The latest regulatory, disciplinary and criminal actions.
Former broker pled guilty to stealing roughly $4.2 million over 10 years.
Brokers who moved between 2017 and 2019 worked with third-party vendor on populating account-transfer spreadsheets without receiving customer approval.
Former Morgan Stanley broker in New Hampshire agreed to a $5,000 fine and three-month suspension for adding addresses and other rudimentary data to account forms previously signed by clients and a prospect.
Firm failed to have procedures for ensuring that customers weren’t encouraged to redeem their unit investment trusts sales prematurely in order to generate commissions.
Finra and several exchanges say the Swiss bank failed to adequately review potentially manipulative activity by broker-dealers and other institutional clients.
J.P. Morgan Securities and Charles Schwab scored legal victories this week from departing brokers who were allegedly using firm-owned data to solicit former clients.
Firms settle charges from the Financial Industry Regulatory Authority that they sold more expensive classes of education savings plan investments when others were available.
J.P. Morgan filed to block a bank-based broker in Florida who left three weeks ago from contacting clients about joining her at UBS Wealth Management USA.
State imposes $200,000 penalty and orders $182,500 in restitution to clients for wirehouse’s failure to supervise a now-barred broker in Boston.
California advisor who joined an RIA claimed Fidelity filed a client-contact lawsuit against her and her new firm in retaliation for her complaint about a manager and the work environment.