Cape Securities to pay $145k in restitution to settle with FINRA
Cape Securities Inc has agreed to pay restitution of $145,072 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Reg BI
FINRA fines Andes Capital Group for alleged Reg BI violations
Andes Capital Group, LLC has agreed to pay a fine of $25,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
FINRA fines Taglich Brothers for alleged Reg BI violations
Taglich Brothers Inc has agreed to pay a fine of $60,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
FINRA fines Arkadios Capital for alleged Regulation Best Interest violations
Arkadios Capital, LLC has agreed to pay a fine of $25,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
FINRA fines Stirlingshire Investments for alleged Reg BI violations
Stirlingshire Investments has agreed to pay a fine of $40,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
SEC charges First Horizon with Reg BI violations
First Horizon agreed to pay a civil penalty of $325,000 to resolve the SEC’s charges.
SEC seeks entries of default against SW Financial reps for violations of Reg BI, excessive trading
The SEC pushes for entries of default against Michael Blumer, John Kuprianchik, David Page, Steven Thompson, and Joseph Todaro.
FINRA expels Monmouth Capital Management
FINRA announced today that it has expelled Monmouth Capital Management for churning and excessively trading customer accounts.
FINRA expels broker-dealer SW Financial
FINRA finds SW Financial made misrepresentations to customers and violated Reg BI as well as FINRA’s Suitability and Supervision Rules.
Report shows many US broker-dealers cling to risky products despite Reg Best Interest
Many US broker-dealer firms cling to complex, costly, risky products without alerting investors to lower-cost and lower-risk products.
