Skip to main content

Blog

GPB Capital Investor Claims

GPB Capital describes itself as a “New York-based alternative asset management firm that seeks to acquire income-producing private companies.” GPB raised more than $1.5 billion in capital held in private limited partnerships that invest primarily in auto dealerships and waste management businesses. Investments in GPB Capital were sold by various brokerage firms including Royal Alliance […]

Read More

UBS Yield Enhancement Strategy (YES)

Aidikoff, Uhl & Bakhtiari is investigating the sale of the Yield Enhancement Strategy (“YES”) recommended by financial advisors to UBS customers.  The investigation focuses on UBS sales practices and representations made in connection with the recommendation of the UBS YES program for fixed income customers. UBS’s Yield Enhancement Strategy (“YES”) reportedly had over $5 billion under […]

Read More

FINRA Moves to Focus Attention on Suitable Investment Recommendations

On January 22, 2019, FINRA released its “2019 Risk Monitoring and Examination Priorities Letter” which identifies topics that FINRA will focus on in the coming year. As always, suitability remains one of FINRA’s top priorities in the coming year. Some of the specific areas on which FINRA may focus in 2019 include: (1) deficient quantitative […]

Read More

Wedbush Securities, Inc. and Founder Edward Wedbush Consent to Censure and $900,000 Fine by NYSE

NYSE Regulation filed a Statement of Charges on behalf of NYSE Arca, Inc. (“NYSE Arca” or “Exchange”) naming Edward W. Wedbush and Wedbush Securities, Inc. as Respondents. In order to resolve the matter, the Exchange entered into an Offer of Settlement and Consent with each Respondent. By stipulation of the parties, the Statement of Charges […]

Read More

SEC Compliance Exam and Inspection Priorities for 2019

On December 20, 2018, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) announced its 2019 examination priorities. OCIE publishes its exam priorities annually to promote transparency of its examination program and provide insights into the areas it believes present potentially heightened risk to investors or the integrity of the U.S. capital markets. […]

Read More