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Finra tags advisor for sales of GPB alternatives
"It’s frustrating to see Finra charging brokers after the nail is in the coffin of [clients'] portfolios," one attorney says.
Finra smacked 15 firms over GPB sales in 2022
The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
What’s behind the phenomenon of advisers behaving badly?
Greed alone doesn’t explain the appalling acts some advisers commit against their clients.
Swamped by legal costs, broker-dealer files for bankruptcy protection
Atlanta-based Kalos Capital has been crushed by more than $9 million in legal fees and costs related to sales of GPB private placements.
