Why Clients Fire Financial Advisors: Clients leave for many reasons, but many can be headed off with some advance planning, columnist Bryce Sanders writes. The Securities Law Blog is a service of SECLaw.com, and Mark Astarita, a national securities lawyer with the law firm of Sallah Astarita & Cox, LLC
Author: Mark J. Astarita
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers
Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers: The transactions forced clients to pay millions of dollars in needless fees, according to FINRA. A UIT is an investment company that offers investors shares, or “units,” in a fixed portfolio of securities in a one-time public offering that terminates […]
Robinhood Fined $70 Million
FINRA fines Robinhood and orders it to pay its customers 12.6 million dollars
Amec Foster Wheeler Fined $22 Million for FCPA Violations
As the Securities and Exchange Commission announced charges against Amec Foster Wheeler Limited (Foster Wheeler) for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme that took place in Brazil, the company has agreed to pay more than $43 million related to this scheme, including […]
SEC Awards More Than $1 Million to Whistleblower
The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions. The whistleblower provided SEC staff with valuable… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox at […]
New SEC Public Service Campaign: Investing Regularly Really Adds Up
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today unveiled a public service campaign (PSC) to educate investors on the benefits of investing and encourage them to use the free financial planning tools… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
SEC Charges ICO Issuer and CEO With Fraud and Unregistered Securities Offering
The Securities and Exchange Commission today announced settled charges against Loci Inc. and its CEO John Wise for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.… Read the Full Press Release Have a securities law question? Call Sallah Astarita & Cox […]
SEC Obtains Asset Freeze Against Offshore Fund and Its Operators
The Securities and Exchange Commission today announced that it has filed an emergency action charging an offshore fund and two individuals with engaging in a fraudulent scheme, and obtained an asset freeze to safeguard remaining investor funds at risk of… Read the Full Press Release Have a securities law question? […]
SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million
The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings. In the first order, the SEC awarded a whistleblower nearly $4 million for… Read the Full Press Release Have a securities law question? Call Sallah Astarita & […]
Morgan Stanley Forcing You Back to the Office?
Maybe it is time to transition or to go independent. Call the broker transition lawyers at Sallah Astarita & Cox for a free consultation. 212-509-6544 The Securities Law Blog is a service of SECLaw.com, and Mark Astarita, a national securities lawyer with the law firm of Sallah Astarita & Cox, […]
