Stockbroker Misconduct and Investment Fraud Blog
George Merhoff Jr. formerly with Cetera Financial Group, has been barred for failure to comply with investigations into his alleged securities industry violations.
The U.S Securities and Exchange Commission (SEC) is investigating sales and disclosure practices at Valic, a subsidiary of American International Group, Inc.
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).
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.
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...