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FINRA

SEC
3/3/21 | News | FINRA, SEC

Biden SEC Doubles Down on Operational Resiliency amid Catastrophes

Dining expense
FINRA, Morgan Stanley

Finra Dings Ex-Morgan Stanley Broker in Los Angeles over Expense Lapse

2/26/21 | Enforcement, News | 2 Comments

Advisor and local restaurateur Kerry Moy accepted a two-month suspension and $5,000 fine for allegedly including the wrong names of attendees on business meals when seeking reimbursement.

Read More

Enforcement, expense report, Finra, Kerry Moy, Los Angeles, Morgan Stanley
Advisor on Phone
FINRA, SEC, Securities America

Customer Privacy Issues Cost Securities America $125,000

2/24/21 | News

Finra censures and fines independent broker-dealer for encouraging recruited advisors to give nonpublic data on their customers to outside vendor that prepared account opening transfer documents.

Read More

Advisor Group, Advisor Recruiting, Finra, Privacy Law, Securities America, Securities and Exchange Commission
FINRA, Morgan Stanley

Morgan Stanley Faces $5 Million Claim from NBA Star Chandler Parsons

2/23/21 | News | 6 Comments

The filing appeared on the record for a California broker and managing director who is part of Morgan Stanley’s Sports and Entertainment Group.

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Arbitration, California, Chandler Parsons, Finra, Morgan Stanley, Nyjer Morgan
Judge rules
FINRA, Wells Fargo

Finra Bars Ex-Wells Broker Who Raised $3.5-Mln For Software Company

2/22/21 | Enforcement, News | 2 Comments

Scott W. Reed of Scottsdale, Arizona, allegedly made nearly $200,000 for soliciting and facilitating at least $3.5 million in unapproved investments in a software company.

Read More

Arizona, Enforcement, Finra, Wells Fargo Advisors
Father Son Financial Advisors
FINRA

Runs in the Family: Finra Suspends Broker Who Helped His Barred Father See Clients

2/19/21 | News

Former Cambridge rep James A. Schumaker was accused of helping his father, barred from the industry in 2014, come into the office and meet with clients.

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Cambridge Investment Research, Enforcement, Finra, Indiana, Transamerica
Inherited accounts
FINRA

Finra Bars Morgan Stanley Veteran Fired over Inherited Accounts

2/17/21 | News | 7 Comments

Broker who was discharged after 23 years for failing to share account credits with retired advisor gets lifetime bar from regulator.

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Enforcement, Finra, Inherited Accounts, Morgan Stanley, Retired Advisor, Sales Practices
Finra sign
FINRA, Kestra, Waddell & Reed

Finra Sidelines Two Brokers who Took Client Info to New Firms

2/16/21 | Advisor Moves, News

The regulator fined and suspended a Lincoln Financial Advisors broker and a former International Assets Advisory broker who started his own registered investment advisory firm for alleged violations of client privacy rules.

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Advisor Moves, Enforcement, Finra, Kestra Financial, Lincoln Financial, Waddell & Reed
FINRA sign
FINRA, Wells Fargo

Finra Bars Ex-Wells Broker Accused of Improperly Seeking Virus Relief Loan

2/12/21 | Coronacrash, News

The regulator barred a bank-based broker who declined to cooperate with its investigation of allegations she had applied for the Small Business Administration’s support without a formal business.

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Coronacrash, Finra, Outside Business, PPP loans, SBA, Wells Fargo
Elderly woman
FINRA, JP Morgan

Family Affair: Panel Orders J.P. Morgan, Ex-Brokers to Pay $19 Million to Grandmother

2/9/21 | News | 4 Comments

A Finra arbitration panel in Boca Raton, Florida found two former brokers and J.P. Morgan liable in a case brought by the brokers’ 94-year-old grandmother for unauthorized trading and elder abuse.

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Arbitration, Finra, J.P. Morgan Securities
FINRA, Laidlaw, Morgan Stanley

Morgan Stanley Claws Back Million-Dollar Note Balance from FL Broker

2/2/21 | News | 3 Comments

Broker had left for Laidlaw Wealth Management after three years with the wirehouse.

Read More

Advisor fraud
FINRA, Northwestern Mutual

Finra Suspends Former NJ Broker Who Borrowed from Clients to Pay Debts

2/1/21 | Enforcement, News

Ex-broker Manish H. Shah accepted a 20-month suspension from the brokerage industry and a $15,000 fine for borrowing money from customers to buy another broker’s practice but using the money for personal expenses.

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broker, Enforcement, Finra, New Jersey, Northwestern Mutual, Rule 2010
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CORONACRASH NEWS

  • Big U.S. Banks’ Vows to Halt Job Cuts End as Virus Endures

    Big U.S. Banks’ Vows to Halt Job Cuts End as Virus Endures

    Feb 26, 2021
  • Raymond James Executive: We’re Open to Flexible Work Arrangements for Advisors

    Raymond James Executive: We’re Open to Flexible Work Arrangements for Advisors

    Feb 25, 2021
  • Finra Bars Ex-Wells Broker Accused of Improperly Seeking Virus Relief Loan

    Finra Bars Ex-Wells Broker Accused of Improperly Seeking Virus Relief Loan

    Feb 12, 2021
  • RayJay Private Client Profit Dips 8%, Employee Channel Recruiting Slips

    RayJay Private Client Profit Dips 8%, Employee Channel Recruiting Slips

    Jan 28, 2021
  • Finra Scrutinizes Brokers Who Took PPP Loans for Potential Violations

    Finra Scrutinizes Brokers Who Took PPP Loans for Potential Violations

    Jan 25, 2021

NEWS

  • Judge Denies Ex-Morgan Stanley Boston Broker’s Bid for Early Prison Release

    Judge Denies Ex-Morgan Stanley Boston Broker’s Bid for Early Prison Release

    Mar 8, 2021
  • UBS Begins Appeal of $5 Billion Penalty in French Tax Case

    UBS Begins Appeal of $5 Billion Penalty in French Tax Case

    Mar 8, 2021
  • Morgan Stanley Bags $3.5 Million Wells Int’l Team in Arizona

    Morgan Stanley Bags $3.5 Million Wells Int’l Team in Arizona

    Mar 8, 2021
  • This Week’s Top 5: Wells Consolidates Regions, a $6-Mln Merrill Breakaway, And More

    This Week’s Top 5: Wells Consolidates Regions, a $6-Mln Merrill Breakaway, And More

    Mar 6, 2021
  • This Week in RIA M&A: Focus Adds Partner Firm as Other PE-Backed Buyers Strike

    This Week in RIA M&A: Focus Adds Partner Firm as Other PE-Backed Buyers Strike

    Mar 5, 2021

Recruiting Winners: 2020 Year in Review

FINANCIAL INDUSTRY PODCASTS

AllIndependence
The must listen-to podcast for financial advisors by Tony Sirianni. Guests to include:
-Ron Kruszewski
-Shirl Penney
-Penny Pennington
-Eric Clarke
and many more
Michael Kitces and Carl Richards discuss financial advising topics.
The “new advice value stack,” and how firms can use it to help maximize their own value propositions for their clients.
Interviews and insights for advisors curious about switching to a new broker dealer.
The Brighthouse Financial Insights Panel is a group of leading, independent experts providing powerful insights into the big challenges facing you and your clients.
Powering Independence Podcast, insights and ideas for RIAs, presented by Dynasty Financial Partners. A podcast dedicated to presenting fresh ideas and best practices for the wealth management industry.
As an industry expert, Frank LaRosa provides guidance and advice on a host of topics from recruiting and transitions, succession planning, practice management, M&A and more.
Our goal is to unlock the challenges to reveal the opportunities and what it means to provide advice in the 21st century.
Go behind the scenes with registered investment advisors and other related independent business model experts
As a nationally recognized recruiter and consultant to financial advisors, Mindy Diamond has unmatched experience in introducing advisors to the independent space.
The must listen-to podcast for investors, venture capitalists and financial advisors, with Tony Sirianni and Paul Dietrich.
An Introduction to Independence: 5 Key Episodes to Jumpstart Your Knowledgebase
Jay is an investment strategist, CERTIFIED FINANCIAL PLANNER™ and business consultant to financial advisors.
We interview top financial advisors and visionary voices to bring you the strategies, tips, and tools you need to make a difference in people’s lives.
A financial literacy and commentary show that features a number of investors, financial experts, professional athletes, business owners and more.
Join Sound Financial Group CEO Paul Adams and President Cory Shepherd every week, as they help you Design and Build a Good Life™.
The Kuderna Podcast, focusing on wealth in it's original meaning- a state of well being.
Timeless wisdom, actionable information you can use right now to make smarter investment decisions.
Made for and dedicated to those folks serious about their financial plan.
Suzanne Siracuse asks the questions nobody else asks, as influencers and interviewer collide in her new and truly unique podcast series The Big Reveal.
Our webcast is dedicated to helping our viewers get real insights by avoiding the cognitive dissonance of today’s media outlets and biased editorial filters.

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