Compliance Archives - Page 4 of 4

Finra alleges a southern California broker kicked back $900,000 in commissions to non-registered sales person.

"It's not a good day for Austin Dutton," says one attorney.

Some broker-dealers are 'in a bit of a pickle' due to how they invested client cash, industry executive says.

'Who were the accountants? Lending securities can be lucrative,' a compliance executive says.

Traders continue sharing information using unauthorized messaging platforms.

The securities industry has a long, sad history of firms going out of business after a product like GWG bonds fails.

Jim McHale is the new chief compliance officer at LPL Financial.

'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.

'The brokers are besides themselves, especially the independent brokers,' one source says.

Titan Securities is already among the departed. It's not footing the bill for its own funeral.

"We don’t agree with the decision but, with Finra arbitration, there is no appeal," says William H. McCance, president of Ages Financial Services.

Safeguard Metals allegedly steered retirees who cashed out of IRAs toward high-markup silver coins

Wealth management titan charged with failing to accurately describe investments.

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