The latest regulatory, disciplinary and criminal actions.
California man allegedly sold non-traded REITs and structured notes to Mom-and-Pop investors over eight years and inflated their net worths to avoid firm’s account concentration limits.
Terry L. McCoy, the firm’s former Palm Harbor branch manager, failed to take action despite multiple red flags and compliance alerts pointing to elder abuse, Finra said.
Finra suspends ex-Morgan Stanley CSA in Texas who used blank forms and forged customer signatures to facilitate loan requests and former LPL broker in Ohio who reimbursed a customer for money-losing options trades.
Former Morgan Stanley broker ignored the firm’s denial of his requests to buy mobile home and fuel-service businesses, but others stumble over less obvious business and investment reporting violations.
Regulator charges rookie broker who touted himself as one of Illinois’ top retirement strategists with “false” and “exaggerated” claims.
FBI Arrests Ex-Ameriprise Advisor for Fraud, Arbitrators Order Morgan Stanley Felon to Pay Firm $6 Mln
The advisors, one based in Los Angeles and a second in northern New Jersey, were previously barred from the securities industry.
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.