by Mike | Jun 22, 2015 | Securities Fraud
Self-styled “Financial Coach” also must pay $3.6 million in restitution for fraud Bryan C. Binkholder, a St. Louis-area financial adviser, was sentenced to nine years in prison and ordered to pay more than $3.6 million in restitution to clients who participated in a...
by Mike | Jun 15, 2015 | Securities Fraud
The self-regulator suggests barring offenders, expelling more firms, uping suspensions to two years The Financial Industry Regulatory Authority Inc. is tightening the screws on its disciplinary responses to violations of the suitability standard by brokers. As part of...
by Mike | Jun 8, 2015 | Securities Fraud
Lynnda L. Speer, the widow of cable shopping pioneer Roy M. Speer and the personal representative of Mr. Speer’s estate, is suing Morgan Stanley Wealth Management plus an adviser and branch manager for more than $170 million. The suit was filed under the...
by Mike | May 27, 2015 | Securities Fraud
Individuals who have retirement investments in a company 401(k) plan may now have more success filing a suit against the company for infractions such as breach of fiduciary duty. Recently, the United States Supreme Court unanimously ruled in favor of participants in...
by Mike | May 27, 2015 | Securities Fraud
Aaron Parthemer, a Wells Fargo adviser, has been barred by the Financial Industry Regulatory Authority Inc. (FINRA) for engaging in a number of undisclosed businesses, including running a dance club in South Beach, Fla., plus running an Internet branding startup and a...
by Mike | May 11, 2015 | Securities Fraud
While brokers and investment advisers are targeting older clients to build their book of business, regulators are attempting to protect graying investors. Misrepresentation of company strength Recently, the Financial Industry Regulatory Authority Inc. (FINRA) filed a...
