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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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Former Merrill Edge Advisor Barred by FINRA Amid Misappropriation Allegations

June 3rd, 2025 at 11:01 AM
FINRA has barred Mario L. Martinez, a market leader with Merrill Edge in Fort Lauderdale, Florida, after he declined to cooperate with a regulatory investigation. According to AdvisorHub, the probe began following a tip that Martinezaccepted a loan from a client, among other alleged misconduct.
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Revenue Sharing in Wealth Management Continues Despite Criticism

June 2nd, 2025 at 1:28 PM
Revenue sharing remains one of the wealth management industry’s most controversial and opaque practices.
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LATEST NEWS AND ARTICLES

July 1, 2025
State Regulators Fine Five Major Broker-Dealers Nearly $10 Million for Excessive Commission Charges

A coalition of state securities regulators has ordered five broker-dealers — including Edward Jones, LPL Financial, RBC, Stifel, and TD Ameritrade — to pay almost $9.9 million in penalties for overcharging customers on small-value trades.

June 30, 2025
SEC Charges New Mexico Investment Advisor with Fee Fraud and Fiduciary Breaches

The Securities and Exchange Commission (“SEC”) has charged David A. Nagler and his firm, New Line Capital LLC, with defrauding clients through deceptive fee disclosures and undisclosed conflicts of interest.

 

June 27, 2025
FINRA Sanctions Advisor for Accepting $1 Million Inheritance from Client Without Firm Approval

FINRA has fined and suspended veteran advisor Kenneth J. Malm for accepting a $1 million inheritance from a client without receiving the necessary firm approval.