AXA Financial Advisors was fined $600,000 and ordered to pay $172,000 in restitution by the Financial Industry Regulatory Authority. for negligently misrepresenting that certain junk bond funds held investment grade bonds. Junk bonds are deemed...
Stockbroker Misconduct and Investment Fraud Blog
JP Morgan Whistleblowers to Receive $50 Million from the SEC for Information in Enforcement Action against JP Morgan
A recent program will allow the U.S. Securities and Exchange Commission to award individuals with insight and information on companies involved in improper financial practices and enforcement actions.
In a Texas federal court, a jury found Thurman Bryant III of Frisco, Texas, and Arthur Franz Wammel of Houston guilty of conspiracy to commit wire fraud.
Scott Klor, a former representative of LPL Financial, was suspended for 14 months and fined $5,000 by the Financial Industry Regulatory Authority, Inc. (FINRA) for a life insurance scheme.
U.S. District Judge Jesse M. Furman sentenced NY real estate developer Michael D’Alessio to six years in prison after D’Alessio pled guilty to making false statements in his bankruptcy case and defrauding investors out of $58 million.
Dimond Kaplan & Rothstein, P.A. (DKR) has filed a FINRA arbitration claim against UBS Financial Services, Inc. on behalf of investors who lost money in UBS’s so-called “Yield Enhancement Strategy” or the “YES” program. UBS recommended its...