FINRA Fines Pictet Overseas Inc. $610,000 Over Low-Priced Securities Supervision Failures
FINRA fined Pictet Overseas Inc. $610,000 for AML and supervisory failures tied to low-priced securities transactions through an omnibus account.
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 Suspends Jesse D. Krapf Over Information Failures at Spartan Capital Securities
FINRA suspended Jesse D. Krapf in June 2026 for failing to provide requested information. The broker previously served a five-month suspension for excessive trading.
FINRA Suspends Jesse D. Krapf Over Information Failures at Spartan Capital Securities Read More »
Tom Hulick (CRD# 1806305) Faces $500,000 Investor Complaint at Strategy Asset Managers
Tom Hulick, a Pasadena-based advisor registered with Strategy Asset Managers, faces an August 2025 investor complaint alleging $500,000 in damages from an unsuitable closed-end fund recommendation.
Tom Hulick (CRD# 1806305) Faces $500,000 Investor Complaint at Strategy Asset Managers Read More »
SEC Charges Jeffrey Cutter and Cutter Financial Group Over Undisclosed Insurance Commissions
The SEC charged Jeffrey Cutter and Cutter Financial Group with failing to disclose 5 to 10 percent insurance commissions on products recommended to advisory clients.
FINRA Expedited Arbitration Rules Give Elderly Investors Faster Path to Recovery in 2026
FINRA adopted expedited arbitration rules in 2026 that compress timelines for elderly investors alleging broker misconduct.
FINRA Expedited Arbitration Rules Give Elderly Investors Faster Path to Recovery in 2026 Read More »
SEC Charges Krish Kumar in $7.8 Million Fraud Scheme Targeting Retail Investors
The SEC charged Krish Kumar in a $7.8 million fraud scheme, alleging he misappropriated nearly $7 million from two funds targeting retail investors.
SEC Charges Krish Kumar in $7.8 Million Fraud Scheme Targeting Retail Investors Read More »
Supreme Court Rules SEC Does Not Need to Prove Investor Loss for Disgorgement in Sripetch Decision
The Supreme Court ruled in Sripetch v. SEC that the SEC does not need to prove investor pecuniary loss to obtain disgorgement, strengthening enforcement tools.
Bruce Cameron Conway SEC Final Judgment in June 2026 Securities Fraud Case
Bruce Cameron Conway consented to a final judgment in a Securities and Exchange Commission enforcement action filed under litigation release LR-26568 on June 16, 2026. The SEC complaint alleged that Conway violated federal securities laws
Bruce Cameron Conway SEC Final Judgment in June 2026 Securities Fraud Case Read More »
SEC Charges Sterling Capital in June 2026 Fraud Litigation Over Misleading Investment Practices
The Securities and Exchange Commission charged Sterling Capital, LLC in a June 2026 enforcement action tied to misleading investment practices. The case, filed under SEC litigation release LR-26562 on June 8, 2026, marks another regulatory
FINRA Expels Reid & Rudiger and Bars Co-Founders Over $2.7 Million Churning Losses
FINRA expelled Reid & Rudiger LLC and barred co-founders Edward Rudiger Jr. and Clifford Reid after a market-timing strategy cost customers about $2.7 million.
FINRA Expels Reid & Rudiger and Bars Co-Founders Over $2.7 Million Churning Losses Read More »
