The failure to apply the appropriate fee waiver discount for mutual fund shares purportedly occurred between 2009 and 2015. Already, Oppenheimer has paid over $6M to settle customer disputes alleging inadequate supervision of Hotton and another $1.25M to 22 customers ...

Texas-Based Brokerage Firm Accused of Inadequate Supervision Involving VA Exchanges The Financial Industry Regulatory Authority is ordering IMS Securities Inc. to pay a $100K fine. The Texas-based brokerage firm is accused of failures related to its monitoring of variable annuity ...

FINRA contends that supervisory failures is what allowed Caldwell International Securities’ brokers to allegedly engage in churning. ... The self-regulatory organization said that the firm’s failures caused fifteen clients to pay over $1M in commissions and fees on investment recommendations ...

Apollo Global Management (APO) has agreed to settle for $52.7M allegations that the firm misled fund investors regarding fees and a loan agreement, as well as failed to supervise a senior partner.

According to the regulator, for five days the firm, which is a provisionally registered Swap Dealer, did not report any swap data for a number of asset classes, turned in untimely and unfinished swap information, failed to supervise the staff ...

Ex-LPL Financial Supervisor Settles with FINRA Peter Neuberg, a former LPL Financial (LPLA) supervisor and broker, will pay a $15K fine and serve a six-month suspension to settle claims accusing him of not reasonably supervising a registered representative. ... The ...

The married couple, who are retirees in their sixties, are accusing the brokerage firm of: · Common law fraud · Negligence · Breach of fiduciary duty · Negligent supervision · Failure to adequately disclose the risks In a phone interview ...

Silipingo, in his claim, asserted a number of causes of action, including common law fraud, breach of fiduciary duty, beach of contract, suitability, churning, failure to supervise, and violations of Rule 10b-5 of the Securities Exchange Act violation and The ...

She accused the firm of making unsuitable recommendations and engaging in negligent supervision and disclose failures.

Wedbush to Pay Trusts, Family Members Over $813,000 A Financial Industry Regulatory Authority Panel says that Wedbush securities and investment advisor Kevin Thomas Scarpelli must jointly and severally pay several investors over $813,000 to resolve allegations of professional negligence and ...