Law

Axos Clearing LLC and Worden Capital Management LLC are facing a $40.7 million FINRA arbitration claim alleging widespread supervisory failures that allowed fraudulent trading schemes to harm retail investors. The case highlights how clearing firms

William David Miller, a former registered representative with Osaic Wealth Inc. and affiliated Osaic firms, has been suspended by the Financial Industry Regulatory Authority for failing to respond to information requests under Rule 8210. The

Brokers at major firms have been selling reverse convertible securities to retirees who thought they were buying safe bonds. These products are not bonds. They are complex derivatives that expose investors to significant downside risk

Some brokerage firms open margin accounts for retirees without clear consent. These accounts let the firm lend the investor’s own securities back to the market, but they also expose conservative portfolios to forced liquidation when

Financial advisor Chihyu Jerry Hsu has been suspended by FINRA for failing to provide information under Rule 8210. The suspension follows his registrations at Park Avenue Securities LLC, Northwestern Mutual Investments, and Morgan Stanley, leaving

Registered representative Clinton Edmund Galloway has been suspended by FINRA for failing to respond to information requests under Rule 8210. The suspension stems from Galloway’s time at Drum Capital Corp and raises questions about supervisory

Casey Muggleston, a former employee at Constellation, was charged by the Securities and Exchange Commission in June 2026 with insider trading that allegedly generated $1.48 million in unlawful profits. The SEC Litigation Release 26573, filed

John Sterling Myers and his firm Sterling Capital faced SEC civil litigation in June 2026 over allegations of a pooled investment fraud scheme that caused more than $3.6 million in losses across twenty-eight investors. Federal

Private placements are supposed to be sold only to wealthy, sophisticated investors who can afford to lose their entire stake. They are exempt from SEC registration requirements under Regulation D. That exemption creates a gap

Variable annuities have become a favored product for brokers seeking high commissions. These complex insurance contracts promise guaranteed income in retirement. They also carry surrender charges that can exceed 10 percent and annual fees that