The latest regulatory, disciplinary and criminal actions.
The Financial Industry Regulatory Authority has suspended an Arizona advisor for 18 months for falsely affirming that prospective Bank of America borrowers had plenty of cash in their Merrill accounts.
Florida advisor made over 1,200 unauthorized trades between 2012 and 2016, regulator says.
Client complaint generated internal investigation of Chris Hibbard, a broker with almost 19 years of experience, according to a company spokesman.
Broker who allegedly defrauded wealthy client and cost her former firm a $34 million arbitration award is told to expect Finra charges involving excessive trading and suitability rules.
Former Morgan Stanley broker who declared that he changed his life after a forgery arrest while in college was sentenced to prison on Tuesday for defrauding a widowed client.
James Polese and partner Cornelius Peterson stole $500,000 from clients for personal expenses and to fund a “wind farm” investment, prosecutors said.
Unlicensed individuals at the manager’s branch operated on unauthorized scripts and misled prospects about the broker-dealer.
Broker is latest to give up on the product after being fined and suspended for promoting short-term trading of the products.
California broker put a rival broker’s name and number on internet gay solicitation ads.
Former wirehouse broker accepts ban from industry rather than cooperation in investigation of his alleged outside business activities.