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Audit Firms Agree to $46 Million Settlement in GPB Capital Fraud Case

June 18th, 2025 at 2:09 PM
In a significant development in the GPB Capital fraud litigation, several audit firms have agreed to pay a combined $46 million to settle claims tied to their alleged involvement in the $1.8 billion scheme that impacted roughly 15,000 investors, as reported by DI Wire.
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FINRA Sanctions Former Advisor for Unsuitable Variable Annuity Exchanges

June 17th, 2025 at 11:40 AM
The Financial Industry Regulatory Authority (FINRA) has fined and suspended former broker Thomas Vigil for making unsuitable variable annuity recommendations that resulted in customers paying higher fees.
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GPB Capital Executives Sentenced for Fraud in Private Placement Scheme

June 16th, 2025 at 1:54 PM
Two former top executives at GPB Capital Holdings received prison sentences for their roles in a years-long investment fraud scheme.
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New York Tax Preparer Charged in $50 Million Ponzi Scheme

June 13th, 2025 at 11:52 AM
New York’s Attorney General announced the arrest of Miles Burton Marshall, an upstate New York tax preparer and insurance agent accused of orchestrating a decades-long Ponzi scheme that defrauded nearly 1,000 investors out of more than $50 million.
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Former Morgan Stanley Advisor Banned for Profit-Sharing Scheme and Policy Violations

June 12th, 2025 at 3:41 PM
Joseph A. Eisler has agreed to a permanent ban from the brokerage industry, according to a recent settlement with the Financial Industry Regulatory Authority (“FINRA”).
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CFP Board Announces Certification Fee Increase

June 10th, 2025 at 10:52 AM
The CFP Board of Directors has approved a $120 increase to the annual certification fee for CFP® professionals, raising the total to $575.
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Investor Sues Both Schwab and Hightower Over Pledged Asset Line

June 9th, 2025 at 11:53 AM
A retiree has filed a lawsuit accusing Charles Schwab & Co. and Hightower Advisors of financial elder abuse, fraud, and breach of fiduciary duty.
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FINRA Sanctions Former Broker for Unsuitable, High-Risk GWG Bond Sales

June 6th, 2025 at 1:45 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former advisor for what FINRA alleged were excessively risky investments that left clients exposed to significant losses.
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UBS Seeks to Overturn $95 Million FINRA Award Over Tesla Shorting Strategy

June 5th, 2025 at 10:54 AM
UBS Wealth Management USA has filed a petition in federal court to vacate a nearly $95 million FINRA arbitration award, arguing the decision overstepped legal bounds and imposed punitive damages that defy Iowa law, as reported by AdvisorHub.
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Jury Finds Cutter Financial Group Liable for Disclosure Failures in Annuity Sales

June 4th, 2025 at 3:50 PM
A federal jury in Massachusetts has found investment advisor Jeffrey Cutter and his firm, Cutter Financial Group, liable for failing to disclose significant commissions and conflicts of interest tied to an annuity replacement strategy sold to clients.
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LATEST NEWS AND ARTICLES

October 30, 2025
SEC Sues Former Franchise Group CEO Over $350 Million Hedge Fund Fraud

The Securities and Exchange Commission (SEC) filed a lawsuit against Brian Kahn, former CEO of Franchise Group Inc., alleging he defrauded investors of more than $350 million in a multi-year investment adviser fraud tied to the collapse of Prophecy Asset Management (Prophecy).

October 29, 2025
FINRA Foundation Study Reveals Alarming Investor Susceptibility to Fraudulent Offers

The FINRA Investor Education Foundation (FINRA Foundation) has released preliminary findings from its upcoming report, Investors in the United States: A Report of the National Financial Capability Study.

October 28, 2025
UBS Seeks Court Order Against $1.4 Billion Florida Advisory Team Over Client Solicitation Allegations

UBS Wealth Management USA has filed a lawsuit and requested a temporary restraining order (TRO) against a $1.4 billion advisory team that recently departed to join Elevation Point, a West Palm Beach-based registered investment advisor launched just 15 months ago.