The Practice: Regulatory/legal issues
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June 26, 2019How Morgan Stanley Is Winning Big Against Runaway AdvisorsFor the past two years the wirehouse has been granted more TROs than they've been denied.
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June 26, 2019Former Broker Faces Three Years in Prison Over Stealing from Elderly CoupleThe man pleaded guilty to stealing more than $270,000.No Comments
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June 25, 2019College Scandal Mastermind Had Longstanding Ties with Morgan Stanley Advisors, News ReportsA complex manager in California reportedly hired William "Rick" Singer to help her own children.No Comments
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June 25, 2019Citi Ordered to Pay Fines For Unit Investment Trust SalesFinra says Citigroup Global Markets allegedly failed to apply sales charge discounts on eligible UIT purchases for six years.No Comments
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June 25, 2019Boss "Outraged" Over Penalty For Failing to Supervise Ponzi-Scheming BrokerCEO says the jailed broker created the scheme two years after leaving his firm.No Comments
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June 25, 2019SEC Bars Ex-RIA Already Sentenced to 13 Years in PrisonThe man also agreed to pay disgorgement of more than $3 million as part of the recent settlement with the SEC.No Comments
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June 25, 2019Congresswoman Aims to Block SEC’s Reg BI Through Funding AmendmentThe House representative has introduced an amendment to bar the regulator from spending funds enforcing the regulation.No Comments
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June 24, 2019Merrill Lynch Accused of Failing to Pay Minimum Wage in Class Action LawsuitThe suit is brought by call center workers in Illinois.No Comments
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June 24, 2019Who Wins in a Fiduciary Fight – Feds or States?The focus is on a 1996 federal law that has a provision on limitations on what states can do when regulating brokers and dealers.Last Comment: June 24, 2019
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June 24, 2019Edward Jones Fined Over Alleged Inaccuracies About Customer ComplaintsThe firm had claimed alleged damages of $5,000 on dozens of complaints while actual damages sought were as high as $630,000.No Comments
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