped French clients evade taxes.
May 2
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The SEC is giving serious side-eye to firms with part-time or underqualified compliance officers.
April 30
Cipperman Compliance Services -
Is there a lesson for other advisors considering a career change?
April 24
