The latest regulatory, disciplinary and criminal actions.
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.
Chief executive of Ladenburg-owned KMS Financial Services has had mixed success in expunging more than a dozen customer complaints that splotch her BrokerCheck record.
Brokers across three RayJay channels overcharged customers by putting them in fee-based accounts, mispricing positions and recommending premature exchanges that generated commissions, regulator says.
Banking giant agrees to $1.1 million fine for failing to timely file U5 disclosures on dozens of former reps who left amid allegations or investigations of fraud, theft or other violations.
Advisors in Texas and Nebraska last week agreed to stop soliciting their former clients, but Schwab and Fidelity Investments also last week withdrew complaints against breakaway brokers in Wisconsin and Connecticut.
Broker who left with three others last month allegedly took client data prior to setting up a registered investment advisory firm.
The Securities and Exchange Commission squandered the opportunity Congress gave it to impose strong customer-protection standards, but lawsuits filed against the regulator this week may remedy the problem, critics say.
Indiana advisor who went independent in August after 21 years with Jones has moved $2 million of the $113 million in client assets he was managing, firm says in lawsuit.
Brokers now with J.P. Morgan in Atlanta are at least the fifth former brokers who won awards for deferred compensation the Swiss bank withheld after shuttering its U.S. brokerage operations.