Registered Reps

FINRA Moves Forward On Controversial Fund/Advisor Revenue-Sharing Disclosure

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by ScottMartin     May 13, 2011      0.0 (0) Years after initially proposing a rule that mandates centralized public disclosure of all mutual fund revenue-sharing arrangements, FINRA has filed the paperwork to make it happen.

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UBS Pays $160 Million In Muni Bond Charges

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by ScottMartin     May 05, 2011      0.0 (0) To settle far-reaching charges that it "rigged" the muni bond investment process, UBS has agreed to pay $160 million.

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St. Louis Reps Plead Guilty In $5 Million Client Fraud Scheme

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by ScottMartin     May 03, 2011      0.0 (0) A 32-year-old rep in St. Louis and an associate have confessed to using $5 million in client funds to pay various business and personal costs.

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Summit Investigates Former Affiliate For Potential Embezzlement

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by ScottMartin     April 25, 2011      0.0 (0) A rep who worked with Summit Brokerage Services for about four years has been let go pending the results of a probe into his client dealings.

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SEC Cracks Down On $7 Million Alleged Ponzi Scheme

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by ScottMartin     April 19, 2011      0.0 (0) Another sad report of advisors allegedly using new clients' savings to pay their own expenses. If the SEC's claims in this one are true, it's especially grotesque.

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