The latest regulatory, disciplinary and criminal actions.
Sandy Galuppo, already fired by Merrill, agrees to one-year industry suspension and $10,000 fine, illustrating growing employer and regulatory scrutiny of ethical lapses.
Finra arbitrator says money owed on forgivable loans that became due when Barry Connell was fired for stealing from customers.
The Thundering Herd’s former top Indiana producer also agrees to pay $5 million in civil penalties for defrauding customers by charging excessive commissions.
Regulator gives broker seven-month time out for failing to fully disclose his involvement in outside betting companies.
Former high-producing Minnesota broker is serving 50 months for bank fraud in which he repeatedly used his Merrill account as collateral.
H. Beck’s James Dresselaers agrees to pay $29,000 in fines and commission disgorgement for sales to a pro athlete customer who appears to have previously received a $1.5 million settlement.
Los Angeles appeal panel says ex-JPMorgan broker can’t discharge $750,000 signing bonus owed to the bank.
A rising stock market stimulates fewer customer complaints while Finra penalties in first half of year fall 70%.
Registered rep who was discharged for allegedly putting a no-show on a list of event attendees refused to cooperate with regulatory follow-up.
Ameriprise asked panel to hold broker liable for damages in case brought by a former client.