Variable Annuity Overcharges Cost 127 Clients $1.2M, FINRA Arbitration Reveals
FINRA arbitrators ordered $1.18 million in damages for 127 clients overcharged on variable annuity share classes by advisor Robert Chen.
Former Merrill Lynch Broker Barred for Churning That Cost Retirees $890K
FINRA permanently barred former Merrill Lynch broker James Richardson for excessive trading that cost elderly clients $890,000 in retirement losses.
FINRA Suspends Former LPL Advisor for $920K Promissory Note Fraud Against Retirees
On Wall Street, trust is the only currency that matters. When a broker abuses that trust to line his own pockets, the damage extends far ...
