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Blogs

B-D to pay $2M to clients over Provident Royalties private placements

The following story appeared in Investment News on November 28, 2011: Next Financial Group to settle Finra claim that due diligence was lacking Next Financial...

FINRA Sanctions Eight Firms and 10 Individuals for Selling Interests in Troubled Private Placements, Including Medical Capital, Provident Royalties and DBSI, Without Conducting a Reasonable Investigation

More than $3.2 Million in Restitution Ordered to Affected Customers The Financial Industry Regulatory Authority ("FINRA") announced today that it has sanctioned an additional eight...

FINRA Fines Wells Investment Securities $300,000 for Use of Misleading Marketing Materials for REIT Offering

The Financial Industry Regulatory Authority ("FINRA") announced last week that it has fined Wells Investment Securities, Inc. $300,000 for using misleading marketing materials in the sale of...

The Securities Arbitration Law Firm of KlaymanToskes Files What Is Believed To Be The First FINRA Arbitration Claim Against LPL Financial To Recover Losses Sustained in LaeRoc Funds

The Securities Arbitration Law Firm of KlaymanToskes (http://www.recoverlaerocfundlosses.com) announced today that it filed a securities arbitration claim against LPL Financial (NasdaqGS: LPLA) (“LPL”) on behalf...

SEC Charges Morgan Stanley Investment Management for Improper Fee Arrangement

The Securities and Exchange Commission today charged Morgan Stanley Investment Management (MSIM) with violating securities laws in a fee arrangement that repeatedly charged a fund...

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