Just as financial advisers are embracing alternative investments as a way to generate income for clients, their chief regulator is warning them of the perils of one such type of offering: structured products
Regulator hits Workman Securities with $700K fine; also sanctions execs at other firms that sold several soured private placements
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=290006>QA3 Financial Corp.</a>, an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
If consumers continue to feel nervous about their money over the next few months, it's a sure sign that the U.S. economy will dive straight into a double-dip recession
MF Global boss received no favoritism, regulator's CEO says; decision 'never bubbled up' to senior management
Small B-D in Georgia ceases operations; sold $215K of preferred stock in Provident private placement
The story of Kevin O'Brien shows that a broker who gets kicked out of the securities business can find new life in the financial arena — and a very public arena at that.
Newbridge Securities to pay $850,000 as part of class action settlement
Finra has walloped five firms for overcharging for postage and handling with almost $1 million in fines.
Yet another small brokerage firm that sold illiquid alternative investments closed its doors last week
