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UBS Settles FINRA Claims Over Supervision of Short-Term Preferred Stock Trades

January 31st, 2025 at 2:21 PM
According to AdvisorHub, UBS Wealth Management USA’s broker-dealer has agreed to pay $3.5 million in sanctions over allegations of supervisory failures related to short-term trading of syndicate preferred stock.
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Two Sigma Settles SEC Charges for Investment Model Failures and Whistleblower Rule Violations

January 30th, 2025 at 4:18 PM
According to SEC.gov, the Securities and Exchange Commission (SEC) recently announced that Two Sigma Investments LP and Two Sigma Advisers LP (collectively, Two Sigma) agreed to settle charges of breaching fiduciary duties, compliance failures, and violations of the SEC’s whistleblower protection rule.
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Robinhood to Pay $45 Million for Multiple Securities Law Violations

January 29th, 2025 at 11:27 AM
Robinhood Securities LLC and Robinhood Financial LLC have agreed to pay $45 million to resolve allegations of widespread securities law violations. According to InvestmentNews, the settlement follows an SEC investigation that uncovered ten distinct regulatory failures spanning several years.
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Former Financial Advisor Sentenced to Prison for $2.5 Million Investment Fraud Scheme

January 28th, 2025 at 9:00 AM
According to InvestmentNews, a former financial advisor from Wisconsin, David Braeger, has been sentenced to 24 months in federal prison for an investment fraud scheme that caused over $2.5 million in losses.
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Gemini Settles $5 Million Case With CFTC Over Misleading Statements

January 27th, 2025 at 11:06 AM
Crypto exchange Gemini has agreed to pay $5 million to settle allegations by the U.S. Commodity Futures Trading Commission (CFTC) that it made misleading statements about bitcoin futures contracts in 2017.
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Fidelity to Shift Independent Advisor Cash to Lower-Yielding FCash Amount in 2025

January 24th, 2025 at 2:00 PM
Fidelity Investments plans to redirect cash balances in non-retirement brokerage accounts managed by independent financial advisors to its in-house sweep account, FCash, starting in 2025.
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Barred Advisor Continues Pattern of Settlements at Western International Securities

January 23rd, 2025 at 12:18 PM
Chris Kennedy, a barred advisor formerly associated with Western International Securities, has agreed to a $2.1 million settlement with the Securities and Exchange Commission (SEC) over allegations of high-volume trading, or churning, in client accounts.
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FINRA to Revise Outside Business Activities Rules

January 22nd, 2025 at 10:46 AM
The Financial Industry Regulatory Authority (FINRA) is seeking to overhaul its rules on outside business activities (OBA) and private securities transactions.
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FINRA Orders $8.2 Million in Customer Restitution Over Mutual Fund Fee Errors

January 21st, 2025 at 3:17 PM
FINRA has required Edward Jones, Osaic Wealth, and Cambridge Investment Research to reimburse customers a combined total of more than $8.2 million for improperly charged mutual fund sales fees.
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Wells Fargo and LPL Financial Settle SEC Charges Over Blue Sheet Reporting Errors

January 20th, 2025 at 3:36 PM
The Securities and Exchange Commission (SEC) announced settlements with Wells Fargo Clearing Services and LPL Financial, each agreeing to pay a $900,000 penalty for failing to provide complete and accurate securities trading information, also known as electronic blue sheet data. 
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LATEST NEWS AND ARTICLES

November 4, 2025
FINRA Suspends Former Morgan Stanley Advisor Over $180,000 in Improper Transfers

The Financial Industry Regulatory Authority (FINRA) suspended former Morgan Stanley advisor C.J. Kline for two years and imposed a $5,000 fine for allegedly executing more than $180,000 in improper fund transfers between his personal and brokerage accounts.

November 3, 2025
Former Florida Broker Pleads Guilty in $2.7 Million Investment Fraud and PPP Loan Scheme

Former Florida broker Jared Dean Eakes, 34, of Jacksonville, has pleaded guilty to wire and bank fraud in connection with a $2.7 million investment scam and a separate scheme involving over $4.75 million in fraudulent Paycheck Protection Program (PPP) loans, according to U.S. Attorney Gregory W. Kehoe for the Middle District of Florida.

October 31, 2025
Department of Labor Sued Over Illegitimate Deferred Compensation Opinion Letter

Three former Morgan Stanley advisors filed suit this week against the U.S. Department of Labor (DOL), claiming the agency exceeded its authority and was unduly influenced when it issued an advisory opinion that sought to undermine their deferred compensation claims.