Updated Monday, November 24, 2014 as of 2:56 AM ET
Former CUSO Advisor Expelled From Industry
The San Diego-based advisor allegedly participated in private securities transactions that resulted in two elderly investors losing more than $340,000.
More in Regulatory/Compliance
With part of Nicholas Schorsch's real estate empire fracturing into warring factions, a chunk of his fortune may depend on whether RCS Capital can distance itself from the accounting missteps at American Realty Capital Properties. more »
A FINRA arbitration panel ordered an ex-Merrill Lynch advisor to pay his former employer more than $400,000 in damages. more »
FINRA hands out 18-month suspension, $10,000 fine and $233,000 in 'disgorgement' for selling away and nondisclosure issues, documents say. more »
As the pace of cyberattacks increases, asset managers are taking a hard look at their cyber insurance coverage to make sure that it will cover them should they become a target. more »
The two self-regulators are proposing rules that would require dealers as principals to disclose to customers a “reference price” of the same security traded that same day as well as the difference between that price and the customer’s price. more »
Point72 Asset Management said it took a 5.1% passive stake in RCS in a Nov. 14 regulatory filing. more »
Advisors need to face a hard truth: Independent RIAs have lost this round. Fortunately, there are other, better ways to set yourself apart. more »
RCS Capital said it was contacted by FINRA and the SEC after accounting errors were disclosed at American Realty Capital Properties. more »
Regulators say clearing firm noticed an “irregularity;” SEC says thefts occurred over a 10-year period. more »
FINRA arbitration panel sides with a former Commonwealth Financial Network client who claims he lost his retirement savings due to bad retirement planning advice. more »
UBS has been ordered to cap bonuses for foreign-exchange and precious-metals bankers as Switzerland's regulator probes 11 of the bank's current and former employees as part of its inquiry into currency rigging. more »
Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, leaving bankers wondering whether she will be tougher on institutions than her predecessor. more »
SEC Chair Mary Jo White declined to specify her position on the coming fiduciary standard rule or when the regulator may issue it. more »
The November Issue is now online!


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