The broker-dealer claims the surveillance entity is burning through money it never should have collected.
Erick M. Ruiz raised millions through merchant cash advance agreements promising 10% monthly returns before federal regulators stepped in.
The California firm invested $160 million in client money to close a deal that benefited itself.
Regulator outlines early use cases for autonomous AI tools, urges governance frameworks while it continues to shape guidance around emerging technology.
Former senior wealth management executive’s accusations target Andy Sieg and an HR department that ‘reeks of institutional misogyny.’
The lawsuit, which also names CEO Jamie Dimon, claims the bank abruptly and unjustly closed long-standing Trump accounts after Jan. 6.
Fund allegedly touted penny stock on Twitter while secretly dumping over a billion shares.
Enforcement staff are calling for sanctions over failures to supervise thousands of trades leading to $2.9 million in costs and $1.2 million in realized losses.
He allegedly guaranteed no losses. His clients lost up to 89% of their money.
Their manuals claimed no violations. Their contracts said otherwise.
Nine-year delay dooms firefighters' attack on how Kenneth Moelis controls his investment bank.
Nineteen shell companies, false FINRA filings, and one costly mistake. Here's what went wrong.
Two trading firms lost over $1B in managed assets. Why they can't sue Wall Street.
Court allows lawsuit to proceed against trustees accused of pocketing redemption proceeds while investors wait.
Sold his stake for $3.4M, then $40M PE deal valued it at $80M. Court splits on director duties.
The industry regulator has sanctioned three broker-dealers in the Cetera network for weak controls around low-priced securities and customer reporting.
The federal regulator's latest notes give compliance teams breathing room on endorsements, while emphasizing its view on the use of actual vs. model fees when presenting portfolio performance.
The alleged spending spree included $85K at Texas strip clubs over just two days
Former insurance agent Dean Vagnozzi claims SEC has dragged his name and reputation through the mud.
The $2.8B buyout unraveled after DOJ documents implicated their longtime business partner.
