InvestmentNews
Original Story Finra is taking a closer look at the potential conflicts of interest in how firms pay their brokers. In targeted exam letter, the Financial Industry Regulatory Authority Inc.queries firms about a broad range of compensation practices, from the common payout grids, which determine how much of their annual revenue their brokers take home, to […]
Law360
After the U.S. Securities and Exchange Commission announced a $180 million enforcement action Monday against two Citigroup units accused of misleading investors ahead of the financial crisis, legal experts said the settlement has some clear winners: Citigroup and its attorneys at Paul Weiss Rifkind Wharton & Garrison LLP. Citi agreed to pay the amount to end a long-running probe […]
LawyersandSettlements.com
Beverly Hills, CA: A 2015 report produced by True Link Financial estimates that the amount lost by senior citizens through financial elder abuse in the US is at a staggering $36.48 billion annually. That number surges well past a previous MetLife Institute report in 2011 that estimated the amount to be $2.9 billion. True Link […]
InvestmentNews
A Wells Fargo Advisors client has asked arbitrators to recover money he says he lost investing with F-Squared Investments Inc., his lawyer said Wednesday, testing whether investors can challenge brokerage firms who sold the troubled asset manager’s products. F-Squared agreed in December to pay $35 million to settle charges it made false claims about the […]
Wall Street Journal
“When can we expect payment?” asks the soulless lawyer in a cadaverous monotone. He’s from the broker-dealer you used to work for, and he’s talking about the unpaid balance on your Employee Forgivable Loan. You go ballistic. Those clowns broke their promises. They almost destroyed your business, which is taking forever to rebuild. Now what? […]