News & Updates

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SEC Sanctions One Oak Capital and Advisor for Improper Conversions to Fe...

The Securities and Exchange Commission (SEC) has penalized a New York-based registered investment adviser and its veteran adviser for converting...

Arbitration Panel Orders Morgan Stanley to Pay $843,000 for Failing to P...

A FINRA arbitration panel has ordered Morgan Stanley to pay $843,000 in compensatory damages to a senior client residing in Florida for failing ...

Sharp Drop in FINRA Expungement Requests as New Rules Take Effect

The number of brokers seeking to expunge customer complaints and other disclosures from their public records through FINRA’s arbitration f...

FINRA Highlights Risks of Investing Home Equity Loan Proceeds

FINRA issued a reminder to financial advisors to carefully consider customers’ time horizons and risk tolerance, particularly when recomme...

Wells Fargo to Strengthen Financial Crimes Risk Management Amid Regulato...

Wells Fargo has agreed with U.S. banking regulators to enhance its financial crime risk management practices, including tightening controls over...

Financial Advisor Accepts Suspension and Fine for Misrepresenting Contin...

A financial advisor affiliated with Equity Services Inc. (ESI) has agreed to a one-month suspension and a $5,000 fine after the Financial Indust...

Vanguard Settles SEC Allegations Over Misleading Statements on Tax Impli...

Vanguard Group has agreed to pay over $106 million to settle allegations by the U.S. Securities and Exchange Commission (SEC) that it misled ret...

Former Rubicon Wealth Management President Pleads Guilty to Fraud Charges

Scott Mason, former president of Rubicon Wealth Management, pleaded guilty to multiple fraud charges after federal prosecutors accused him of mi...

FINRA Highlights Compliance Priorities for 2025

The Financial Industry Regulatory Authority (FINRA) has released its annual regulatory oversight report, emphasizing key compliance concerns for...

Regulatory Spotlight on AI in Financial Advising: Risks, Opportunities, ...

Artificial intelligence (AI) tools, including large language models (LLMs), present both promising opportunities and notable risks for financial...

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FINRA Fines Robinhood $26 Million for Compliance Failures

According to Barron’s, FINRA has fined Robinhood Financial and Robinhood Securities $26 million for multiple rule violations, inc...

Former Edward Jones Advisor Barred After Refusing to Cooperate with FINR...

A former Edward Jones advisor, James A. Bowman, has accepted an industry bar rather than cooperate with a Financial Industry Regulatory Authorit...

Pennsylvania Investor Sues Captrust Over $360,000 Phishing Scam Loss

A Pennsylvania investor has filed suit against Captrust Financial Advisors, alleging the firm failed to act swiftly in stopping a scam that drai...

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