The SEC Probes Valic Sales of Retirement Plans to Teachers
The U.S Securities and Exchange Commission (SEC) is investigating sales and disclosure practices at Valic, a subsidiary of American International Group, Inc.
Posted 3 days ago
Stockbroker Misconduct and Investment Fraud Blog
Oppenheimer & Co. to Pay More Than $3.8M in Restitution
FINRA has ordered brokerage firm Oppenheimer & Co. to pay more than $3.8 million in compensations and a fine of $800,000 for supervisory failures relating to sales of unit investment trusts (UITs).
Posted 7 days ago
NEXT Financial Hit With $475,000 Fine for Non-Traded REIT Sales
Brokerage firm NEXT Financial Group has been fined $475,000 by the states of Massachusetts and New Hampshire for failure to supervise and comply with regulations.
Posted 9 days ago
GPB Capital Announces Delay in the Release of Audited Financials
GPB Capital Holdings is under investigation by different authorities, including the Federal Bureau of Investigation (FBI), the Securities and Exchange Commission (SEC), and a host of state-level securities divisions for potentially running a $1.8...
Posted 22 days ago
The SEC Concerned About Consumer Protection Proposes New Rules
The U.S. Securities and Exchange Commission (SEC) presented a new investor protection rule last November. The agency´s motivation is consumer protection, as this new rule would make it harder for investment advisers and brokers to sell risky...
Posted January 21, 2020
Indemnification Is Good, But Advancement Is Even Better: Make Sure You Know The Difference And Level The Playing Field From The Start
Corporate officers and directors frequently find themselves involved in complex legal proceedings in which they face exposure merely by reason of the fact that they served as an officer or director. In such proceedings, the legal expenses...
Posted January 15, 2020
