Stockbroker fraud is a hot topic these days. Thousands of investors make claims each year about investment scams and Ponzi schemes. In many cases, when the dust settles, the only “deep pocket” is the brokerage firm that facilitated the sale of the investment. Other times, registered reps simply don’t take the time to know their […]
Regulators Gets Tough on Stockbrokers Selling Private Placements
[Post updated through 2021] The Financial Industry Regulatory Authority (FINRA) is cracking down on stockbrokers and their broker dealers that sell private placements. For those not familiar with the term “private placement” this is a funding round of securities that are sold before a security goes public. They are not initially traded on an exchange […]