Recent Posts
FINRA Bars Two Individuals for Cheating on Online Qualification Exams
Regulator’s First Enforcement Actions for Online Cheating WASHINGTON — FINRA announced today that it has barred Brandon Autiero of New Jersey and Harris Kausar of New York from the securities industry for cheating during qualification examinations administered online. The enforcement…
FINRA Publishes Independent Counsel’s Report on Arbitrator Selection Process
Report Finds No Evidence of Improper Agreement to Remove Arbitrators From Cases; FINRA to Implement Recommendations to Provide Greater Transparency WASHINGTON – FINRA today published the report of independent counsel Lowenstein Sandler LLP, which found no evidence of an improper…
FINRA Orders National Securities Corp. to Pay $9 Million for Attempting to Artificially Influence the Aftermarket in 10 Offerings, and Other Violations
NSC Ordered to Pay Over $625,000 in Restitution to Customers Who Bought GPB Capital Private Placements After NSC Failed to Inform Them of Material Information WASHINGTON—FINRA announced today that it has sanctioned National Securities Corporation (NSC) approximately $9 million, including…
FINRA Orders Merrill Lynch, Pierce, Fenner & Smith, Inc. to Pay $15.2 Million in Restitution
WASHINGTON— FINRA announced today that it has ordered Merrill Lynch, Pierce, Fenner & Smith, Inc. to pay more than $15.2 million in restitution and interest to thousands of customers who purchased Class C mutual fund shares when Class A shares…
FINRA Appoints Michael Solomon Senior Vice President of Examinations
WASHINGTON—FINRA announced today that it has appointed Michael Solomon as Senior Vice President of Examinations. Solomon will assume this role on June 6 and report to Greg Ruppert, Executive Vice President and Head of Member Supervision. Solomon will be responsible…
FINRA Fines Wefunder $1.4 Million for Crowdfunding Rule Violations; StartEngine Capital Separately Fined $350,000
WASHINGTON—FINRA announced today that it has fined two FINRA-registered funding portals a combined $1.75 million for failing to comply with securities laws and rules designed to protect crowdfunding investors.
Report From FINRA Board of Governors Meeting – May 2022
Board Approves Rulemaking Items and Annual Financial Report; Appoints New Members to Advisory Committees WASHINGTON—FINRA’s Board of Governors held its second meeting of the year on May 11-12 in Fort Lauderdale, FL—near the organization’s Boca Raton office, the home of…
FINRA Publishes 2022 Industry Snapshot
SPACs, Margin Debt and CAT Among New Data Categories WASHINGTON – FINRA today published the 2022 FINRA Industry Snapshot, the annual statistical report on the brokerage firms, registered representatives and market activity that FINRA oversees. This year’s edition adds new…
POWER Act CLE Event – Protection from Abuse: Empowering Attorneys
The District of Kansas, along with the FBA, is hosting their 2022 annual POWER Act CLE on August 30, 20202 11:30 a.m.—1:00 p.m. (CDT) via Webinar. Registration is required.
Second Stop for Mega Millions Tickets Leads Lucky Winner to Big Payday
Andrew Diefes of Edgewater landed a $20,000 Mega Millions prize in the July 29 drawing. Anne Arundel County resident wins $20,000 Mega Millions prize Andrew Diefes had already bought a few Lottery tickets on July 29, but with the Mega…
Bankruptcy judge approves resolution requiring Tim Eyman to pay down his debts
OLYMPIA — A federal bankruptcy judge has approved a resolution that requires Tim Eyman to give up his share of his house to pay hundreds of thousands of dollars toward what he owes on his campaign finance judgment and other…
Current Employment Statistics Latest Numbers
Change in Total Nonfarm Payroll Employment: +528,000(p) in Jul 2022 Historical Data Change in Total Private Average Hourly Earnings for All Employees: +$0.15(p) in Jul 2022 Historical Data Change in Total Private Average Weekly Hours for All Employees: unchanged in…
West Topsham Woodchip Supplier to Pay Penalty & Restitution for Overcharging Consumers
The Vermont Attorney General’s Office today announced a settlement with heating woodchip supplier Limlaw Pulpwood Inc. and its related businesses for violating the Vermont Consumer Protection Act by falsifying the weight of its woodchip loads. The Attorney General’s Office investigated…
Maryland Man Indicted for Employment Tax Violations
A Maryland man made his initial appearance in federal court yesterday after being charged with 16 counts of willful failure to collect, account for and pay over employment taxes to the IRS.
Man Sentenced to Prison for $4.7 Million Bank Fraud Scheme
A California man was sentenced today in the Eastern District of New York to four years in prison for defrauding American Express of approximately $4.7 million and for laundering the proceeds of his fraud.
It’s Time to Pack for Hunting Season!
If you’re anything like me, you’re probably starting to bring your gear out of storage and making checklists in preparation for the upcoming season. I’ve come to rely on these yearly audits, using this time to make considerations about what…
Governor Parson Requests Federal Disaster Assistance for Historic Flash Flooding in St. Louis Region
Governor Parson Requests Federal Disaster Assistance for Historic Flash Flooding in St. Louis Region Stephanie.Whitaker Thu, 08/04/2022 – 17:43 August 4, 2022 Jefferson City Today, Governor Mike Parson requested that the President issue a major disaster declaration to provide federal…
9 Million Increase in Visitors to State Lands Brings Boost to Washington Economy, Report Finds
Washington state agencies collaborate on first-of-its-kind economic study In 2021, the Washington State Department of Natural Resources, Washington Department of Fish and Wildlife, Washington State Parks and Washington Recreation and Conservation Office partnered with Earth Economics to determine public visitation…
Ashcroft Appoints New Securities Commissioner Douglas M. Jacoby
FOR IMMEDIATE RELEASEAugust 4, 2022Contact: JoDonn Chaney (573) 526-0949 Ashcroft Appoints New Securities Commissioner Douglas M. Jacoby Jefferson City, Mo. —Secretary of State Jay Ashcroft recently announced that Douglas M. Jacoby has been appointed Commissioner of the Missouri Securities Divi
Food Plot Work: A New Level of Satisfaction!
My first experience with building and maintaining food plots began in the late 1970s. Spears Hunt Club was expanding their hunting lease in Chesterfield County and decided to follow the trend of creating wildlife food plots that was spreading throughout…
