Former Investment Advisor Richard Mark Schmerman Sentenced

Former Investment Advisor Richard Mark Schmerman Sentenced

 

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FINRA Sanctions Pending Review for Scottsdale Capital Advisors, John Hurry, Timothy DiBlasi and D Michael Cruz

FINRA Sanctions Pending Review for Scottsdale Capital Advisors, John Hurry, Timothy DiBlasi and D Michael Cruz

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JACOB GLICK DISCHARGED BY ADVANCED PRACTICE ADVISORS

JACOB GLICK DISCHARGED BY ADVANCED PRACTICE ADVISORS

Bingham Law is interested in speaking to investors who have complaints regarding Jacob Glick (CRD# 5046356).

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Ex AZ Investment Advisor, Schmerman, Indicted for Fraud

Ex AZ Investment Advisor, Schmerman, Indicted for Fraud

Arizona grand jury has indicted former investment adviser Richard Schmerman for allegedly misappropriating more than $800k of his clients’ funds.  According to the indictment, Schmerman impersonated clients to gain access to their investment accounts to pay personal...

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Ameriprise Financial Services, Inc. Fined $850K

Ameriprise Financial Services, Inc. Fined $850K

FINRA fined Ameriprise Financial Services, Inc. $850K for failing to supervise the transmission of funds from their customer brokerage accounts.  A Registered Representative converted more than $370K without detection for two years.  The lack of an established supervisory system by Ameriprise led to missed red flags that would have uncovered the misconduct.

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FINRA Proposal Protects Elderly

FINRA Proposal Protects Elderly

FINRA filed a proposed rule with the SEC in an effort to protect elderly investors from financial exploitation.  The proposed rules would 1) require Firms to make a reasonable effort to obtain the name and contact information of a trusted member of an elderly client’s family before authorizing a suspected trade; and 2) permit Firms to place a temporary hold on funds or securities where there’s a reasonable belief of exploitation or fraud.  Read More.  ...

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