Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
In a complaint filed Thursday, Attorney General Xavier Becerra's office said 'AwesomeCalls' gave out stock tips for years to members without being registered at the state or federal level.
FINRA-regulated firms say the industry is prepared to conduct proper supervision virtually on a permanent basis after the pandemic ends; state securities regulators and others worry about what could slip through the cracks without physical...
Steven Pagartanis was sentenced to more than 14 years in prison for his role in the scheme, according to the Justice Department. FINRA had previously barred the Long Island–based advisor from the industry.
Last November, James Booth was sentenced to 42 months in prison for conducting a Ponzi-like scheme on investors and was ordered to pay nearly $5 million.
The regulatory agency claimed Scott Wayne Reed failed to get approval from Wells Fargo when soliciting clients to invest in a software company he himself was invested in.