Bond Markups

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 […]
Nov 10th, 2016

Investors Capital Corp. in Trouble. Again.

The bad news for Investors Capital Corp., an independent brokerage firm, just keeps coming. Recently one of its financial advisors, Cyrus Lamont Hancock of Marietta, Georgia, […]
Sep 28th, 2015

Edward Jones Makes Millions Overcharging Investors For Municipal Bonds

According to a recent SEC order, Edward Jones has been overcharging for municipal bonds, pocketing an extra $4.5 million as a result of its willful securities […]
Sep 4th, 2015

High Markup Corporate Bonds Make Big Money for Source Capital Group, but Not Clients

Source Capital Group, Inc. was recently fined and censured by the Financial Industry Regulatory Authority, or FINRA, for selling corporate bonds to customers at an unfair, […]
Jun 25th, 2015

Purshe Kaplan Sterling Financial Advisor Charges Clients Double

Mr. Larry Phillips of Purshe Kaplan Sterling Investments and Phillips Group Advisors was recently fined for double-charging clients. Mr. Philips purchased notes, certificates of deposit, and […]
May 27th, 2015

Houston Broker-Dealer Sells Foreign Bonds with Shockingly High Markups

FINRA issued Monex Securities, Inc. (Monex or the Firm), a broker-dealer in Houston, Texas, a hefty fine for charging excessive markups on foreign bonds, generating additional […]
May 22nd, 2015

Brokerage Firm In Orange, California Fined $190,000 For Selling Overpriced Bonds

B.B. Graham & Company, Inc. has been fined $190,000 after it sold corporate bonds to customers at an unfair price. The company neglected to consider relevant […]
Apr 23rd, 2015

Little Rock Broker-Dealer Sells Bonds with Outrageous Markups

R.M. Duncan Securities, Inc. (“DCAN” or the “Firm”) of Little Rock, Arkansas allegedly charged excessive markups on defaulted municipal bonds, generating additional income for the Firm […]
Apr 21st, 2015

Atlanta Broker-Dealer Pays for Charging Customers Excessive Markups on Corporate Bonds

IFS Securities, Inc. (“IFS Securities” or the “firm”) of Atlanta, Georgia was censured and fined for selling corporate bonds to its customers with unreasonable markups given […]
Apr 20th, 2015

J.W. Korth & Company’s Excessive Bond Markups Reduce Investor Returns

J.W. Korth & Company, Inc. (“J.W. Korth” or the “Firm”) of Lansing, Michigan allegedly charged excessive markups on municipal bond transactions, generating additional revenue for the […]