JACOB GLICK DISCHARGED BY ADVANCED PRACTICE ADVISORS

JACOB GLICK DISCHARGED BY ADVANCED PRACTICE ADVISORS

Law Office of Anthony B. Bingham, P.C. is interested in speaking to investors who have complaints regarding Mr. 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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Churning & Unsuitable Trading Results in FINRA Suspension of Donald Bartelt

Churning & Unsuitable Trading Results in FINRA Suspension of Donald Bartelt

Donald Andrew Bartelt, Cave Creek, Arizona, was suspended by FINRA from November 21, 2016 thru February 20, 2017 for unsuitable trading in customer accounts.  Bartelt was found to be trading for his own benefit, completing excessive and inconsistent trading activity, churning, and disregarding client investment objectives.  See Page...

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$6.2 Million Fine for Supervisory Failures Related to Variable Annuity L-Shares

$6.2 Million Fine for Supervisory Failures Related to Variable Annuity L-Shares

VOYA Financial Advisors, five Cetera Financial Group broker-dealer subsidiaries, Kestra Investment Services, LLC, and FTB Advisors, Inc. were all fined by Financial Industry Regulatory Authority (FINRA) an amount totaling $6.2 million for failure to supervise sales of variable annuities.  Read more here about the...

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