Strategic Return Notes

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Stockbroker Misconduct Continues to Plague Investors

The Financial Industry Regulatory Authority released its 2018 Examination Report, showing the areas in which the regulator has taken  some form of enforcement action against brokerage firms to prevent them from taking advantage of their customers, and to “better protect investors and maintain the integrity of the markets.” The Recommendation of Unsuitable Investments First, on […]

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Mid Atlantic Capital Corporation Nailed For Failure To Supervise

Mid Atlantic Capital Corporation, a brokerage firm headquartered in Pittsburgh, Pennsylvania, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise the private securities transactions that two stockbrokers engaged in. Letter of Acceptance, Waiver and Consent, No. 2013039024401 (Apr. 6, 2017). […]

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Caldwell International Securities Stockbroker Suspended For Unsuitable Recommendations

Richard Lee, of Englewood Cliffs, New Jersey, a stockbroker formerly registered with Caldwell International Securities Group, was suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Order Accepting Offer of Settlement containing findings that Lee made unsuitable investment recommendations. Department of Enforcement v. Richard Lee, […]

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Crime Pays: Merrill Lynch Fined $10 Millions Dollars For $150 Million Scheme

September 16, 2016  |   Posted by :   |   Strategic Return Notes, Structured Products   |   0 Comments

Merrill Lynch, Pierce, Fenner & Smith Inc., headquartered in New York, New York, consented to a $10,000,000.00 fine by The Securities and Exchange Commission (SEC) in connection with an SEC Order containing findings that Merrill Lynch made misleading statements regarding costs pertaining to structured notes issued by Bank of America – Merrill Lynch’s parent. SEC […]

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