Feb 10th, 2017

Investors Overcharged for Mutual Funds by MassMutual, H.D. Vest & Principal Securities, FINRA Alleges

If you bought mutual funds from H.D. Vest or MassMutual’s brokerage arm, MML Investor Services, you may have been overcharged. The Financial Industry Regulatory Authority (FINRA) […]
Feb 10th, 2017

First Southern Securities Busted for Bad Municipal Bond Sales

Clients of First Southern Securities of Alpharetta, Georgia may have paid too much for their municipal bonds, or get paid too little if they ever sell […]
Feb 9th, 2017

Dougherty & Company Censured for Unauthorized, Unsuitable Trades in Elderly Investors’ Accounts

The Financial Industry Regulatory Authority (FINRA) censured and fined Dougherty & Company after one of its “top producers” allegedly ripped off elderly investors by executing hundreds […]
Feb 8th, 2017

Vanclef Financial Group in Hot Water for Misleading Marketing of Alternative Investments like Non-Traded REITs.

Clients of Vanclef Financial Group might be finding out the hard way that you can lose a lot of money in alternative investments. The Financial Industry […]
Jan 16th, 2017

IFS Securities Financial Advisor Richard Cody Secretly Empties Investors’ Retirement Accounts, SEC Alleges

Imagine that you have woken up every day for eight years enjoying your secure retirement. Then, one day, you learn that the retirement portfolio you thought […]
Nov 18th, 2016

Cambridge Investment Research Customers Who Bought Mutual Funds Charged “Unnecessary” Fees, FINRA Concludes

Mr. Robert (“Bob”) M. Lyons of August, Georgia recently entered into a settlement agreement with the Financial Industry Regulatory Authority for conduct that led to customers […]
Nov 18th, 2016

LPL Supervisor Michael S. Lincoln’s Head in Ground while San Diego Financial Advisor Solicited Investments in Speculative Hawaii Real Estate from LPL Customers

Mr. Michael Lincoln is probably regretting his decision to avoid reporting the outside business activity (OBA) of a financial advisor he was supposed to be supervising, […]
Nov 18th, 2016

IFS Securities Failed to Conduct Proper Due Diligence on PGC, FINRA Finds

  According to settlement papers signed with the Financial Industry Regulatory Authority (FINRA), the Chief Compliance Officer (CCO) for IFS Securities failed to conduct adequate due […]
Nov 18th, 2016

Merrill Lynch Financial Advisor Matthew J. Gorelik Lied About Having a College Degree?

  According to settlement papers signed with the Financial Industry Regulatory Authority (FINRA), Mr. Gorelik, a financial advisor with a long career, has been misrepresenting his […]
Nov 13th, 2016

Sigma Financial Busted for Overcharging Customers on Unit Investment Trusts (UITs)

  Sigma Financial joined a long line of brokerage firms that have gotten in trouble for overcharging customers recently, settling allegations brought by the Financial Industry […]