The latest regulatory, disciplinary and criminal actions.
Registered investment advisers must provide clients and prospects with a one-page, standalone table of fees and services.
Former Morgan Stanley deal maker Bernard Mourad won bonuses worth more than 1.4 million euros ($1.6 million) after a Paris court ruled that the American bank improperly withheld deferred pay when he quit in 2015 to join up with telecoms mogul Patrick Drahi.
Divided arbitration panel gives 24 claimants a sliver of their $22.3 million failure-to-supervise claim but refuse to expunge records of Spire Securities executives.
Edward Jones agreed to pay $40,000 for allegedly inaccurate U4 complaint reporting while Ciitigroup reaches $377,000 settlement on UIT sales abuses.
Finra arbitrators clear discharge notice from Virginia broker’s regulatory record after he and UBS settle firm’s claim for $811,000 balance on his promissory notes.
Request for TRO claims 30-year veteran who tracked clients on his Rolodex illegally solicited customers before and after his departure.
Arbitrators absolve longtime wirehouse branch manager Jeffrey Crystal and five others of charges that they failed to supervise advisor who admitted stealing $5 million from clients.
Finra suspends Tempe, Arizona, broker for three months and fines him $5,000 over 900 short-term rollover recommendations.
Twenty-three year wirehouse veteran in Dallas had posted a video on his new firm’s website over Memorial Day weekend promising former clients that he would be in touch with them.