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In today’s digital world, text messaging has become a common way for stockbrokers to communicate with their clients. But with this convenience comes responsibility. Brokerage firms must follow strict rules to record and check all business-related messages. If not, investors might find themselves at risk of fraud or negligence. This article dives into how text […]
Spartan Capital Securities, LLC (CRD #146251, New York, New York), John Dennis Lowry (CRD #4336146, New York, New York), and Kim Marie Monchik (CRD #2528972, Hazlet, New Jersey) The firm, Lowry, and Monchik appealed a National Adjudicatory Counsel (NAC) decision to the Securities and Exchange Commission (SEC). The firm was censured, fined $600,000, and required […]
Suitability obligations are among the most frequently violated rules in the securities industry — and among the most powerful tools investors have for recovering losses caused by broker misconduct. When a broker recommends an investment that is inconsistent with a client’s risk tolerance, investment objectives, time horizon, or financial situation, that recommendation violates FINRA Rule […]
Ever wondered how financial disputes get settled without stepping into a courtroom? That’s where FINRA arbitration comes in. It’s like a courtroom drama, minus the drama. Instead of a judge, you’ve got arbitrators. And instead of a lengthy trial, you get a process that’s quicker and often less costly. This guide will walk you through […]
Investment fraud is like a sneaky shadow in the finance world. It’s always lurking, ready to catch folks off guard. Whether you’re new to investing or have been at it for years, scams can be tricky to spot. They come in all shapes and sizes, from promises of quick riches to complex schemes that sound […]