The latest regulatory, disciplinary and criminal actions.
Gary Padussis, who earlier won $933,000 from UBS in a controversial arbitration decision, loses bid seeking punitive and legal damages and ethical education for colleague.
Finra panel tosses complaint that advisor’s management of Nashville ophthalmologists’ pension plan and personal investments—too much cash, too much gold—cost them millions but declines to expunge the complaint.
Finra suspends former Morgan Stanley employee who allegedly wired money based on a fraudster’s e-mailed requests.
Broker who was discharged from Merrill in 2015 purchased IPOs without written authorization from clients, Finra said.
William Tirrell, Merrill’s former regulatory reporting boss, slapped on wrist with cease-and-desist by administrative judge despite agency’s holding him responsible for major segregated-fund sanction against firm.
Florida broker resolved a client’s complaint about commissions by writing a check from his own account, the regulator said.
The Securities and Exchange Commission penalizes barred wirehouse broker Aaron Parthemer and imposes new bar on his former partner for their $5 million fraud.
Regulator issues fines for a broken-windows rule infraction and a failure to participate in investigation of more serious charges.
Investment advisor allegedly created fake account statements and impersonated a Schwab broker, the regulator said Tuesday.
New Jersey advisor leveraged tips from a friend who worked at BofA to make more than $880,000, primarily for customers, prosecutors say.