Registered Reps

Business As Usual Cost Merrill Lynch Advisor A Pro Baseball Client

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by ScottMartin     January 26, 2012      0.0 (0) Doug Mirabelli, formerly of the Boston Red Sox, has won more than $1.2 million in damages and fees from Merrill Lynch related to the way the firm handled his account back in 2008.

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Dead Brokerage Firm Still On The Hook For $9 Million To Former Clients

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by ScottMartin     January 20, 2012      0.0 (0) FINRA is standing firm on its demand that failed broker-dealer CapWest pay $9 million in damages and fees, even though regulators confess that they are "not particularly hopeful."

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Broker Auditor Gets Green Light To Charge Big Players More

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by ScottMartin     January 13, 2012      0.0 (0) It's getting more expensive for the biggest brokerage firms to pay for their channel's supervision, but they won't know for months exactly how big their share of the bill will be.

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Raymond James Pays The Biggest Claim In Its History After Appeal Thrown Out

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by ScottMartin     December 02, 2011      0.0 (0) Huge financial incentives for selling variable annuity products -- "suitable "or not -- have cost Raymond James close to $1.8 million, even though the client ended up making money on the advice.

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SEC, FINRA Repeat Guidance On Branch Office Supervision

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by ScottMartin     December 01, 2011      0.0 (0) Interesting timing on a joint alert from the SEC and FINRA urging broker-dealer firms to inspect their branch offices.

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