Finra Fines B-D $250K Over AML, Microcap Trading Procedures Financial Advisor IQ
Michael Oppenheim
FINRA sanctions compliance officer for AML compliance failures
The Financial Industry Regulatory Authority has ordered a compliance officer to pay $25,000 for failing to establish and implement a “reasonably...
Why You Need an Estate Plan
No one likes to think about their own death, but it's essential to have an estate plan in place so that your loved ones don't have to deal with the...
OZY Media’s Deceptive Misconduct to Secure Investment Funds Backfires
OZY Media is a media and entertainment company launched in September 2013 by Carlos Watson and Samir Rao located in Mountain View, California, with...
Former Morgan Stanley Broker Pleads Guilty to $6M Fraud
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...
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
Last month, Amanda Merrill of Towson, Maryland, the wife of Ponzi scheme conspirator Kevin Merrill, was sentenced to house arrest and six weekends...
FINRA Awards Former MLB Outfielder $1.7 Million
Last week, a FINRA arbitration panel awarded a former professional baseball player, Angel Pagan, and his wife, Windy, $1.7 million in connection...