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Federal Judge Approves $91.3 Million in GWG Holdings Bankruptcy Settlements

July 21st, 2025 at 9:22 AM
A federal bankruptcy judge in Houston has approved $91.3 million in settlements from several professional firms, company founders, and former executives tied to the collapse of GWG Holdings Inc.
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Former LPL Advisor Suspended for Beneficiary Designation Violations

July 17th, 2025 at 1:46 PM
A former LPL Financial advisor has agreed to an eight-month suspension and a $5,000 fine after the Financial Industry Regulatory Authority (FINRA) found he improperly named his immediate family members as beneficiaries on a client’s accounts without firm approval.
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Former CFA Institute Executive Charged in $5 Million Embezzlement Scheme

July 16th, 2025 at 11:05 AM
Michael J. Collins, the former chief marketing officer of the CFA Institute, has been accused of embezzling nearly $5 million from the financial education organization through a long-running fraud scheme designed to fund a lavish personal lifestyle.
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Former Advisor Sues Prime Capital Again Over Unpaid Equity Redemption

July 15th, 2025 at 2:07 PM
A former San Diego-based advisor has filed a second lawsuit against Prime Capital Financial, alleging breach of contract after the firm failed to honor agreed-upon terms related to his equity buyout.
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Wisconsin Man Charged in $15.8 Million Ponzi Scheme Disguised as Investment Advisory Business

July 14th, 2025 at 11:40 AM
Federal authorities have charged a Wisconsin man with orchestrating a multimillion-dollar Ponzi scheme that defrauded more than 120 investors over six years.
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FINRA Advances Proposal to Allow Limited Use of Performance Projections

July 11th, 2025 at 2:17 PM
The Financial Industry Regulatory Authority (“FINRA”) is moving forward with a proposal that would give broker-dealers limited ability to market performance projections and targeted returns under specific conditions.
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SEC Permanently Bars Brite Advisors USA Over Custody Rule Violations and Undisclosed Conflicts

July 10th, 2025 at 2:08 PM
The SEC has permanently barred Brite Advisors USA from operating as an investment adviser, citing serious custody rule violations and undisclosed conflicts of interest tied to its offshore affiliate, as reported by Financial Advisor News.
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UBS Confirms Data Breach After Cyberattack on External Vendor

July 9th, 2025 at 2:43 PM
UBS Group AG has confirmed that a cyberattack on one of its third-party suppliers resulted in stolen company information, though no client data was compromised.
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Veteran Advisors Challenge Focus Financial Overbroad Non-Competes in Federal Court

July 8th, 2025 at 3:48 PM
Two former advisors from Edge Capital Group have filed a federal lawsuit challenging what they describe as excessively restrictive employment agreements following their departure amid a major merger.
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Maryland Bars Financial Advisor Over Excessive Fees and Unsuitable Investments

July 7th, 2025 at 12:03 PM
The Maryland Securities Commissioner has barred financial advisor Timothy Pickett and his firm, Blue Anchor Capital Management, from operating in the securities industry within the state.
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LATEST NEWS AND ARTICLES

September 16, 2025
Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Two former Morgan Stanley advisors in Hackensack, New Jersey have defeated Morgan Stanley’s initial effort to block them from soliciting clients, according to an August 15 order from New Jersey Superior Court.

September 15, 2025
California Young-Gun Investor Charged in Alleged $6 Million Ponzi Scheme

Federal prosecutors have accused Mihir Deepak Sukthankar, a California resident once celebrated as a teenage trading “prodigy,” of orchestrating a multi-million-dollar Ponzi scheme.

September 12, 2025
LPL Broker Fined and Suspended for Recommending Risky Investments to Elderly Client

An LPL Financial broker in Elizabethtown, Kentucky, has agreed to sanctions after FINRA found he violated Regulation Best Interest (Reg BI) when recommending unsuitable investments to an elderly customer.