InvestmentNews
Three brokerage executives who formerly worked at a now-defunct midsize independent broker-dealer were ordered by a three-person arbitration panel to pay $1.05 million, plus interest, to a family that had invested in high risk private placements that turned out to be Ponzi schemes. The complaint has been an albatross around the necks of the three […]
Wall Street Journal
A securities arbitration panel is holding the senior executives of a defunct brokerage firm personally liable for money-losing bets made by its brokers. A Financial Industry Regulatory Authority arbitration panel last week ordered the top three officials of Allied Beacon Partners Inc. of Richmond, Va., to pay about $2.3 million to an Illinois restaurateur family. […]
Reuters
The long-time head of the Financial Industry Regulatory Authority’s arbitration unit will retire, the Wall Street watchdog said on Wednesday. Linda Fienberg, who joined FINRA’s predecessor organization, the National Association of Securities Dealers, in 1996, will step down from her post at the end of November, according to a statement from FINRA. A successor has […]
Wall Street Journal
Wall Street’s self-regulator said Wednesday that the head of its arbitration and disciplinary hearing programs, Linda Fienberg, will retire at the end of November. Ms. Fienberg, 72, joined the Financial Industry Regulatory Authority in 1996. She created its Office of Hearing Officers, the forum that hears disciplinary cases Finra brings against brokers and firms. She […]
Los Angeles Times
Wade Bradley sells the Hollywood dream. But unlike the stories on screen, the ending isn’t always happy, some of his investors claim. Bradley’s Media Society Inc. solicits wealthy people to invest in a slate of independent films that it produces and distributes through a subsidiary, with the minimum investment set at $150,000. If the movies […]