TENNESSEE: August 30, 2024. The Guiliano Law Group filed an action before the Financial Industry Regulatory Authority against an “Internet Only” broker-dealer, an “Internet Only” bank affiliate, and its Clearing Firm for the failure to supervise, and the violation of The Electronic Funds Transfer Act and the SEC “Customer Protection Rule” for hacking and theft…
Ron Yehuda Itin, of Jersey City, New Jersey, the former president of E1 Asset Management Inc., has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Itin failed to create and maintain a supervisory system for purposes of identifying and preventing fraudulent fund transfers…
UBS Financial Services Inc., headquartered in Weehawken, New Jersey, has been censured and fined $850,000.00 by the Financial Industry Regulatory Authority (FINRA) because UBS failed to supervise certain representatives’ private securities transactions and failed to supervise transfers of customer funds to third parties. Letter of Acceptance, Waiver, and Consent No. 2021073037102 (July 8, 2024). The…