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FINRA Suspends and Fines Advisor for Misleading L Bond Sales

January 17th, 2025 at 2:30 PM
The Financial Industry Regulatory Authority (FINRA) has suspended and fined Alan Mason for violating Regulation Best Interest by recommending high-risk L bonds to a retail customer.
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Former Merrill Lynch Advisor Wins Expungement of Allegations Tied to CBD Business

January 16th, 2025 at 11:43 AM
Charles Thomas “Todd” Mercer Jr., a former top Merrill Lynch advisor, successfully cleared his public record of allegations that hindered his ability to attract clients after transitioning to an independent practice. 
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SEC Charges Nigerian Trio for Impersonating Financial Professionals in $2.9 Million Fraud Scheme

January 15th, 2025 at 2:29 PM
The Securities and Exchange Commission (SEC) has charged three individuals from Nigeria with orchestrating an elaborate online fraud scheme, stealing the identities of licensed financial advisors and investment advisers to defraud retail investors of over $2.9 million.
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Jefferies Financial Group Terminates Employment of Miami Team for Alleged Misconduct

January 14th, 2025 at 2:36 PM
According to Form U-5 filings, Jefferies Financial Group recently terminated a group of Miami-based wealth advisors allegedly after uncovering improper money transfers and attempts to conceal the activity through off-channel communications. The firm dismissed Marcelo Poliak, Rodrigo Soto, Guillermo Guerra, Pablo Gherardi, and four other team members over “impermissible money-wire transfers” and “deleted” communications.
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Former Merrill Lynch Executives Launch Indivisible Partners, a New Independent Advisory Firm

January 13th, 2025 at 3:11 PM
John W. Thiel, the former head of Merrill Lynch Wealth Management, has announced plans to launch Indivisible Partners, an independent registered investment advisory (RIA) firm, in early 2025.   
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FINRA Arbitration Panel Clears Advisor's Record of Defamatory Allegations

January 10th, 2025 at 2:14 PM
A FINRA arbitration panel has ruled in favor of Mary J. Howard, a former RBC Wealth Management advisor, allowing her to expunge defamatory allegations from her Form U-5 termination record.
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Former Advisor Faces Lawsuit Over Mishandling of Premium-Financed Life Insurance Plan

January 9th, 2025 at 2:32 PM
Joshua L. Gottlieb, barred by FINRA in 2017, faces a lawsuit alleging significant financial harm to a client following the sale of a premium-financed indexed universal life (IUL) insurance program. 
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Merrill Lynch Agrees to $4.9 Million Settlement in Overtime Pay Dispute

January 8th, 2025 at 2:03 PM
Merrill Lynch will pay $4.9 million to resolve a class action lawsuit filed by current and former salaried Financial Solutions Advisors (FSAs) who alleged the firm wrongfully denied them overtime pay. As reported by AdvisorHub, a Florida state judge recently approved the settlement, which will compensate eligible FSAs who worked at the firm over the past three years.
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Former Morgan Stanley Advisor Sanctioned for Undisclosed Hotel Business

January 7th, 2025 at 4:20 PM
FINRA has fined Chris S. Stocks, a former Morgan Stanley advisor, $10,000 and suspended him for 30 days for failing to disclose his involvement in a hotel business. 
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JPMorgan Fined $1.8 Million by Singapore Regulator for Misconduct in Bond Transactions

January 6th, 2025 at 12:11 PM
The Monetary Authority of Singapore (MAS) fined JPMorgan Chase & Co. $1.8 million for failing to prevent and detect misconduct by its relationship managers during 24 over-the-counter (OTC) bond transactions between November 2018 and September 2019.
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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.