:
Updated:
Court Reaffirms Ruling That Morgan Stanley’s Deferred Compensation Plans are ERISA Plans, Denies Morgan Stanley’s Motion to Reconsider
:
Updated:
Investigation of Claims involving Investment Losses in Auto-Callable Notes
:
Updated:
Unpacking the Latest Retention Package: Jenny Kim and Brian Neville Discuss the Unique KKR Deal (Podcast)
:
Updated:
Protecting Your Interests: Barry R. Lax on Deferred Compensation Legal Battles (Podcast)
:
Updated:
UPDATE: The Court Grants Conditional Certification of an FLSA collective of Bank of America Loan Officers in Unpaid Overtime Lawsuit
:
Updated:
Lax & Neville LLP Pursuing Unpaid Deferred Compensation Claims Against Merrill Lynch
:
Updated:
Client Represented by Lax & Neville LLP Wins $2.6MM Award Against E1 Asset Management, Inc., Shaun Joseph Grimaldi, and Ron Yehuda Itin
:
Updated:
New York Southern District Court Confirms Award Against Credit Suisse for Unpaid Deferred Compensation
:
Updated:
Lax & Neville files FLSA overtime collective and class action against Bank of America on behalf of Loan Officers
:
Updated:
Court Compels Morgan Stanley Advisors to Arbitrate for Their Deferred Compensation at FINRA
:
Updated:
Client Represented by Lax & Neville Wins $1.8MM Award Against Morgan Stanley for Unsuitability and Failure to Supervise Investment in WisdomTree (WETF)
:
Updated:
Ex-Merrill Financial Advisor Suspended and Fined for Violating FINRA Rule 2010 When He Took Photographs of Client’s Non-Public Information Before Leaving Firm
:
Updated:
Four More Former Credit Suisse Advisers Represented by Lax & Neville LLP Win FINRA Arbitration Award Against Credit Suisse Securities (USA) LLC in the Deferred Compensation Arbitrations
:
Updated:
Another Former Credit Suisse Adviser Represented by Lax & Neville LLP Wins a FINRA Arbitration Award Against Credit Suisse Securities (USA) LLC in the Deferred Compensation Arbitrations
:
Updated:
CALIFORNIA AND ILLINOIS COURTS CONFIRM $10 MILLION AWARD AND $9.5 MILLION AWARD AGAINST CREDIT SUISSE FOR UNPAID DEFERRED COMPENSATION
:
Updated:
Brokerchalk Podcast – Shocking Revelations Around Merrill’s CTP Program
:
Updated:
Advisor Talk with Frank LaRosa – Legal Perspective Series – Advance Your Financial Advisor Career with Brian Neville
:
Updated:
Advisor Talk with Frank LaRosa – Legal Tips For Financial Advisors Considering a Transition with Brian Neville
:
Updated:
Lax & Neville has Won More Than $30 Million for Former Credit Suisse Advisers Seeking Deferred Compensation in FINRA Arbitrations
:
Updated:
Former Credit Suisse Advisers Win $9.5 Million and $9 Million Awards For Unpaid Deferred Compensation in FINRA Arbitrations
:
Updated:
Brian Neville and Andrew Parish Discuss The Largest Mistake Made by Teams Looking to Transition
:
Updated:
Andrew Parish and Brian Neville Discuss Firm Transitions
:
Updated:
Lax & Neville LLP Wins a FINRA Arbitration Award Granting Expungement Relief to Two Former Merrill Lynch Financial Advisors
:
Updated:
Lax & Neville is Investigating Claims Against Broker-Dealers and Financial Advisors who Sold GPB Capital Investments to Investors
:
Updated:
Amarin – A Highly Risky Speculative Biotech Stock Sold to Investors
:
Updated:
MASSACHUSETTS SUPERIOR COURT CONFIRMS ADVISORS’ $2.094 MILLION ARBITRATION AWARD AGAINST CREDIT SUISSE, INCLUDING INTEREST AND ATTORNEYS’ FEES, FOR ITS UNLAWFUL WITHHOLDING OF DEFERRED COMPENSATION
:
Updated:
Elderly Customer Defrauded by Stifel Broker
:
Updated:
Merrill Lynch and At Least One of its Top Brokers Face Investigation Over Alleged $200 Million Losses Due To Churning After Paying a Record $40 Million Settlement in a FINRA Arbitration
:
Updated:
Merrill, Ledford and Jerzieski Sentenced By Federal Judge in a $396 Million Investment Fraud Ponzi Scheme
:
Updated:
NEW YORK SUPREME COURT CONFIRMS FORMER ADVISERS’ $6.68 MILLION ARBITRATION AWARD, INCLUDING LIQUIDATED DAMAGES, FOR CREDIT SUISSE’S VIOLATION OF THE NEW YORK LABOR LAW WHEN IT WITHHELD DEFERRED COMPENSATION
:
Updated:
FINRA Orders Merrill Lynch to Pay its Customers $7.2 Million in Restitution and Interest For Overcharging of Mutual Fund Fees
:
Updated:
The SEC Charges Morgan Stanley with Misleading Retail Clients In its Retail Wrap Fee Program
:
Updated:
Significant Losses and Risk for Investors in Oil and Gas Investments
:
Updated:
Merrill Lynch, RBC and Two Other Investment Advisory Firms to Return $4.72 Million to Investors for Improper Mutual Fund Fee Practices
:
Updated:
New York Appellate Court Unanimously Affirms Confirmation of Former Adviser’s $1 Million FINRA Arbitration Award Against Credit Suisse
:
Updated:
Investors May Have Legal Claims to Recover Losses from Margin Calls During the COVID-19 Pandemic
:
Updated:
J.P. MORGAN CUTS BONUSES AND TERMINATES BROKERS FOR USING WHATSAPP MESSENGER IN VIOLATION OF FIRM POLICIES; FINRA SUSPENDS AND FINES BROKER FOR USING WHATSAPP MESSENGER IN VIOLATION OF FINRA RULES
:
Updated:
Stock of Chinese Coffee Company Plummets Over 80% in Response to Investigation Into Fraudulently Fabricated Transactions
:
Updated:
REIT’s Plunge from COVID-19 Fallout
:
Updated:
Market Turmoil Prompts Direxion to Change 10 Daily Leveraged ETFs’ Market Exposure from 300% to 200%
:
Updated:
LAX & NEVILLE HAS WON MORE THAN $13 MILLION FOR FORMER CREDIT SUISSE ADVISERS SEEKING DEFERRED COMPENSATION IN FINRA ARBITRATIONS, INCLUDING A RECENT AWARD TO FOUR ADVISERS FOR $2.2 MILLION; CREDIT SUISSE HAS LOST ALL SEVEN ARBITRATIONS TO REACH AWARD
:
Updated:
Former Registered Representative and Investment Adviser Charged by SEC with Defrauding Majority Elderly Clients
:
Updated:
SEC Charges Businessman With Operating a Ponzi-Like Scheme, Obtains TRO and Emergency Asset Freeze
:
Updated:
Two More Former Credit Suisse Advisers Represented by Lax & Neville LLP Win FINRA Award, New York Labor Law Claims Against Credit Suisse
:
Updated:
FINRA Fines Five Broker-Dealer Firms for Failure to Adequately Supervise Wealth Transfers
:
Updated:
SEC Proposes Amendments to the Definition of Accredited Investor That Could Expand Eligibility
:
Updated:
UBS Fined by Hong Kong Securities and Futures Commission for Overcharging Clients
:
Updated:
Janney Montgomery Scott Successfully Obtains Restraining Order Against Former Advisor for Taking Client List
:
Updated:
Lax & Neville achieved a settlement on behalf of a hedge fund managing director after a USDC Judge denied the hedge fund’s motion for summary judgement allowing the managing director’s claims, including for liquidated damages, prejudgment interest, and attorneys’ fees under the NYLL, to proceed
:
Updated:
SEC Charges Stifel, Nicolaus & Co. and BMO Capital Markets Corp. for Failing to Provide Full and Accurate Blue Sheet Data
:
Updated:
FINRA Fines J.P. Morgan for Failing to Report 89 Internal Investigations
:
Updated:
Broker-Dealer Charged with Violating of Gatekeeping Provisions
:
Updated:
Lax & Neville LLP Appointed Special Securities Counsel for Court Appointed Receiver
:
Updated:
TWO MORE FORMER CREDIT SUISSE ADVISERS REPRESENTED BY LAX & NEVILLE LLP WIN FINRA AWARD, NEW YORK LABOR LAW CLAIMS AGAINST CREDIT SUISSE
:
Updated:
NEW YORK SUPREME COURT, COMMERCIAL DIVISION DENIES CREDIT SUISSE’S PETITION TO VACATE $1 MILLION FINRA AWARD FOR UNPAID DEFERRED COMPENSATION
:
Updated:
FINRA Issues New Guidance Easing Broker to Client Contact in the Event of Transition
:
Updated:
BB&T to Return $5 Million to Retail Investors and Pay $500,000 Penalty
:
Updated:
FINRA Bars Merrill Lynch Employee over Expense Reports
:
Updated:
State Street Advisors Announces it is Laying off 1,500 Employees
:
Updated:
Wells Fargo Increases Recruiting Efforts
:
Updated:
ANOTHER FORMER CREDIT SUISSE ADVISER REPRESENTED BY LAX & NEVILLE LLP WINS A FINRA ARBITRATION AWARD AGAINST CREDIT SUISSE SECURITIES (USA) LLC IN THE DEFERRED COMPENSATION ARBITRATIONS
:
Updated:
Former Credit Suisse Adviser Represented By Lax & Neville LLP Wins First FINRA Arbitration Award Against Credit Suisse Securities (USA) LLC in the Deferred Compensation Arbitrations
:
Updated:
J.P. Morgan Settles Churning Claims against broker Trevor Rahn; and then waits Three Months to Terminate Him
:
Updated:
SEC Warns Retail Investors About Risks of Marijuana Related Investments
:
Updated:
JPMorgan Levels Lawsuit at $14B Merrill Team for ‘Bad-Mouthing’
:
Updated:
Santander Leveraged Puerto Rican Bond Funds: More Claims Should be Made
:
Updated:
Georgia Court Weakens Protocol Protection for Brokers
:
Updated:
California Court Rules Credit Suisse Can Arbitrate $300M Class Action Suit
:
Updated:
SEC Charges Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto, and Thomas Brenner in $102 Million Ponzi Scheme
:
Updated:
SEC Charges Steven Pagartanis with $8 Million Ponzi-Like Fraud
:
Updated:
Former Bear Stearns Manager Defrauds Cancer Patient and Others of $3 Million
:
Updated:
$1 Billion Settlement for Wells Fargo Related to Risk Management Claims
:
Updated:
The SEC Orders PNC Investments LLC, Securities America Advisors Inc., and Geneos Wealth Management Inc. to Pay $12 Million to Harmed Clients
:
Updated:
SEC Charges Broker-Dealer Wedbush Securities Inc. in Connection with Employee’s Pump-and-Dump Fraud
:
Updated:
Three Whistleblowers Awarded $83 Million in Connection with Merrill Lynch SEC Fine
:
Updated:
Wells Fargo Wealth Management Division Attracts Scrutiny of Justice Department
:
Updated:
Deutsche Bank to Repay Customers Lied to by Deutsche Bank Employees
:
Updated:
Former Morgan Stanley Broker Seeks to Vacate $2M Arbitration Award Citing Destruction of Evidence
:
Updated:
Allegis Investment Advisors, LLC: Invested Clients Retirement Money into Highly Risky Put Credit Spread “Strategy” Causing Catastrophic Damages
:
Updated:
Morgan Stanley Announces Exit from Protocol for Broker Recruiting
:
Updated:
Lax & Neville is currently investigating the activities of Michael D. Mathias, a broker registered with Summit Brokerage Services, Inc.
:
Updated:
FINRA Orders Wells Fargo to Pay $3.4 Million in Connection with Sales Practice Violations for Volatility Linked Products
:
Updated:
Investment Risks in the Initial Coin Offering Sphere
:
Updated:
SEC Alleges Broker from Los Angeles Based HCR Wealth Advisors Defrauded Clients of $1.2 Million
:
Updated:
Recent Ruling on New York State’s “Shield Law” May Expand Defense for Insider Trading
:
Updated:
FINRA Suspends Wells Fargo Broker for Taking HSBC Client Data
:
Updated:
Merrill Lynch to Halt Conventional Broker Recruiting and Transition into Salary Based Compensation Plan
:
Updated:
US Supreme Court Agrees to Hear Case with Potential to Increase Clawback Actions
:
Updated:
Buyers Beware: Jury Rules Bond Traders Can Lie to their Customers
:
Updated:
SEC Charges Lawson Financial with Gatekeeper Failures in Regards to $85 Million Senior Living Fraud
:
Updated:
Santander Leveraged Puerto Rican Bond Funds: More Claims Should be Made
:
Updated:
Theranos Attempts to Skirt Class Action Suit by Arguing Private Equity Group Investors Lack Standing
:
Updated:
Tech Unicorns Engaging in Stock Buybacks has Some Securities Law Experts Worried
:
Updated:
SEC Issues Cease-and-Desist Proceedings against Morgan Stanley for Improper Sale of Inverse ETFs to Clients
:
Updated:
SEC Goes After Windsor Street Capital for Facilitating Fraudulent Pump and Dump Schemes
:
Updated:
SEC Charges Strategic Capital Management and Michael J. Breton with Defrauding Investors of $1.3 Million Through Cherry Picking Scheme
:
Updated:
Twitter’s Stock Based Compensation Spurs Investor Suits, Possible Employee Suits to Follow
:
Updated:
SEC Charges Founder of Platinum Partners and Two of its Flagship Hedge Fund Advisory Firms with Fraud and Ponzi like Activity
:
Updated:
Lax and Neville LLP Wins FINRA Award of Over $500,000 in Damages and Attorneys’ Fees Against Burnham Securities, Inc. and David Gilio, an Investment Banker
:
Updated:
SEC Institutes Administrative and Cease-And-Desist Proceedings Against EZTD Inc. and Condemns Wider Binary Options Industry
:
Updated:
Houston-Based FMC Technologies Pays Penalties for Accounting Violations
:
Updated:
SEC Issues Cease-and-Desist Proceedings Against Mobile Phone Application Forcerank LLC for “Swap” Trading
:
Updated:
New Department of Labor Fiduciary Rule Has Huge Ramifications for Wealth Management Bonus Structuring
:
Updated:
Casino-Gaming Company Ordered to Pay $500,000 for Violating SEC Whistleblower Protection Provisions
:
Updated:
SEC Institutes Cease-and-Desist Proceedings Against Paul T. Lebel Formerly of LPL Financial LLC for Churning Client Accounts to Gain Commissions
:
Updated:
Unpaid Arbitration Awards: Uninsured and Insufficiently Capitalized Broker Dealers Increasingly Fail to Pay Investor Damages
:
Updated:
SEC Levies $140 Million Fine Against Oil Services Company Weatherford International for Accounting Fraud
:
Updated:
SEC Files Complaint for Injunctive and Other Relief Against Craig V. Sizer and Miguel Mesa For Defrauding Investors Of Approximately $20 Million In Relation to Companies Sanomedics, Inc. and Fun Cool Free, Inc.
:
Updated:
SEC Charges Two Peruvian Traders with Insider Trading In Regards to Information Leaked About Mining Company Merger
:
Updated:
Goldman Sachs vs. Libyan Sovereign Wealth Fund: A Potential Litigation Floodgate
:
Updated:
SEC Orders Ernst & Young, Robert Brehl, Pamela Hartford, and Michael Kamienski to Pay Over $4.4 Million in Penalties Relating To Improper Professional Conduct Between Auditors and Clients
:
Updated:
SEC Files Charges Against Brian Block and Lisa McAlister for Their Role in American Realty Capital Properties, Inc.’s Fraudulent Valuation Scheme
:
Updated:
SEC Charges Former NFL Player and Cavalier Union Investments, LLC with $10 Million Fraud
:
Updated:
FINRA REGULATORY NOTICE INVALIDATES CREDIT SUISSE’S EMPLOYMENT DISPUTE RESOLUTION PROGRAM
:
Updated:
Registered Investment Advisor Sentenced to Nine Years in Prison for Fraudulent Investing
:
Updated:
California Based Financial Adviser Charged with Defrauding Professional Athletes
:
Updated:
Retail Investors Poised to Lose $150 Million from Strategic Return Notes Offered by Merrill Lynch
:
Updated:
FINRA Suspends Former Wells Fargo Investment Adviser for Unsuitable Investments
:
Updated:
SEC Charges Investment Adviser with Fraud for Steering Money to His Own Companies
:
Updated:
SEC Files Order Against Santos, Postal & Co and Joseph A. Scolaro for Filing False Forms ADV-E Relating to SFX and Brian J. Ourand’s Misappropriation of Client Funds
:
Updated:
SEC Charges Servergy, Inc. with Fraud Relating to Fundraising Efforts for Energy Efficient Technology
:
Updated:
Raymond James Seeks to Vacate Adviser’s $450,000 Award
:
Updated:
FINRA Awards $2.05 Million to Broker for Improper Termination from RBS Securities, Inc.
:
Updated:
FINRA Awards Wells Fargo Advisor More Than $1.3 Million in Damages Arising From Promissory Note Dispute
:
Updated:
FINRA Finds Morgan Stanley Misled Advisor About Firm Capabilities in Promissory Note Case
:
Updated:
SEC Orders Sanctions Against Deutsche Bank Research Analyst Who Issued Stock Rating In Opposition To Personal Views
:
Updated:
FINRA Awards $307,000 to Investors in DPPs and REITs with VSR Financial Services, Inc.
:
Updated:
SEC Charges Harman International Industries, Inc. Vice President with Insider Trading
:
Updated:
SEC Files Fraud Charges Against Atlantic Asset Management LLC
:
Updated:
SEC Alleges Pump-and-Dump Scheme Against Jammin’ Java Corp. d/b/a Marley Coffee
:
Updated:
J.P. Morgan Chase Alleged to Have Retaliated Against Broker for Reporting Unlawful Sales Tactics
:
Updated:
Notice to Credit Suisse Brokers That They May Have Claims Against Credit Suisse for Unpaid Deferred Compensation and That They Should Protect Themselves in their Upcoming Transition
:
Updated:
SEC Awards Whistleblower Over $325,000
:
Updated:
Credit Suisse Financial Advisors Should Protect Themselves in their Upcoming Transition
:
Updated:
SEC Orders UBS AG to Pay $19.5 Million Settlement Involving Structured Notes
:
Updated:
FINRA Orders Santander Securities LLC to Pay $6.4 Million for Supervisory Failures in Connection with Sales of Puerto Rican Bonds
:
Updated:
SEC Charges Two Former ContinuityX Solutions Inc. Executives with Fraud and Securities Law Violations
:
Updated:
FINRA Bars and Sanctions Former Global Arena Capital Corp. Registered Representatives
:
Updated:
Lax & Neville LLP Wins A Monetary Award and Expungement Relief for HSBC Securities (USA) Inc.’s Filing of a False Form U-5 In A FINRA Arbitration
:
Updated:
SEC Charges Ross Shapiro, Michael Gramins, and Tyler Peters with Residential Mortgage Backed Securities Fraud
:
Updated:
UBS Loses a $3 Million FINRA Arbitration Award
:
Updated:
FINRA Permanently Bars Former Caldwell International Securities Corp. Broker for Churning Clients’ Accounts and Failing to Disclose Unsatisfied Judgments and Liens
:
Updated:
Eight Individuals Charged In NFL-Related Securities Fraud Scheme
:
Updated:
SEC Charges Purported Investment Adviser With Stealing $2 Million From Investors And Conducting A Ponzi Scheme
:
Updated:
SEC Charges 34 Defendants For The Manipulation Of Microcap Stock Trading
:
Updated:
FINRA Fines Wells Fargo, Raymond James And LPL Financial Over $30 Million For Overcharging Clients In Mutual Fund Sales
:
Updated:
FINRA Suspends And Fines Cambridge Investment Research, Inc. Broker Mark F. Leone For Making Unauthorized Trades In Customer Accounts
:
Updated:
FINRA Fines And Suspends Former Wells Fargo Broker, Jeffrey D. Daggett For Unsuitable Recommendations Of Exchange Traded Notes, Triple-Leveraged ETFs, And Triple Inverse ETFs
:
Updated:
Lax & Neville LLP Wins A $16.6 Million Award In A FINRA Arbitration On Behalf Of Two Retail Investors, Through Ontonimo (OMO) Limited, Against BNP Paribas Securities Corp.
:
Updated:
J.P. Morgan Challenges Its Limited Participation Under The Protocol For Broker Recruiting By Seeking A Preliminary Injunction Against A Six-Broker Team Transitioning To Morgan Stanley
:
Updated:
FINRA Fines E1 Asset Management $25,000 And Suspends Ron Itin and Ahsan Shaikah For Supervisory Failures
:
Updated:
SEC Publishes Its Requests for Industry Comment Regarding Its Regulation of Exchange Traded Products
:
Updated:
Office of Compliance Inspections and Examinations Publishes New Retirement-Targeted Industry Reviews and Examinations Initiative
:
Updated:
FINRA Fines Morgan Stanley Wealth Management $650,000 And Scottrade Inc. $300,000 For Failure To Supervise Wire Transfers
:
Updated:
Gold Coast Holding, LLC Founder Sunil Sharma Pleads Guity to Federal Wire Fraud Charges Stemming From $6 Million Ponzi-Scheme
:
Updated:
FINRA Files Complaint Against Raymond James Broker, John Waszolek, For Allegedly Tricking Alzheimer’s Client Into Naming Him As A Beneficiary In Her Will
:
Updated:
Stifel Financial Corp. Set to Acquire Barclays’s Wealth and Investment Management Americas Business
:
Updated:
United States Supreme Court Rules that Fiduciary’s Continuing Duty to Monitor Investments Made 8-Year ERISA Claim Timely.
:
Updated:
FINRA Files a Complaint Against ARI Financial Services, Inc. and William Brian Candler for Failure to Perform Adequate Due Diligence and Supervise the Sale of Private Placements in the Bridgeport Oaks Fund Private Placement
:
Updated:
FINRA Releases Second Proposed Broker Compensation Rule for Comment
:
Updated:
LPL Financial LLC Violates FINRA Supervision Rules During Its Expansion
:
Updated:
FINRA Panel Awards Ex-Morgan Stanley Employee $500,000 In Promissory Note Dispute
:
Updated:
SEC Charges Veros Partners Alleging $15 Million Ponzi Scheme
:
Updated:
Securities and Exchange Commission Files Complaint Against Former J.P. Morgan Broker in $20 Million Fraud Case
:
Updated:
Certified Financial Planner Board Takes Disciplinary Actions Against 23 Advisors
:
Updated:
SEC Commissioner Announces Increased Regulatory Focus on Complex Securities
:
Updated:
FINRA Fines H. Beck, Inc. $ 425,000 to Settle Sales Practice Violations Regarding Unit Investment Trusts
:
Updated:
Eastern District of Pennsylvania Confirms $48 Million Arbitration Award Against Family Endowment Partners, LP and Lee D. Weiss
:
Updated:
Two Former Brokers Sue UBS For its Management and Sales Practices Related to the Puerto Rico Bond Funds.
:
Updated:
FINRA Bars Broker Anthony “Tony” Warren Thompson and Thompson Securities, LLC for Material Misrepresentations in Connection with the Sale of Private Note Offerings
:
Updated:
SEC Files Fraud Charges Against Patriarch Partners and CEO Lynn Tilton
:
Updated:
World Equity Group, Inc. Pays a $225,000 Fine to Settle Allegations of Supervisory Failures
:
Updated:
H.D. Vest Investment Services Inc. Pays $225,000 Fine to Settle SEC Allegations of Supervisory and Customer Protection Rule Violations
:
Updated:
Citigroup Pays $3 Million Fine for Failing to Deliver ETF Prospectuses
:
Updated:
Recent S.D.N.Y. Decision Awarding Costs Against False Claim Act Relator Will Likely Not Dissuade Future Whistleblowers Bringing Qui Tam Actions
:
Updated:
New Evidence Suggests that UBS Told Brokers to Sell UBS Closed-End Bond Funds or “Go Home, Get a New Job!”
:
Updated:
Regulators Warn Investors of Potential Investment Fraud in Emerging Electronic Cigarette Market
:
Updated:
SEC Publishes 2015 Examination Priorities
:
Updated:
Second Circuit Affirms Important District Court’s Ruling That Payments To Madoff Investors Outside Two Years Of The Petition Date Were Shielded by § 546 (e) of the Bankruptcy Code, Which Warranted Dismissal Under FRCP 12(b)(6)
:
Updated:
Former UBS Registered Representative Wins Expungement of Nine Customer Complaints Related to Lehman Principal Protected Structured Products In FINRA Arbitration (FINRA Arbitration No. 13-01579)
:
Updated:
Sands Brothers Asset Management LLC Faces Second SEC Administrative and Cease-and-Desist Proceeding Over Alleged Violations of the ‘Custody Rule’
:
Updated:
UBS Ordered to Pay $5.2 Million in Penalties Stemming from Puerto Rico Bond Debacle
:
Updated:
SEC Pays ‘Whistleblower’ Award to Corporate Compliance Employee for the First Time in History
:
Updated:
SEC Tightens Regulations of Asset Backed Securities
:
Updated:
FINRA Arbitration Panel Awards Customer $4,500,000 against Morgan Stanley for Negligent Handling of Trust Account
:
Updated:
On July 24, 2014, James Tagliaferri Was Found Guilty By A Jury In Manhattan Federal Court In Connection With His Fraudulent Scheme
:
Updated:
The Securities And Exchange Commission Charges Investor Relations Executive With Insider Trading
:
Updated:
Dudley Franklin Stephens Suspended And Fined For Taking Confidential And Proprietary Client Information When Resigning From HSBC
:
Updated:
Steven Burrill of Burrill & Co. Removed from Control as the General Partner of Capital Venture Fund for Making Unauthorized Payments
:
Updated:
FINRA Panel Orders Former Wells Fargo Broker To Repay Firm Principal Balance Of Promissory Notes
:
Updated:
SEC Charges Paradigm Capital Management and Candace Weir with Conducting Conflicted Transactions and Retaliating against Whistleblower
:
Updated:
The Securities And Exchange Commission Charges Investment Advisor With Defrauding Clients
:
Updated:
Long Island Real Estate Managers, Adam Manson and Brian Callahan, Plead Guilty in $96 Million Ponzi Scheme Case
:
Updated:
FINRA Panel Finds That Former Wells Fargo Broker Is Entitled To Partial Forgiveness On Promissory Note
:
Updated:
SEC Charges American Pension Services Inc. With Defrauding Investors
:
Updated:
Bank of America/Merrill Lynch Wins Discrimination Case Brought By Three Former Female Trainees
:
Updated:
FINRA Sends New Expungement Rule To The Securities And Exchange Commission
:
Updated:
The SEC Provides Investment Advisers With Guidelines Regarding The Use Of Testimonials On Social Media
:
Updated:
FINRA To Fly Arbitrators To Puerto Rico To Administer Puerto Rico Municipal Bond Fund Cases
:
Updated:
Former UBS Broker Edward Dulin Wins Arbitration Against UBS Financial Services, Inc.
:
Updated:
FINRA Hit With Discrimination Lawsuit By Former Manager
:
Updated:
The Importance Of Parties Complying With FINRA Arbitration Discovery Obligations
:
Updated:
FINRA Fines Broker-Dealer Berthel Fisher $775,000 for Sales Practice Abuses Concerning Alternative Investments and ETFs
:
Updated:
Former Merrill Lynch Financial Adviser Sentenced To 10 Years In Prison For Operating A $2.7 Million Ponzi Scheme
:
Updated:
FINRA Seeks To Widen Investor Use of BrokerCheck
:
Updated:
Former Morgan Stanley Employee, Vincent Romano, Wins $525,000 FINRA Arbitration Award And Expungement Of His Form U-5
:
Updated:
FINRA Arbitrators May Soon Be Able To Direct Cases To FINRA’S Enforcement Division Before The Case Has Concluded
:
Updated:
FINRA IS FOCUSING ON BROKER VIOLATIONS RELATING TO EXPENSES
:
Updated:
Lax & Neville Investigates Gilford Securities and Adam F. Coblin
:
Updated:
Investors’ Losses in the Puerto Rico Closed-End Municipal Bond Fund Investments Sold and Marketed by UBS have Risen to Billions of Dollars
:
Updated:
SEC Bars Anastasios “Tommy” Belesis and John Thomas Financial, Inc., Alleging Fraudulent Commission and Disclosure Practices
:
Updated:
Merrill Lynch Settles for $132 Million Regarding Allegations of Misleading Investors About Structured Debt Products
:
Updated:
Former LPL Financial Broker Barred By FINRA For Violating Firm Policy Regarding Alternative Investment Overconcentration
:
Updated:
SEC Files Order Instituting Administrative Cease-And-Desist Proceedings Against Former Sovereign International Asset Management, Inc. Investment Advisers
:
Updated:
$6.2 Million Arbitration Award Against National Planning Corp. for Unsuitable Real Estate Investments
:
Updated:
Former Broker Of Success Trade Securities Barred For Failing To Appear In FINRA Disciplinary Proceeding Against Firm and Its President Regarding Fraudulent Promissory Note Investments to NFL and NBA Players
:
Updated:
SEC Bans Former Merrill Lynch Broker For Stealing From Clients
:
Updated:
Massachusetts Secretary of State Fines Merrill Lynch $500,000 for “Failure to Supervise” a Broker Involved in Fraud
:
Updated:
Merrill Lynch Loses a $1.2 Million Arbitration Award Regarding the Sale of a Variable Universal Life Insurance Product – The Merrill Lynch Funds Estate Investor II
:
Updated:
Broker Wins $4.2 Million Against Wedbush Securities, Inc. Regarding Loss of Clients Due To The Firm’s Misrepresentations Regarding The Sale Of Collateralized-Mortgage-Obligations
:
Updated:
Lawsuits Against UBS in Puerto Rico for Investor Losses in Risky, Highly Leveraged Closed-End Bond Funds
:
Updated:
SEC Files Complaint Against Tibor Klein And Michael Shechtman For Insider Trading
:
Updated:
Financial Industry Set To Lose High Number Of Investment Advisers In Coming Years
:
Updated:
Federal Judge Denies Merrill Lynch/Bank Of America’s Motion To Compel Arbitration Of Overtime Compensation Class Action Case
:
Updated:
Morgan Stanley Sued By Internal Auditor In Whistleblower Case
:
Updated:
FINRA Approves Proposed Rule Change Requiring Broker Disclosure Of Incentive Compensation
:
Updated:
Merrill Lynch Settles Class Action Lawsuit For $2.775 Million Regarding Failure To Pay Commission Claims In A Timely Manner
:
Updated:
Bank of America Settles Bank Of America/Merrill Lynch Gender Discrimination Class Action Lawsuit For $39 Million
:
Updated:
SEC Files Complaint Against Ronald Feldstein, Mara Capital And Vita Health For Fraud Regarding A Free-Riding Scam
:
Updated:
Massachusetts Secretary Of The Commonwealth, William Galvin, Settles For $10.75 Million With Five Independent Broker-Dealers Regarding The Sale Of Nontraded REITS
:
Updated:
SEC Files Order Instituting Administrative And Cease-And-Desist Proceedings Against J.S. Oliver Capital Management, Its President Ian O. Mausner, And Its Chief Complaince Officer Douglas Brennan, For Cherry-Picking Scheme
:
Updated:
Merrill Lynch Settles Discrimination Lawsuit Filed By African-American Financial Advisors For $160 million
:
Updated:
UBS Settles Investigation Regarding Unregistered Sales Assistants With The New Jersey Bureau Of Securities
:
Updated:
SEC Bans Colorado Portfolio Manager Carl Johns For Misleading And Obstructing His Chief Compliance Officer
:
Updated:
FINRA Files Amendment With The SEC Regarding Disclosure Of Unsatisfied Lien/Judgment Information On Form U-4s
:
Updated:
Glen Galemmo Sued By Investors For Operating A $300 Million Ponzi Scheme
:
Updated:
FINRA Board Member Linked to Firm Involved in Bribery Scandal
:
Updated:
FINRA Files Complaint Against Tony Thompson For Defrauding Investors
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FINRA Hits Wells Fargo With $2 Million Arbitration Award Regarding Unauthorized Withdrawal Of Customer Assets
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SEC Approves Madoff-Inspired Rules Regarding Disclosure Requirements For Brokers Who Maintain Custody Of Customer Assets
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SEC Files Investor Fraud Lawsuit in Bitcoin Ponzi Scheme Case
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Radio Host Patrick Kiley Sentenced To 20 Years In Prison For Perpetrating Ponzi Scheme
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Massachusetts Securities Division Issues Subpoenas To 15 Brokerage Firms Regarding Their Sales Practices Of Alternative Securities To Senior Citizens
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Ohio Division Of Securities Issued A Cease And Desist Order to Steadfast Income REIT Inc.
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Major League Baseball All-Star, Mike Sweeney, Files Lawsuit Against UBS Financial Services Inc. and His Former Broker Ralph A. Jackson III
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FINRA Bars John Thornes and Suspends Thornes & Associates for Stealing $4.2 million from Clients
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A Whistleblower and Former FINRA Registered Representatives Takes Credit For Exposing FINRA Director’s Criminal Past
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New FINRA Rule Proposal Filed with the SEC
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FINRA Will Conduct More Frequent Background Checks On Active Arbitrators
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SEC Approves FINRA Proposal To Release All Disciplinary Complaints and Decisions
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Broker Expungement Requests Rise As Investors Heavily Rely On FINRA’s BrokerCheck System
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FINRA Orders RBC Capital Markets To Pay Investor Losses For Misrepresentations Made Regarding Lehman brothers
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TNP Securities LLC’s Co-Chief Compliance Officer Temporarily Suspended For Industry And Fined By FINRA
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As Interest Rates Rise Investors May Suffer Devastating Losses And File More Customer Related FINRA Arbitrations
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The SEC Proposes Stricter Rules For Prime Money-Market Mutual Funds
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Allied Beacon Partners Inc. Announced That It Violated The Net Capital Requirement Rule
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The SEC Charges Former LPL Financial LLC Adviser With Stealing $2 Million In Client Funds
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SEC Charges Senior Equity Trader At Cushing MLP Asset Management LP With Front Running
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Fordham Financial Stockbrokers Win Conditional Certification Of Their Collective FLSA Action Regarding Wages
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LPL Financial LLC Settles E-Mail Surveillance Matter With FINRA By Paying The Largest FINRA Fine For E-Mail Surveillance Cases In The Amount of $7.5 Million
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FINRA Charges Kimberly Springsteen-Abbott, Owner of Commonwealth Capital Securities Corp., With Misuse Of Customer Funds
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Schwab Removes Customer Class-Action Waivers From Its Account Agreements
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FINRA Fines Three Broker-Dealers For Failure To Establish And Implement Adequate Anti-Money Laundering Programs
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FINRA And The SEC Release Joint Investor Alert Regarding Pensions and Settlement Income Streams
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FINRA Releases Regulatory Notice To Broker-Dealers Regarding Communications With Investors Concerning Nontraded REITs and DPPs
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The SEC Charges Two Mutual Fund Directors With Misleading Shareholders
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LPL Financial LLC Set To Settle E-Mail Surveillance Matter With FINRA
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FINRA Proposes A New Rule Which Would Require Brokers To Disclose Transition Compensation
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FINRA Arbitration Panel Denies Wells Fargo’s Raiding Claim Against Stifel Nicolaus And Orders Wells Fargo To Pay Stifel $800,000 In Attorneys’ Fees and Costs
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FINRA Withdraws its BrokerCheck Proposed Rule
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FINRA Files Cease and Desist Order and Complaint Against Success Trade For Fraudulent Sale Of Promissory Notes To Professional Athletes
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FINRA Enforcement Files Complaint Against John Thomas Financial and Tommy Belesis For Fraud, Intimidation Of Its Registered Representatives and Market Violations
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US Attorney Indicts DBSI Inc. And Top Executive With Securities Fraud Related To The Sale Of Phony Private Placements
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The SEC Proposes A FINRA Rule Change Regarding The Publication Of Complaints Filed Against Brokers and Broker-Dealers
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FINRA Arbitrator Denies Expungement To Independent Contractor Terminated From Great Pacific Securities
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Source Of Revenue For Registered Investment Advisers and Brokers Is Relatively The Same
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Lax & Neville LLP Investigating Claims Against UBS For Losses In The UBS Willow Fund LLC
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The SEC Charges Anastasios “Tommy” Belesis, His Broker-Dealer John Thomas Financial, And A Hedge Fund Manager George Jaresky, With Fraud
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Rapidly Growing Brokerage Firm, LPL Financial LLC, Subject Of Growing Problems And Scrutiny From Regulators
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Tony Thompson and TNP Securities LLC Being Investigated By FINRA
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Richard Olive Found Guilty Of Fraud And Money Laundering For Operating A Phony Charity, The National Foundation Of America
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Jeffrey Rubin Barred From Securities Industry For Recommending Unsuitable Investments To Nearly 30 NFL Players
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FINRA Arbitration Panel Awards Brokers $1.5 Million In Compensatory Damages For Their Counter-Claims, And Denies Morgan Stanley’s Breach of Promissory Note Case
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The SEC Warns Investors Of Deficiencies In Investment Adviser’s Compliance With Custody Rules
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Broker Wins Unusual FINRA Arbitration Award Regarding A Forgivable Loan
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The United States Supreme Court Holds That The SEC Must File Enforcement Cases For Securities Fraud Within 5 Years
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FINRA Appeals Schwab’s Big Win Regarding Customer Class-Action Waivers
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Merrill Lynch Settles Case With Client Associates For $12 Million
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FINRA Set To Propose Changes To Member Firm Rules
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SEC Charges James Tagliaferri, Virgin Islands Based Investment Adviser, With Fraud
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James Tagliaferri Arrested For Perpetrating Fraud on Investors
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Updated:
FINRA Warns Investors About The Risks Of Bonds
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Massachusetts Regulators Urge SEC To Consider Banning Pre-Dispute Agreements
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The SEC Approves Amendment to FINRA Rule 8210 Regarding Inspection of Books and Records And Testimony
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SEC Brings A Suit Regarding The Equity Investment Management and Trading, Inc. Ponzi Scheme
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A FINRA Arbitration Panel Awards $30 Million To US Airways For Oppenheimer’s Sale of Structured Private Placements In Auction Rate Securities
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FINRA Proposes New Rule For Broker-Dealers To Provide Links to BrokerCheck On Their Firm Websites
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New Rule Requires Mutual Funds That Trade Commodities To Register With The CFTC
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FINRA Reports Increased Arbitration Awards Ordering Restitution In 2012
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Possible New FINRA Rule Excluding Certain Industry Professionals From Public Arbitrator Pool
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FINRA Arbitration Panel Denies Abusive Broker Hiring and Raiding Claims
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FINRA Reports Increased Restitution In 2012
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The SEC Changes AUM Reporting Requirements For Registered Investment Advisers
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FINRA Awards Former MSSB Manager $1 Million In Compensatory Damages
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Former SAC Portfolio Manager Pleads Not Guilty In Insider Case
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FINRA Releases Further Information Regarding Its Proposed Broker Compensation Disclosure Rule
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Updated:
Bernard Madoff’s Brother, Peter Madoff, Sentenced to 10 Years In Prison
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Updated:
FINRA Fines 5 Broker-Dealers For Failure To Deliver Mutual Fund Prospectuses
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Updated:
Polish Brokerage Owner, Roman Sledziejowski, Defrauds Polish Customers
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Updated:
Massachusetts Regulators File Sales Practice Abuse Complaint Against LPL Financial, LLC Regarding Non-traded Real Estate Investment Trusts
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Updated:
Citigroup’s Layoffs Will Result in Severance and Bonus Disputes
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Updated:
FINRA Will Seek Comment On A Proposed Broker Compensation Disclosure Rule
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Offsets Awarded In Broker-Dealer Promissory Note Cases
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Updated:
A Client of the Merrill Lynch Phil Scott Team Wins a $1.7 Million FINRA Arbitration Award Against Merrill Lynch and Phil Scott, including Costs and Attorneys’ Fees
:
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Recent District Court Decision Compels Arbitration Of The Lead Plaintiffs’ Individual Claims In A Putative Employment Class Action Against UBS
:
Updated:
Commodities Futures Trading Commission Filed and Settled Charges Against Cantor Fitzgerald For Failure to Maintain Sufficient Funds In Customer Segregated Accounts
:
Updated:
Broker-Dealers Face Investor Lawsuits Regarding The Sale of Medical Capital Notes
:
Updated:
Second Circuit to Consider Proper Forum for Employer Based Discrimination Claims
:
Updated:
Madoff Trustee Files Eighth Interim Report With Bankruptcy Court
:
Updated:
FINRA Arbitration Panel Ordered Merrill Lynch to Pay Investors $1.3M for its Misrepresentations Regarding the Recommendation to Purchase Fannie Mae Preferred Shares
:
Updated:
London Whale’s Boss Sued by JPMorgan
:
Updated:
The Justice Department and SEC Investigate Barclays For Possible Anticorruption Violations
:
Updated:
NASAA Identifies Top Broker-Dealer Compliance Violations
:
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FINRA Sanctions David Lerner Associates $14 Million for Unfair Practices in Sale of Apple REIT Ten
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Updated:
The SEC’s Efforts Regarding Imposing A Universal Fiduciary Duty Standard Is Suspended Pending Implementation of Dodd-Frank Mandates
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Updated:
A District Court Ordered JP Morgan To Pay Client Over $18 Million For Recommending Unsuitable Investments and Breaching Its Fiduciary Duty
:
Updated:
Five Former Madoff Employees Set to Face Trial in October 2013
:
Updated:
Deutsche Bank to Assess Employee Pay and Bonuses in an Attempt to Boost Profitability
:
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Growth In Number of Whistleblower Tips
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Updated:
U.S. District Court Confirms $10.2 Million FINRA Award Against Merrill Lynch in a Deferred Compensation Dispute
:
Updated:
Former UBS Banker Receives $104 Million Whistleblower Award
:
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LIBOR Manipulation Scandal Investigations and Litigation
:
Updated:
Court Rules that Financial Advisors of Waddell & Reed Are Independent Contractors, Not Employees
:
Updated:
MiddleCove Capital LLC and Noah Myers are Accused of Fraud
:
Updated:
Merrill Lynch Settles Class Action Broker Compensation Suit
:
Updated:
MF Global Chief Executive Officer, Jon S. Corzine, Not Likely To Face Criminal Charges
:
Updated:
Lax & Neville Win $263,219 FINRA Arbitration Award Brought By Current Morgan Stanley Smith Barney Employees For Payment Of Their Back-End Bonuses
:
Updated:
WJB Capital Group Inc. Hid Firm’s Financial Distress
:
Updated:
Investors Win Arbitration Award Against First Legacy Securities, LLC and The Legacy Financial Group, Inc.
:
Updated:
New FINRA Suitability Rule Imposes An Obligation To Conduct A Suitability Determination For Sophisticated and Wealthy Investors
:
Updated:
Former Fannie Mae Executives Lose Bid To Dismiss SEC Case Against Them
:
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Lax & Neville LLP Investigates Possible Claims Regarding The Sale Of Main Street Natural Gas Bond
:
Updated:
Lax & Neville Investigates Newbridge Securities and Philip Crispino
:
Updated:
District Court Sanctions Morgan Keegan For Misrepresentations
:
Updated:
FINRA Renders Another Award Against Morgan Keegan
:
Updated:
Brokers Seeking Expungement of Numerous Customer Complaints Related to Product Problems
:
Updated:
Madoff Trustee Files A Complaint Against The New York Attorney General
:
Updated:
Madoff Trustee Seeks Approval For Allowance of Interim Compensation
:
Updated:
FINRA Implements New Suitability Rule
:
Updated:
Madoff Trustee Seeks Approval From The U.S. Bankruptcy Court To Make A Second Interim Distribution To BLMIS Customers With Allowed SIPC Claims
:
Updated:
Investors Win Arbitration Award Against David Lerner & Associates Regarding Apple REIT’s
:
Updated:
Investigating Sales Practice Abuses By Newbridge Securities Corporation and Gary Roy Albert
:
Updated:
CFP Board Proposed Sanction Guidelines
:
Updated:
Lax & Neville and Deutsch & Lipner Win $154,479 FINRA Arbitration Award In Lehman Brothers Structured Note Case Against UBS Financial Services, Inc.
:
Updated:
Lax & Neville Investigates Nontraded REITs
:
Updated:
“MAT FIVE INVESTMENT LOSSES -TIME MAY BE RUNNING OUT”
:
Updated:
Former Morgan Keegan broker, Michael Venable, is Barred from the Securities Industry
:
Updated:
URGENT: The Deadline to File Motion to Withdraw the Reference to Judge Rakoff in Madoff Clawback Adversary Proceedings Is April 2, 2012
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Updated:
“ARAVALI FUND LOSSES -TIME MAY BE RUNNING OUT”
:
Updated:
Court Denies Merrill Lynch’s Motion to Vacate an $880,000 FINRA Arbitration Award Against Merrill Concerning the Merrill Lynch Phil Scott Team
:
Updated:
Problems Financial Advisors Face When They Don’t Adhere to the Protocol
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Updated:
Investor in Lyon Capital Management Wins $1.38 million FINRA Arbitration Award Against Merrill
:
Updated:
Westminster Securities Corp. v. Petrocom Energy Limited, Petrocom Limited and Howard Au – 11-607
:
Updated:
Clients of the Merrill Lynch Phil Scott Team Win $1.2 million FINRA Arbitration Award Against Merrill, including, their Entire Net Out-of-pocket Losses, Interest, Costs and Attorneys’ Fees
:
Updated:
Important Notice to Investment Advisory Clients of James Tagliaferri and TAG Virgin Islands
:
Updated:
Register Representatives in Transition Need to Hire Counsel
:
Updated:
URGENT: Adversary Proceeding Responses Due December 14, 2011
:
Updated:
Important Notice to MF Global Account Holders
:
Updated:
A FINRA Arbitration Panel Found in Favor of a Customer of Deutsche Bank who Invested in the Aravali Fund
:
Updated:
UBS loses Motion to Dismiss in Lehman Brothers Securities and ERISA Litigation
:
Updated:
USDJ Denise L. Cote confirmed a $10 million AAA Arbitration Award in the matter of Westminster Securities Corporation v. Petrocom Energy Limited and Petrocom Limited
:
Updated:
Clients of the Merrill Lynch Phil Scott Team Win $880,000 FINRA Arbitration Award Against Merrill
:
Updated:
Lax & Neville Investigates David Lerner and Apple REIT’s
:
Updated:
FINRA Fines UBS for Sale of PPNs
:
Updated:
Don’t Limit Your Recovery If You Are a Owner Of Lehman Principal Protected Notes
:
Updated:
FINRA Revises Sanction Guidelines
:
Updated:
Service of Madoff Adversarial Proceeding Clawback Actions
:
Updated:
Lax & Neville, LLP Scheduled to Appear and Argue at the March 3, 2011 Net Equity Appeal At the United States Court of Appeals for the Second Circuit
:
Updated:
FINRA Arbitration Panels Continue to Find in Favor of Investors in Lehman Brothers Principal Protected Structured Notes
:
Updated:
Procedures for Madoff Clawback Avoidance Actions Approved
:
Updated:
Agape Victims Face Preference Actions
:
Updated:
Gregory Buchholz and Raymond James: Allegations of Misappropriated Investor Funds
:
Updated:
Clawback Actions
:
Updated:
Madoff Trustee To Bring Clawback Actions Against Victims
:
Updated:
MAT Five
:
Updated:
Several FINRA Arbitration Panels Find in Favor of Investors in Lehman Brothers Principal Protected Structured Notes
:
Updated:
SEC Reviewing Principal Protected Note Sales
New York Securities Lawyer Blog