John Palma Barred by FINRA for Non-Cooperation Amid Spartan Capital Securities Churning Allegations
FINRA has permanently barred broker John Palma following allegations of churning and fraud at Spartan Capital Securities and SW Financial.
Law
We cover latest news on investor lawsuits, investigations and investment fraud. Unfortunately, investment fraud is very common, especially with seniors. We report on several different kinds of security fraud that includes Ponzi-Schemes, Bad Accounting and Improper Sales Practices.
FINRA proposes expanded protections against elderly investor financial abuse
FINRA proposed new rules expanding temporary holds and trusted contact requirements to protect senior investors from financial exploitation in 2026.
FINRA proposes expanded protections against elderly investor financial abuse Read More »
SEC charges Sterling Capital LLC in fraud case targeting elderly investors
SEC filed charges against Sterling Capital LLC for defrauding elderly investors. Learn what happened and how affected investors can recover losses.
SEC charges Sterling Capital LLC in fraud case targeting elderly investors Read More »
SEC Charges Krish Kumar With 7.8 Million Dollar Investment Fraud and Fund Misappropriation
SEC alleges Krish Kumar raised 7.8 million dollars from investors through materially false statements and misappropriated roughly 7 million dollars for personal use.
SEC Charges Jeffrey Cutter and Cutter Financial Group With Undisclosed Insurance Commissions
SEC charges Jeffrey Cutter and Cutter Financial Group with recommending insurance products while collecting undisclosed upfront commissions of 5-10 percent.
Broker recommendation of high-risk REITs cost retirees their savings
We remember the pitches. Non-traded REITs sold as stable income tools with little downside. Brokers showed charts with 8% distributions and called them conservative. We knew better. Many of these products carried hidden fees, illiquidity
Broker recommendation of high-risk REITs cost retirees their savings Read More »
Unauthorized trading drained elderly investor accounts before anyone noticed
We watched this pattern unfold on Wall Street more times than I care to remember. A broker builds trust with an elderly client. The client signs a power of attorney or a limited discretion agreement.
Unauthorized trading drained elderly investor accounts before anyone noticed Read More »
How broker-dealer failures to supervise enable churning and suitability violations
A wave of recent FINRA disciplinary actions has exposed widespread failures by broker-dealers to supervise their registered representatives. In case after case, firms allowed churning, unsuitable recommendations, and excessive trading to continue for months or
How broker-dealer failures to supervise enable churning and suitability violations Read More »
Cape Securities Ordered to Pay $145,000 in Restitution Over GWG L Bond Sales
FINRA ordered Cape Securities to pay approximately $145,000 in restitution to investors harmed by unsuitable sales of GWG L Bonds, a privately offered alternative investment that later collapsed.
Cape Securities Ordered to Pay $145,000 in Restitution Over GWG L Bond Sales Read More »
SEC rescinds no-deny policy on settled enforcement actions
The Securities and Exchange Commission rescinded its long-standing no-deny policy on settled enforcement actions on May 18, 2026. For decades, settling defendants were barred from publicly denying the allegations against them. The reversal allows firms
SEC rescinds no-deny policy on settled enforcement actions Read More »
