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October ended as one of the worst months since the 2008 financial crisis, FANG leading the way. The S&P 500 lost $1.91 trillion in October, marking a significant downturn that sent shockwaves through the investment community. Losses were spread widely across industry sectors, with technology, energy, and consumer discretionary sectors being particularly hard hit. The […]
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 […]
A judgment issued by the United States Court of Appeals for the Ninth Circuit became final in which the firm was fined $300,000. Mr. Wedbush was fined $50,000 and suspended from association with any FINRA® member in any principal capacity for 31 days. The United States Court of Appeals for the Ninth Circuit denied the […]
An AWC was issued in which the firm was censured, fined $25,000 and required to provide a written certification to FINRA that its systems, policies and procedures, with respect to each of the areas and activities cited in the AWC, are reasonably Disciplinary and Other FINRA Actions 3 July 2018 designed to achieve compliance with […]