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Search Results: failure to supervise
Results 50-60 of about 139
Date: March 23, 2017
He alleged failure to supervise, breach of fiduciary duty, and negligence. InvestmentNews reports that in an interview this week, Santagati accused Bennett of taking advantage of his lack of understanding about “financial details.”
Date: December 26, 2016
Morrisa Schiffman accused the broker-dealer of making unsuitable recommendations to her, as well as of inadequate supervision and disclosure failures. Her FINRA Panel ultimately agreed. Merrill Lynch was ordered to pay $780,000 in restitution to customers who invested in Puerto ...
Date: December 7, 2016
Secretary of the Commonwealth of Massachusetts William Galvin has filed charges against LPL Financial (LPLA) for its alleged failure to supervise one of its brokers. Roger Zullo is accused of bilking clients for years by selling variable annuities to retirees ...
Date: December 1, 2016
The Financial Industry Regulatory Authority (“FINRA”) has fined Merrill Lynch, Pierce, Fenner & Smith Inc (“Merrill Lynch”) $6.25 million and imposed a restitution penalty of $780,000 over Merrill Lynch’s inadequate supervision of its customers that employed leverage in brokerage accounts, ...
Date: November 21, 2016
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 ...
Date: October 10, 2016
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 ...
Date: August 29, 2016
FINRA contends that supervisory failures is what allowed Caldwell International Securities’ brokers to allegedly engage in churning. This involves a trader taking part in excessive trading to make the most in commissions possible.
Date: August 19, 2016
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 ...
Date: June 29, 2016
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.
Date: March 8, 2016
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 ...
