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On December 7, 2018, the Financial Industry Regulatory Authority (“FINRA”) issued a comprehensive report (“Report on FINRA Examination Findings”) which “focuses on selected observations from recent examinations that FINRA considers worth highlighting because of their potential significance, frequency, and impact on investors and the markets.” This report serves as an essential resource for both investors […]
On November 26, 2018, in an editorial in the New York Times (“When Blue Chip Companies Pile on Debt, it’s Time to Worry”), it was noted that “fueled by cheap credit, American corporations have been gorging on acquisitions.” This raises important questions about the future of Corporate Debt. The increasing reliance on borrowed capital reflects […]
William Galvin, the Massachusetts secretary of state, has initiated a comprehensive probe into the activities of multiple broker-dealer firms who sold private placements sponsored by GPB Capital Holdings. This investigation comes in light of recently published news reports indicating potential malpractices. The Massachusetts Securities Division has reportedly received credible information regarding questionable sales practices from […]
The Wall Street Journal, on September 12, 2018 (“FANG Stock Play Can Fall Short”), noted that investors looking to reap the gains of highflying technology stocks while avoiding risk – through the purchase of “auto-callable” structured note products – are finding they can’t do both. These notes have gained popularity among various investor profiles, from […]
Laverty was named a respondent in a FINRA complaint alleging that that during consecutive associations with several member firms, he borrowed $1,350,000 from an elderly married couple in violation of each firm’s policies. The complaint alleges that three of the firms prohibited their representatives from borrowing money from their customers. Although a firm permitted loans […]