Last month, Michael Barry Carter (CRD 3232017) plead guilty in a federal court in Maryland to a six million fraud. Carter was a financial advisor...
Securities
SEC Gets $2.8M Judgment in Ponzi Scheme Case
Last week, the SEC obtained judgments against two men who operated a multi-million dollar Ponzi scheme. The SEC filed a complaint against Neil...
FINRA SANCTIONS FORMER APPRENTICE CONTESTANT
Last week, FINRA sanctioned Mark Lamkin, a financial advisor based in Louisville, Kentucky and a former contestant on the reality television show...
An Overview of Maryland’s New Elective Share Statute
Last fall, the Maryland legislature passed House Bill 99. The bill changed a surviving spouse’s elective share of the deceased spouse’s estate. In...
Wife of Towson Ponzi Scheme Conspirator Receives Harsh Sentence
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FINRA Awards Former MLB Outfielder $1.7 Million
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SEC Fines MetLife $10 Million
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Maryland Court Upholds Sanctions Against “Money Guys” Adviser
Earlier this month, the Maryland Court of Special Appeals upheld sanctions imposed against Philip Rousseaux. Rousseaux is a former financial...
Raymond James’ Customers Awarded $3.2 Million
A FINRA arbitration panel ordered Raymond James & Associates, Inc. to pay $3.2 million in damages to customers for unauthorized and reckless...
GPB Capital Officer Charged with Stealing Information from SEC
The Department of Justice has charged Michael Cohn, former Chief Compliance Officer of GPB Capital Holdings, for stealing information related to an...