The regulator updated earlier guidance from a week ago that had allowed cases to proceed on an ad hoc basis.
Ben Fujihara, former manager of large Morgan Stanley complex in Dallas, agreed to a 30-day regulatory suspension and $5,000 fine for unapproved outside activities.
A Merrill Edge broker who accommodated a client by altering an account-opening document wins expungement of dismissal language that arbitrators found “defamatory.”
Lyle LaMothe, who led Merrill’s brokerage force from 2008 to 2011, is one of dozens of former executives who sued after the value of his stock tanked during the financial crisis.
Longtime Merrill manager who settled sex-discrimination lawsuit against firm gets “defamatory” language about his dismissal removed from regulatory records.
In a rare award for investors burned by convicted fraudster R. Allen Stanford, an arbitration panel on Wednesday ordered his defunct company’s clearing firm to pay 23 of them $5.64 million.
Broker allegedly over-concentrated investments and traded excessively in stocks and a leveraged ETF.
Virginia advisor who joined an LPL-affiliated firm two years ago agrees to refrain from further calling former clients, even if he had contact information from memory, but avoids monetary penalties.
Firms and brokers would pay $9,100 more per expungement claim and be subject to three-person arbitration panel under proposed rule change.