Law and legal issues

The former Oppenheimer client was allowed to invest in a new fund started by Carter Worth, a well-respected technical analyst who the client believed “walked on water,” his lawyer claimed.

Former San Diego Chargers guard Kris Dielman says the independent broker dealer failed to supervise his former advisor.

A FINRA arbitration claim followed an asset freeze and the launch of a federal investigation into the fired advisor’s RIA.

The lawsuit follows a complaint by the SEC alleging that five men and three companies defrauded more than 600 investors.

Can an RIA take the first bite of the apple when it comes to a dually registered rep’s brokerage commissions?

Brian McIntyre said the regulator mostly sought to terminate older workers in a September wave of firings after FINRA lost a regulatory contract with the New York Stock Exchange in 2016.

Her fresh criticism comes after FINRA barred her former Morgan Stanley branch manager this week.

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.

The client, who was the co-founder of the HSN, suffered from dementia and was declared legally incompetent, according to a FINRA letter of acceptance, waiver and consent.

One JPMorgan client thought it was “odd and weird” that the advisor called during the Memorial Day holiday, on behalf of Merrill Lynch.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Cory Redding couldn't retire after the 2014 season and played another year to recoup some of his losses.

One of the arbitrators on the three-member panel should have been disqualified, according to the petition.

Before agreeing to settle a client’s complaint, advisors should look for this key clause in the contract.

Robert Dekas claimed the firm breached its fiduciary duty by executing trades in unsuitable investments, says the regulator.

Critics say the SEC isn’t living up to promises made when Jay Clayton became chairman.

A client's alleged complaint sparked a dispute between the wirehouse and its former advisors.

Ex-employee charges that African-Americans are denied opportunities at the brokerage giant in a climate of institutional discrimination.

Craig Schmell says the firm terminated him because of alcohol and drug addiction issues he had 30 years ago.

The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.