RBC Capital Markets was fined $1 million dollars on April 23, 2015 for failing to supervise brokers who were selling unsuitable reverse convertibles to customers. According to the Letter of Acceptance, Waiver and Consent (AWC) RBC Capital Markets failed to detect the sale of 364 reverse convertible transactions to approximately 218 RBC Capital Markets customers. […]
On March 30, 2015, H. Beck, Inc. was fined $425,000, according to a FINRA issued Letter of Acceptance, Waiver and Consent (AWC)
Current Oppenheimer & Co. broker, George W. Fellows, Jr., was fined $5,000 and suspended from the securities industry for ten business days on February 12, 2015.
In December 2014, Leonid Yurovsky entered into a settlement with the Arkansas Securities Commissioner. According to the agreement, The Arkansas Securities Department alleged Leonid Yurovsky engaged in excessive trading and unsuitable securities sales while he was acting as an agent for two customers.
The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have complaints regarding National Planning Corp. broker, Pasquale Vitucci.
Fitapelli Kurta, New York City based stock fraud attorneys, are investigating tenant in common (TIC) investments sold by William S. Sheehan, a registered broker with DFPG Investments.
The securities and investment fraud law firm, Fitapelli Kurta, is investigating claims from customers who have lost money investing with Cushing Royalty & Income Fund investments at the recommendation of Stifel Nicolaus or one of their brokers.
The securities and investment fraud law firm of Fitapelli Kurta is continuing its investigation into WFG Investments, Inc. WFG Investments is currently facing a $650,000 fine from the Financial Industry Regulatory Authority (FINRA). The cause of the fine remains unstated in the firm’s SEC Focus report, however this is not the first time WFG Investments […]