Law

Former Ameriprise Financial and Citigroup broker Sung Moo Cho, also known as Sam Cho, was barred by FINRA in June 2026 after a customer complaint alleged he misappropriated approximately $3.5 million from brokerage accounts. Cho

The Securities and Exchange Commission charged 38 foreign entities on August 27, 2026 with making material misrepresentations in Form ADV filings to falsely pose as legitimate U.S. investment advisers. The coordinated enforcement action, supported by

Unauthorized trading occurs when a broker buys or sells securities in a client’s account without obtaining prior approval. It is a clear violation of securities law and brokerage industry rules. Retirees and conservative investors are

Broker churning is one of the most costly forms of investment fraud facing retirees today. It occurs when a financial advisor executes excessive trades in a client’s account to generate commissions rather than to serve

Promoters of unregistered oil and gas drilling programs have stolen hundreds of millions from retirees. These schemes promise guaranteed returns from energy projects that never materialize. The SEC has brought dozens of enforcement actions against

Affinity fraud targets investors through trusted community channels. Scammers infiltrate churches, ethnic associations, and professional groups to sell fraudulent investments. The SEC estimates that affinity frauds have cost American investors billions of dollars over the

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