1+ week, 4+ day ago   (503+ words) The SEC barred Christopher Novinger in 2016. It alleges he kept raising money from his own clients anyway - for tax liens never bought. On August 31, the Securities and Exchange Commission sued Novinger, a retirement planner from Burleson, Texas, and David Gilchrist,…...

2+ week, 4+ day ago   (505+ words) A former Fidelity broker in northern Florida Eric J. Stone last week was sentenced by a federal judge in Jacksonville to six years and eight months in federal prison for committing wire fraud and money laundering connected to taking loans from…...

3+ week, 2+ day ago   (595+ words) A one-time independent contractor who never gained status as a registered representative in Missouri for MML Investors Services was federally charged last month with running a Ponzi scheme that fraudulently obtained more than $2 million from at least 24 individual investors through…...

1+ mon, 19+ hour ago   (556+ words) A one-time independent contractor broker who had not worked in the securities industry for almost 20 years was sentenced to two years in prison for defrauding investors out of hundreds of thousands of dollars, according to court filings and a report…...

1+ mon, 5+ day ago   (453+ words) A 24-year-old former registered securities broker was found dead in a swimming pool in New Jersey, weeks after he was alleged to have targeted multiple former NFL players in an e-commerce scheme that left the athletes with more than $1 million…...

1+ mon, 5+ day ago   (478+ words) A three-person FINRA arbitration panel this week decided in favor of UBS Financial Services Inc. a dispute regarding a recruiting bonus with a former financial advisor, who is on the hook for $5.6 million in damages and legal fees to his…...

1+ mon, 6+ day ago   (408+ words) Direxion has launched its Daily SpaceX Bear 2X ETF (Ticker: LOFD) Thursday, as the ETF provider looks to build out its offerings themed around Elon Musk’s space exploration company. The launch of LOFD follows the launch of Direxion’s Daily SpaceX Bull…...

1+ mon, 1+ week ago   (391+ words) Corient, which has built up a strong claim as the world's largest multi-family office and non-bank wealth manager focused on ultra-high-net-worth clients, announced Tuesday that it is adding a New York-based registered investment advisor with more than $21 billion in assets…...

1+ mon, 1+ week ago   (559+ words) Summit Financial, the New Jersey-based registered investment advisor, has added approximately $520 million in client assets through partnerships with two independent advisory firms bringing its total partnership count to 65 and extending its geographic footprint into Georgia and Oregon for the first…...

1+ mon, 1+ week ago   (435+ words) In Palm Beach Gardens, Florida, a seven-person team formerly at UBS has joined RBC Wealth Management under the Focus Wealth Management banner, managing approximately $1.5 billion in client assets. The group, which specializes in wealth transfer and exit planning for business…...