In The News

AIG Unit to Pay $40M Over 12b-1, Referral Fees Tied to Teacher Pensions

Jul 29, 2020

“Too often educators are targeted with misconduct related to their investments,” said SEC Chairman Jay Clayton. Source: ThinkAdvisor.com | By Melanie Waddell | July 28, 2020, at 10:34 AM Valic Financial Advisors agreed Tuesday to pay $40 million to the...

Morgan Stanley Put My Money in Unsuitable Investments: Elderly Client

May 21, 2020

Lawyers for an elderly Dallas investor say they have filed a Finra arbitration claim against Morgan Stanley and one of its brokers alleging that the firm’s “unsuitable recommendations” cost the investor more than half a million dollars in losses. Source:...

Wells Fargo Nearing $3B Settlement: Reports

Feb 25, 2020

Wells Fargo is set to pay some $3 billion to settle federal investigations of its fake accounts and related client abuses, according to several news reports. CLICK HERE to read the full article. Source: ThinkAdvisor.com | By Janet Levaux | February 21, 2020, at...

Ex-MLB Player Wins $2M Payout From Merrill in Bond Dispute

Jan 23, 2020

Former outfielder Angel Pagán said his rep put his money in unsuitable Puerto Rico muni bonds and closed-end bond funds. Source: ThinkAdvisor.com | By Jeff Berman | January 22, 2020, at 3:24 PM Brian Rezny warned investors, “stay away from Puerto Rico...

J.P. Morgan Securities to Pay SEC $1.5M for Share Class Violations

Jan 16, 2020

“The brokerage firm failed to provide retail retirement account and charity customers with sales charge waivers and lower-fee share classes.” Source: ThinkAdvisor.com | By Melanie Waddell | January 15, 2020, at 2:12 PM CLICK HERE to read the full...

Bottom Half of Households Nearly 50% Richer Under Trump

Jan 14, 2020

“The Trump economy is giving the greatest benefits to those who have been at the bottom, according to new data from the Council of Economic Advisers.” Source: WesternJournal.com | By Jack Davis | January 11, 2020, at 8:16 AM CLICK HERE to read the full...