With the loss of four advisors servicing credit union accounts, Cantor has a skeleton wealth-management crew.
In latest of series of sanctions, regulator cites multiple reporting, arbitration and sales violations.
Former Oppenheimer and Morgan Stanley broker pled guilty to scheme that ran almost four years and netted more than $5.6 million.
State also orders firm to alert clients to “information about your transactions with an Oppenheimer professional that you need to know.”
Alleges that former Oppenheimer Chief Compliance Officer Allen Holeman falsified U-4 forms.
Finra imposes $2.9 million in fines and restitution.
Michael Marchassalla has built a strong reputation over a 22-year career managing branches and recruiting brokers for Morgan Stanley and other firms in the hypercompetitive New York City market.
Doing its best to turn a sow’s ear of a year filled with regulatory fines, disciplinary actions and paltry profit…
Several prominent broker-dealers including UBS Financial Services and Wells Fargo Advisors’ Financial Network (FiNet) appear to “specialize in misconduct”