Financial Services Get New Social Media Guidelines From FINRA
FINRA has released a new guidance to clarify the responsibilities of financial firms when communicating and advertising through increasingly popular social media methods.
Tag Archives: Financial Advisor
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Merrill Lynch Mutual Fund Charges Draw $100M in Fines, Fees by FINRA
Merrill Lynch will pay out nearly $100 million to make up for overcharging charities and retirement funds for mutual fund sales.
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UBS Class Action Lawsuit Filed Over Puerto Rico Mutual Funds
A class action lawsuit says UBS intentionally tricked older investors into taking out loans to buy into Puerto Rico bond funds that it knew were doomed to fail.
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Puerto Rico Bond Fund Cases to Move Forward, as Arbitrators Found
FINRA has lifted its hold on Puerto Rico bond fund claims, saying it has hired enough arbitrators who are willing to go to Puerto Rico to arbitrate the cases.
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UBS Says Puerto Rico Bonds to be Downgraded to Junk
Expect junk status for Puerto Rico bonds within a month, UBS analysts warn, as the company is targeted by investors who claim they were defrauded by UBS Puerto Rico bonds.
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UBS Puerto Rico Bond Complaint Dismissed by SEC, As Losses Mount
An Administrative law judge has dismissed a complaint against UBS by the SEC over Puerto Rico Municipal Bond Funds.
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Puerto Rico Bond Losses May Lead to Investor Lawsuits Against UBS
UBS and other firms face FINRA arbitration lawsuits over Puerto Rico municipal bond funds, which have lost significant value.
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Schwab Class Action Lawsuit Prohibition Approved by FINRA
In what may be a landmark decision, a panel of arbitrators through the Financial Industry Regulatory Authority (FINRA) has ruled that a ban on class action lawsuits against Charles Schwab,…
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Lehman Brothers Financial Fraud Investigation Dropped by SEC: Report
Federal investigators are reportedly dropping a criminal probe against Lehman Brothers Holdings Inc. and are not expected to file any charges following the 2008 collapse of the investment bank, which…
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More UBS Arbitration Claims Over Lehman Notes Likely Following Bankruptcy
Financial fraud lawyers are expecting an influx of arbitration claims against UBS Financial Services following an announcement that holders of Lehman Brothers principle protected notes (PPN) will only receive 21…
