Registered Reps

Merrill Lynch Discrimination Suit Gets Class Action Status

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by ScottMartin     February 27, 2012      0.0 (0) Brokers who claim Merrill Lynch steered them into less lucrative practices now have formal clearance to combine their interests in a class action suit.

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California Advisor Stole $3 Million From Clients, SEC Alleges

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by ScottMartin     February 22, 2012      0.0 (0) Modern Ponzi schemes normally create at least the illusion that there's a unique investment product to tempt victims. However, there are always exceptions.

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Merrill Lynch Fined $1.4 Million For Sale Of "Worthless" Securities

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by ScottMartin     February 07, 2012      0.0 (0) Timing is everything. Merrill Lynch has been ordered to pay an investor $1.4 million to replace securities that may -- or may not -- have already been worthless by the time they were sold.

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FINRA's Annual Regulatory And Examination Priorities Are Helpful To RIAs As Well As BDs And Their Registered Reps

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by ScottMartin     February 06, 2012      0.0 (0) FINRA, in its annual letter to broker-dealers listing regulatory and examnation priorities, says private placements and enhanced-yield products, remain top concerns, but the list does not stop there.  "Yield chasing," especially if it drives advisors into illiquid assets unable to support investor cash flow needs, along wi

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National Broker-Dealer Fined For Failing To Catch $8 Million Ponzi Rep

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by ScottMartin     February 01, 2012      0.0 (0) The SEC has chastised national brokerage firm 1st Discount and its former compliance supervisor for missing the warning signs of a rogue representative running a Ponzi scheme over most of the last decade.

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