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Unauthorized Trading

FINRA Issues May 2012 Disciplinary Actions

FINRA Issues May 2012 Disciplinary Actions 150 150 Robert H. Rex

The Financial Industry Regulatory Authority (FINRA) issues a report on disciplinary and other actions involving registered brokers, investment advisers and brokerage firms every month. Follow this link to the FINRA…

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Wells Fargo Broker Steals from Sick Child: Expelled by FINRA

Wells Fargo Broker Steals from Sick Child: Expelled by FINRA 150 150 Rex Securities Law

Ralph Edward Thomas, Jr. of Reistertown, MD, most recently with Wells Fargo Advisors, was sentenced to four years in prison and ordered to pay $838,000 in restitution for stealing money…

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Securities & Exchange Commission Warns Investors to be Wary of Unauthorized Trading In Stock Brokerage Accounts

Securities & Exchange Commission Warns Investors to be Wary of Unauthorized Trading In Stock Brokerage Accounts 150 150 Rex Securities Law
The SEC recently released an alert telling brokers and investment advisers to pay closer attention to unauthorized trading in customer accounts. In the risk alert issued by the nation’s top securities watchdog, the SEC says firms should watch for: Changes in trading patterns High volume of trade cancellations or corrections Manual trade changes Unexplained profits for a particular broker Rogue trades Trades that exceed risk tolerance for a … read more