Three investment firms – PNC Investments, Securities America Advisors Inc., and Geneos Wealth Management Inc. – have settled with the Securities and Exchange Commission (SEC) over charges related to breach of fiduciary duty. According to the SEC...
In a report released by the Public Investors Arbitration Bar Association (PIABA) the group asserts that the number of unpaid FINRA arbitration awards rose in 2017. The findings show that an estimated 36% of 2017 unpaid FINRA arbitration awards...
Two former stockbrokers have been barred by The Securities and Exchange Commission for their involvement in a “pay-to-play” pension scheme that netted them millions of dollars in trading commissions. Pension Scheme Involved Bribe to...
Former Vanderbilt Securities broker Mark Kaplan (no relation to any DKR lawyers) has been barred by FINRA for churning the account of an elderly client. Kaplan executed 3,500 trades in a four-year-period, resulting in investment losses totaling...
The Securities and Exchange Commission (SEC) has revoked the license of DMS Advisors over fraud charges. The regulator alleges that the mutual fund manager diverted investor funds and made fake statements. DMS Advisor Exec Diverted Funds Headed...
Massachusetts securities regulators have charged a Massachusetts Securities America broker and radio host of misleading elderly investors with radio ads relating to Alzheimer’s disease that were actually meant to attract new investment clients. ...
