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…

SEC Adopts Regulation Best Interest and Other Reforms Aimed at Protecting Retail Investors

Last week, the Securities and Exchange Commission passed a package of regulations aimed at reforming standards for brokers and financial advisors providing investment advice. According to the SEC, the…

Brokerage Firms May Be Responsible for Selling GPB Capital Funds

GPB Capital Holdings, an alternative asset management firm based in New York, is the subject of investigations by FINRA, U.S. Securities and Exchange Commission (SEC), and state regulators. GPB Capita…

Filing a Claim Against a Stockbroker or Financial Advisor

Stockbrokers (or ‘Brokers’) can be trusted competent professionals upon whom their clients can rely to safeguard their investments. Unfortunately, even smart and competent stockbrokers and finan…

What Does a Securities Lawyer Do and Do I Need One?

If you have heard the terms “investment lawyer” or “securities attorney” but are not sure of what they mean, you are not alone. The world of securities law is complex and can be confusing. W…

Investor Choice Act of 2019 and Legislative Proposals

On April 3, 2019, the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, part of the House Committee on Financial Services, held a hearing entitled: Putting Investors First: Re…

Maryland Fiduciary Rule

Legislation proposed in the Maryland Senate, Senate Bill 786 – Financial Consumer Protection Act of 2019, contains a controversial fiduciary rule which defines certain investment professionals a…

Citigroup Fined for Inadequate Background Checks

Selling Away

Excessive Trading (Churning)

Merrill Lynch pays $40 to Settle Churning Claim

SEC Adopts Regulation Best Interest and Other Reforms Aimed at Protecting Retail Investors

Brokerage Firms May Be Responsible for Selling GPB Capital Funds

Filing a Claim Against a Stockbroker or Financial Advisor

What Does a Securities Lawyer Do and Do I Need One?

Investor Choice Act of 2019 and Legislative Proposals

Maryland Fiduciary Rule

Legislation proposed in the Maryland Senate, Senate Bill 786 – Financial Consumer Protection Act of 2019, contains a controversial fiduciary rule which defines certain investment professionals a…

Costello Law Group Professional Malpractice

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Baltimore Securities & Estate Planning Law Blog

Citigroup Fined for Inadequate Background Checks

Selling Away

Excessive Trading (Churning)

Merrill Lynch pays $40 to Settle Churning Claim

SEC Adopts Regulation Best Interest and Other Reforms Aimed at Protecting Retail Investors

Brokerage Firms May Be Responsible for Selling GPB Capital Funds

Filing a Claim Against a Stockbroker or Financial Advisor

What Does a Securities Lawyer Do and Do I Need One?

Investor Choice Act of 2019 and Legislative Proposals

Maryland Fiduciary Rule

Citigroup Fined for Inadequate Background Checks

Selling Away

Excessive Trading (Churning)

Merrill Lynch pays $40 to Settle Churning Claim

SEC Adopts Regulation Best Interest and Other Reforms Aimed at Protecting Retail Investors

Brokerage Firms May Be Responsible for Selling GPB Capital Funds

Filing a Claim Against a Stockbroker or Financial Advisor

What Does a Securities Lawyer Do and Do I Need One?

Investor Choice Act of 2019 and Legislative Proposals

Maryland Fiduciary Rule

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