The latest regulatory, disciplinary and criminal actions.
J.P. Morgan filed to block a bank-based broker in Florida who left three weeks ago from contacting clients about joining her at UBS Wealth Management USA.
State imposes $200,000 penalty and orders $182,500 in restitution to clients for wirehouse’s failure to supervise a now-barred broker in Boston.
California advisor who joined an RIA claimed Fidelity filed a client-contact lawsuit against her and her new firm in retaliation for her complaint about a manager and the work environment.
Lousianna broker violated industry and firm rules by not reporting his work for and ownership stake in a nutritional supplements company for four years, according to a letter of settlement.
Florida team that managed about $500 million at former firm stipulate they will not solicit their former customers for a year or until a Finra arbitration claim is resolved.
Samuel Barnett, 30, founded SBB Research almost a decade ago in his dorm room, transforming a college side gig into a hedge fund that managed more than $400 million.
The Commission settled with 17 firms, including 16 who participated in its self-reporting initiative, over allegations they failed to failed to properly disclose conflicts related to receipt of 12b-1 ‘distribution’ fees from fund companies.
The firm claims that two brokers managing $500 million in assets had solicited former clients and took customer information in violation of employment agreements.
An Oppenheimer broker accused of assigning his client service associate to take his continuing education courses gets three-month suspension and fine.
SEC orders RIA affiliate of Parkland Securities and Sigma Financial to pay $2.5 million, the same day it fined Morgan Stanley $225,000 for unsuitable municipal bond sale recommendations.