FINRA Warns Of Widespread Financial Fraud, Phishing Scams Taking Advantage of COVID-19 Pandemic
FINRA warns that a new phishing scam seeks to take advantage of those in the financial industry currently working at home.
Tag Archives: FINRA
-
-
GPB Capital Funds Lawsuit Seeks Class Action Status for Investors
A class action lawsuit filed against GPB Capitol Holdings and numerous brokerages accuses them of improper conduct in failing to warn investors of what was essentially a Ponzi scheme.
-
Former SEC Compliance Chief Arrested For Giving GPB Capital Investigation Information In Exchange For Job
A compliance officer at GPB Capital and former SEC investigator faces criminal charges for allegedly trading information on an ongoing probe in exchange for a job at the beleagured investment…
-
GPB Capital Investment Loss Claims Filed Over Financial Fraud Described as “Ponzi” Scheme
A Capital Holdings group accused of financial fraud may have been running a Ponzi scheme which bilked nearly $2 billion from investors.
-
GPB Capital Class Action Lawsuit Filed Over Failure To Provide Information About Status of Investments
A class action lawsuit says GPB Holdings has failed to provide investors with timely information about its finances as the firm faces a multistate and national fraud investigation.
-
Report Finds Conflicts Of Interest Common On FINRA Board
A new report warns that a number of FINRA board members who are supposed to represent investors have deep ties to Wall Street and brokerages which raise conflict of interest…
-
Elder Financial Abuse Claim Results in $212K FINRA Award
FINRA has ordered a financial firm to pay $212,000 for charges of elder abuse and financial fraud.
-
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.
-
FINRA Considering Revised Rules For High Risk Brokers
FINRA considering rule changes to put tighter controls on brokers whose outside business practices may put investors' holdings at risk.
-
Investor Arbitration Cases Down 14% So Far This Year: FINRA
FINRA reports a significant drop in investment arbitration claims this year, despite an increase throughout 2016.
