In the wake of some highly publicized private-placement offerings that went sour, the regulator's head of enforcement says the SRO aims to crack down on Reg D deals and non-traded REITs.
Management at Wells Investment Securities -- the broker-dealer of Leo Wells -- says the B-D is on Finra's radar. Apparently, the regulator is set to discipline the firm for allegedly violating advertising and data protection rules.
It's been a rough patch for QA3. The indie B-D has battled an insurer over coverage for lawsuits. In January, the firm lost a sizable arbitration claim filed by an elderly couple. And now, the final blow: an internal e-mail from boss Steve Wild says the brokerage will cease operating on Friday.
National Securities Corp. is the latest broker-dealer to face disciplinary action from Finra over the sale of private placements gone bust
A cash strapped independent broker-dealer that sold $65.3 million in high-risk oil and gas private placements is seeking to combine 36 separate arbitration claims and lawsuits as part of a class action settlement
Registered representatives will operate under a fiduciary standard no earlier than the second half of 2012, according to Finra chief executive Richard Ketchum
Capital Financial wants to merge cases as part of a class action settlement; other brokerages said to be monitoring judge's decision
QA3 Financial Corp., already enmeshed in a dispute with its insurance company, has lost a $1.6 million arbitration claim to an elderly couple who invested in real estate deals that went bust
Two non-traded real estate investment trusts have been targeted by private investment partnerships trying to take advantage of unsuspecting investors, critics charge
