75 results

• FINRA Warns Of Widespread Financial Fraud, Phishing Scams Taking Advantage of COVID-19 Pandemic

  May 14, 2020

  Russell Maas

  FINRA warns that a new phishing scam seeks to take advantage of those in the financial industry currently working at home.

• GPB Capital Funds Lawsuit Seeks Class Action Status for Investors

  November 15, 2019

  Irvin Jackson

  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

  November 8, 2019

  Irvin Jackson

  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 fund.

• GPB Capital Investment Loss Claims Filed Over Financial Fraud Described as “Ponzi” Scheme

  September 26, 2019

  Irvin Jackson

  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

  September 9, 2019

  Irvin Jackson

  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

  November 28, 2017

  Irvin Jackson

  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 concerns.

• Elder Financial Abuse Claim Results in $212K FINRA Award

  September 18, 2017

  Irvin Jackson

  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

  June 2, 2017

  Irvin Jackson

  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

  May 16, 2017

  Irvin Jackson

  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

  March 2, 2017

  Irvin Jackson

  FINRA reports a significant drop in investment arbitration claims this year, despite an increase throughout 2016.