Poor Supervision

Jul 4th, 2017

SPECIAL REPORT: Wilson-Davis & Co. Fined for Improper Penny Stock Trades

Wilson-Davis is in trouble again with the Financial Industry Regulatory Authority (FINRA). According to FINRA, Wilson-Davis, which is based in Salt Lake City but also has […]
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 […]
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 13th, 2016

ProEquities Financial Advisors Sold ETFs Without Proper Supervision

If you are having second thoughts about an alternative ETF sold to you by a ProEquities financial advisor, there may be good reasons! ProEquities recently paid […]
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, […]
Nov 11th, 2015

At JP Turner Our Customers Are Number… Two?

JP Turner is once again in the regulatory spotlight, being fined by $45,000 by FINRA for failing to give their clients volume discounts their investors were […]
Sep 23rd, 2015

Transamerica in hot water for sales of non-traded REITs and BDCs

Transamerica Financial was recently fined $85,000 and ordered to pay restitution of over $50,000 to customers for overcharging them on sales of non-traded REITS and BDCs […]
Sep 10th, 2015

Cape Securities’ CCO Michael Lovett Establishes Inadequate Supervisory System That Leads to Wire Transfer Fraud

Michael Allen Lovett of Lawrenceville, Georgia was recently fined $5,000 and suspended for six months, according to Financial Industry Regulatory Authority, or FINRA. Reports detail that […]