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.
Atlanta broker with over four decades of experience recommended investments from Ameriprise’s “prohibited” list, mismarking orders to circumvent blocks.
Three clients claimed firm ignored red flags as broker concentrated them in biotech and healthcare stocks as the investments were shedding value.
Mother of deceased complex manager Erich Frank says she is entitled to arbitrate her claim even though Finra ruled that she was ineligible.
Finra statistical report says just 1% of the securities industry’s 630,000 registered representatives changed firms in 2018 compared to 4% in the prior year.
Wirehouse inaccurately told customers that “substitute” interest payments on muni bonds were tax-exempt when the firm’s short positions made the payments taxable.
A broker with 37 years of industry experience has agreed to a two-month suspension and a $5,000 fine for using his personal email and computer to conduct client business.