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Financial Advisor IQ
A court filing indicates that the parties are finalizing a settlement, just weeks after a judge denied Stifel’s bid to overturn the award. Stifel Financial may have managed to save some face — if not a little money — in its yearlong challenge to an arbitration award in the amount of nearly $133 million issued against […]
Financial Advisor IQ
Advisor Marc Torres claimed that the Finra arbitration panel that decided his case was tainted because one arbitrator failed to disclose a total of 30 liens and judgments against her. An ex-Wells Fargo financial advisor who was ordered to pay the firm more than $2 million in a clawback case has been awarded a do-over […]
InvestmentNews
Emerson Equity “was substantively involved” with Inspired Healthcare and the operation of its business and fundraising, according to a court filing. A federal bankruptcy court in Texas on Friday approved an order for Emerson Equity, an independent-contractor broker-dealer in San Mateo, Calif., to hand over documents related to the sale of securities backed by Inspired Healthcare Capital, a defunct assisted living […]
AdvisorHub
A broker who spent more than a decade with Merrill Lynch in Atlanta can erase “defamatory” allegations the wirehouse left on her public BrokerCheck record, according to an arbitration award finalized on Tuesday. Merrill had reported that Ava Arjmand, who left in 2019 for Rockefeller Capital Management, resigned after allegations of “conduct involving alteration of […]
Financial Advisor IQ
The Investor Advisory Committee last week proposed guidelines to safeguard retail investors who dip into private markets. The Securities and Exchange Commission’s Investor Advisory Committee last weeksignaled its willingness to open private market access to all investors — but with an added set of investor-protection guardrails. The committee on Thursday voted to adopt a draft […]