NEXT Financial Group Inc. Charged with Supervisory Failures in Connection with Structured Investment Products

Cleveland stockbroker fraud lawyer

NEXT Financial Group Inc., a general securities broker-dealer headquartered in Houston, Texas, had a deficient supervisory system and written procedures related to structured products it offered and sold to its customers, according to charges by the Financial Industry Regulatory Authority. The Peiffer Wolf law firm’s securities practice attorneys Jason Kane and Joe Peiffer are investigating… Read more »

Garden State Securities Accused of Violating Several Regulatory Rules

New Orleans investment fraud attorney

Garden State Securities, Inc. violated a number of regulatory rules designed to protect investors, according to a complaint issued by the Financial Industry Regulatory Authority’s (“FINRA”) Department of Enforcement. The Peiffer Wolf securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter. Garden State Securities Allegedly Failed to Report Significant Events to FINRA… Read more »

Harlan Kleiman Fined and Suspended from Securities Industry in Connection with Sale of Amazon 13-30 Interests

Rochester stockbroker fraud attorney

Harlan Kleiman, formerly associated with Shoreline Pacific LLC, was sanctioned by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that Kleiman failed in his supervisory duties. The Peiffer Wolf securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter. Shoreline Agrees to Place Amazon Exploration Securities Shoreline executed an engagement agreement with… Read more »

Range Global Sanctioned by Securities Regulators for Allegedly Failing to Supervise its Representatives’ Sales of Interests in Energy Global Partners

investment fraud attorney Cleveland

Range Global LLC, formerly known as Navpoint, LLC, was sanctioned by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that it failed to supervise the outside securities activity of two of its registered representatives. Range Global Allowed Its Representatives to Raise Funds for Energy Global Partners Range Global was notified by two of its… Read more »

Credit Suisse Securities Sanctioned After Being Accused of Reporting Violations

Ponzi scheme attorneys

Credit Suisse Securities (USA) LLC was fined and censured by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that Credit Suisse failed to timely report orders and transmitted reports that contained inaccurate, incomplete, or improperly formatted data. FINRA’s Department of Market Regulation had staff members review Credit Suisse Securities’ compliance with FINRA rules applicable… Read more »

B.C. Ziegler and Company Fined and Censured Relating to Sales of Church Bonds

Rochester stockbroker fraud attorney

B.C. Ziegler and Company, a full service brokerage firm headquartered in Chicago, Illinois, was sanctioned by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that it failed to implement a supervisory system related to the sale of Church Bonds and that it used Church Bond sales material that was not fair and balanced. B.C…. Read more »

Merrill Lynch Accused of Overcharging Customers and Fined $8 Million

Cleveland stockbroker fraud lawyer

Merrill Lynch was fined $8 million by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that Merrill Lynch overcharged its customers at various times between January 2002 and December 2011. Merrill Lynch failed to have an adequate supervisory system to ensure that customers in certain advisory programs were billed in accordance with contract and… Read more »

Transamerica Financial Advisors Sanctioned after Allegedly Failing to Apply Offered Discounts

Transamerica Financial Advisors was censured and ordered to pay a $553,624 penalty by the Securities and Exchange Commission (“SEC”) in connection with claims Transamerica failed to apply advisory fee discounts to certain retail clients in several of its advisory fee programs. Transamerica offered clients in several of its advisory fee programs breakpoint discounts that reduce… Read more »

Michael Chatwin Sanctioned by Securities Regulators for Allegedly Failing to Conduct Suitability Reviews

Michael Chatwin was suspended from the securities industry for three months and fined $5,000 by the Financial Industry Regulatory Authority (“FINRA”) in connection with claims that he failed to conduct suitability reviews for investors. Chatwin was SCIUS Securities LLC’s Compliance Officer and sole General Securities Principal from around May 2007 through April 2012. One of… Read more »

Merriman Capital Sanctioned By Securities Regulators In Connection With Its Written Supervisory Procedures

Merriman Capital, Inc. was sanctioned by securities regulators in connection with claims that it failed to establish, maintain, and enforce written supervisory procedures. Merriman Capital was censured, fined $120,000, and forced to retain an independent consultant and revise its written supervisory procedures by the Financial Industry Regulatory Authority (FINRA). Merriman Capital failed to maintain written… Read more »