Lincoln Financial Advisors says it wants to be the country’s “premier fee-based financial planning firm.” A recent decision by the Financial Industry Regulatory Authority’s (FINRA) Enforcement Department suggests that the firm is off to a rocky start. FINRA sanctioned former registered rep and investment advisor William Babb III with “trading away” and failure to cooperate […]
SEC Shuts Down Broker Who Defrauded Elderly Nuns
Not one week into the new year and the SEC has shut down another fraud scheme, this one targeting the Sisters of Charity, a congregation of mostly elderly nuns in the Bronx section of New York City. The SEC charged Paul Chironis with churning two accounts owned by the nuns. The accounts were to be […]