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The collapse of FTX, a leading cryptocurrency exchange, has reverberated throughout the investment community, leaving many investors facing substantial losses. Notably, the endorsements of high-profile figures like Tom Brady and Kevin O’Leary lent credibility and legitimacy to FTX, attracting a significant number of investors. Even though there are no known assertions that Tom Brady’s or…

LPL Financial, a prominent financial firm based in Fort Mill, South Carolina, recently faced regulatory scrutiny resulting in significant consequences. The Financial Industry Regulatory Authority (FINRA) issued an Acceptance, Waiver, and Consent (AWC) on December 27, 2023, shedding light on various lapses in the firm’s supervision and reporting processes. Here are the key findings of…

If you or someone you know has an account with Jesus Rodriguez and may be affected by the alleged misappropriation, we urge you to take action. Contact Savage Villoch Law now by emailing or calling us at (813) 251-4890 for guidance and support. Introduction: In a recent development, the Securities and Exchange Commission (SEC) has…

By Alfred Villoch, III The issue of unpaid arbitration awards issued by FINRA against FINRA registered representatives is a growing concern in the financial industry, and it has garnered attention from organizations like PIABA (Public Investors Advocate Bar Association). Many investors who have been wronged by FINRA registered stockbrokers rely on FINRA arbitration to seek…

Prohibiting Time and Price Discretion – A Case Study of Dominic Joseph Carlo Introduction The Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization that oversees the conduct of broker-dealers and their associated persons. One of the key principles that FINRA enforces is the prohibition of time and price discretion in customer accounts. In this…

Christopher F. Harrington Jr., a financial advisor based in New York, finds himself in the spotlight as the Financial Industry Regulatory Authority (FINRA) issues an Acceptance, Waiver, and Consent (AWC) order. The order comes after a series of troubling allegations involving Harrington’s financial advice and its impact on a vulnerable investor. The Allegations The heart…

Trust and transparency are the cornerstones upon which clients rely in the financial services industry. Financial advisors are expected to adhere to these principles and maintain the highest ethical standards. However, in a recent matter involving Jermaine K. Benjamin, formerly registered with Raymond James Financial Services, questions about compliance have arisen. The Allegations Jermaine K.…

Whether you are in retirement or are planning for retirement, you may consider working with a Registered Investment Adviser (RIA) to manage your retirement assets. RIAs offer professional financial advice and are bound by the fiduciary duty to act in your best interest. However, there are potential issues you should be aware of as you…

El auge de las criptomonedas ha sido una de las noticias más importantes del mundo financiero en los últimos años. A medida que las criptomonedas como Bitcoin y Ethereum se han vuelto más populares, muchas personas se han preguntado si deberían invertir en ellas. En este blog, discutiremos los pros y los contras de las…

Margin accounts are a popular tool used by investors to amplify their trading power. However, margin accounts also come with increased risk, and it’s important for investors, particularly senior investors, to understand the responsibilities of their broker-dealer when trading on margin. In this blog post, we’ll explore the responsibilities of broker-dealers in margin accounts and…