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 adviser based in Towson, Maryland who is known for his …

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 securities trading. The claimants are 29 clients of for…

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 SEC investigation. The U.S. Attorney’s Office for …

States Sue SEC Over Best Interest Rule

states sue securities exchange commission

Last month, attorneys general from seven states filed suit against the Securities Exchange Commission challenging Regulation Best Interest, better known as “the Best Interest Rule” or “Reg BI”…

Philadelphia Investment Manager Arrested

Earlier this fall, the U.S. Securities and Exchange Commission (“SEC”) brought charges against Brenda Smith, a Philadelphia based investment adviser who allegedly ran a $105 million securities fra…

Stifel Nicolaus Customers Awarded $1.5 Million

A FINRA arbitration panel ordered Stifel, Nicolaus & Company, Inc. to pay more than $1.5 million in damages for failing to properly supervise a Baltimore based financial advisor. Three customers o…

Citigroup Fined for Inadequate Background Checks

The Financial Industry Regulatory Authority (FINRA) has issued a $1.25 million sanction against Citigroup Global Markets (Citigroup) for failing to conduct adequate background checks on personnel. Acc…

Selling Away

One of the most dangerous things a broker can do to an investor is selling away. In layman terms, selling away is a private transaction whereby a broker sells a product that is not offered or approved…

Excessive Trading (Churning)

Excessive trading, also called “churning”, happens when a broker buys and sells a high volume of securities for the purpose of generating commissions in a customer’s account. In doing so, they a…

Merrill Lynch pays $40 to Settle Churning Claim

According to a CNBC report, Merrill Lynch has paid $40 million to settle a customer complaint against a former Boston area broker named Charles Kenahan. The customer, Robert Levine, was a co-founder…

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 adviser based in Towson, Maryland who is known for his …

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 securities trading. The claimants are 29 clients of for…

GPB Capital Officer Charged with Stealing Information from SEC

States Sue SEC Over Best Interest Rule

Philadelphia Investment Manager Arrested

Stifel Nicolaus Customers Awarded $1.5 Million

A FINRA arbitration panel ordered Stifel, Nicolaus & Company, Inc. to pay more than $1.5 million in damages for failing to properly supervise a Baltimore based financial advisor. Three customers o…

Citigroup Fined for Inadequate Background Checks

Selling Away

Excessive Trading (Churning)

Merrill Lynch pays $40 to Settle Churning Claim

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Baltimore Securities & Estate Planning Law Blog

Maryland Court Upholds Sanctions Against “Money Guys” Adviser

Raymond James’ Customers Awarded $3.2 Million

GPB Capital Officer Charged with Stealing Information from SEC

States Sue SEC Over Best Interest Rule

Philadelphia Investment Manager Arrested

Stifel Nicolaus Customers Awarded $1.5 Million

Citigroup Fined for Inadequate Background Checks

Selling Away

Excessive Trading (Churning)

Merrill Lynch pays $40 to Settle Churning Claim

Maryland Court Upholds Sanctions Against “Money Guys” Adviser

Raymond James’ Customers Awarded $3.2 Million

GPB Capital Officer Charged with Stealing Information from SEC

States Sue SEC Over Best Interest Rule

Philadelphia Investment Manager Arrested

Stifel Nicolaus Customers Awarded $1.5 Million

Citigroup Fined for Inadequate Background Checks

Selling Away

Excessive Trading (Churning)

Merrill Lynch pays $40 to Settle Churning Claim

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