Skip to main content

Menu

Representing Individual, High Net Worth & Institutional Investors

Offices in Indiana and New York City

317.598.2040
212.837.7908

Home > Blog > Monthly Archives: May 2015

Monthly Archives: May 2015

Attorney Mark Maddox Quoted in IBJ Article

Checkout the article Attorney Mark Maddox was quoted in below.

http://www.ibj.com/articles/53113-sec-suit-firm-hid-mounting-losses?utm_source=this-week-in-ibj&utm_medium=newsletter&utm_campaign=2015-05-09

LPL Ordered to Pay 10M in Fines & 1.7M in Restitution

LPL Financial LLC facing 11.7M in sanctions by FINRA for widespread supervisory failures related to complex product sales, trade surveillance, and trade confirmations delivery. Supervisory failures include the sales of non-traditional exchange-traded funds, certain variable annuity contracts, non-traded real estate investment trusts, and other complex products, as well as failing to monitor and report trades and deliver customers millions of trade confirmations. In addition, FINRA ordered LPL to pay 1.7M in restitution to specific customers who purchased non-traditional ETFs. The firm may pay additional compensation to ETF purchasers pending a review of its ETF systems and procedures. LPL consented to FINRA’s findings.

Colorado Merrill Lynch Brokers Terminated by Bank of America

Our firm will be looking into investor complaints against Joseph Yanofsky and Brooke Clements and the Yanofsky Group as a result of their termination from Bank of America Merrill Lynch.

http://www.reuters.com/article/2015/05/05/moves-bank-of-america-merrill-lynch-yano-idUSL1N0XV0Y020150505

 


Top of Page