FINRA Arbitration Still an Option for Investors A New York federal judge has refused to certify as a class action a 2015 Puerto Rico UBS bond fund lawsuit that was filed against UBS and its affiliates. The lawsuit, which sought to represent...
Lockwood Advisors Inc. has been fined by the U.S. Securities and Exchange Commission for not informing clients about added trading costs related to wrap accounts. The fine is part of the complaint by the regulator that Lockwood failed to monitor...
Massachusetts Secretary of the Commonwealth William Galvin has ordered SII Investments Inc. to pay the money back to clients who bought non-traded real estate investment trusts (REITs) from the independent broker-dealer. Last year, Galvinās...
Former MC2 hedge fund manager Yasuna Murakami has been barred from the securities industry and ordered to pay $7.9 million in civil liability. Murakami is currently serving six years in prison for stealing money from investors in a Ponzi-style...
Three unidentified whistleblowers will be given more than $45 million combined by the U.S. Commodity Futures Trading Commission for their roles in enforcement actions that resulted in sanctions. The CFTC Whistleblower Program The CFTC...
In a unique case, Ohio brokerage firm Westminster Financial Securities is trying to avoid paying a settlement to an elderly client who claims she was misled by her broker. Westminster Financial Securities Backing Out of Settlement According to...
