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SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

September 30th, 2025 at 3:06 PM
The Securities and Exchange Commission (SEC) has censured and fined Vanguard Advisers $19.5 million, alleging the firm failed to properly disclose financial incentives tied to its Personal Advisor Services (PAS) program.
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SEC Unveils Ambitious Regulatory Agenda

September 29th, 2025 at 3:03 PM
The Securities and Exchange Commission (SEC) has released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, signaling a sweeping shift in rulemaking priorities.
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SEC and DOJ Target $770 Million Prestige Funds Ponzi Scheme

September 26th, 2025 at 11:31 AM
Federal regulators say thousands of investors may have lost money in what they allege was a massive Ponzi scheme tied to the Prestige Funds and WF Velocity Funds.
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FINRA Suspends Spartan Capital Broker for Excessive Trading Violations

September 25th, 2025 at 3:53 PM
The Financial Industry Regulatory Authority (FINRA) has suspended Joseph Kelly, a broker at Spartan Capital Securities, for nine months and ordered him to pay a $10,000 fine and $69,830 in restitution.
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How New CCOs Can Navigate Today's Compliance Challenges

September 24th, 2025 at 2:15 PM
The role of the chief compliance officer (CCO) has never carried more weight or more complexity, according to Wealth Management.
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SEC Sanctions Emerson Equity and Advisor Over GWG L Bond Sales

September 23rd, 2025 at 3:16 PM
The Securities and Exchange Commission (SEC) has announced settlements with Emerson Equity and one of its registered representatives, citing violations of Regulation Best Interest (Reg BI) tied to the sale of GWG Holdings Inc. L bonds.
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Investors Pursue Recovery Amid Inspired Healthcare Capital Difficulties

September 22nd, 2025 at 2:00 PM
Investors in Inspired Healthcare Capital (IHC) face mounting losses after the firm suspended distributions and halted new offerings in July 2025 amid an ongoing SEC review.
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Financial Advisors Split on AI Adoption

September 19th, 2025 at 2:19 PM
Artificial Intelligence (AI) continues to dominate headlines, promising sweeping efficiencies in nearly every industry. Financial Planning reports that financial advisors remain divided on its role and value.
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Easterly ROCMuni Fund Collapse Triggers Investor Lawsuits

September 18th, 2025 at 2:24 PM
The Easterly ROCMuni High Income Municipal Bond Fund (tickers RMHIX, RMHVX, RMJAX) suffered a significant collapse in mid-2025, wiping out hundreds of millions in value and leaving many investors with steep losses.
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FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

September 17th, 2025 at 2:02 PM
FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.
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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.