Financial

Oppenheimer & Co. Faces FINRA Arbitration Case Over Alleged Investment Fraud

On January 31, 2022, an Oppenheimer & Co. customer was awarded $1.4 million in compensatory damages for their losses in the Horizon Private Equity III fund. This case stemmed from the filing of FINRA arbitration case 22-00866, which investigated Oppenheimer & Co.’s sale of the Horizon Private Equity III fund. What is Oppenheimer & Co.? …

Oppenheimer & Co. Faces FINRA Arbitration Case Over Alleged Investment Fraud Read More »

Yossi Engel Accused of Scamming Investors By SEC

Yossi Engel made connections and gained the confidence of members of an Orthodox synagogue in Los Angeles before pursuing them with his allegedly fraudulent investment scam. The SEC lawsuit claims that Mr. Engel “cultivated a reputation in the Orthodox Jewish community as a Torah scholar and as a charitable giver.” He spent time teaching Torah …

Yossi Engel Accused of Scamming Investors By SEC Read More »

China Pushes Hard to Restart Its Economy

China’s top state planner has stated that the country’s economy will likely improve, but “arduous efforts” are required to maintain the rebound in growth due to an unfavorable external environment and the loss of momentum in the global economy. The comments were made on Friday after dismal November economic activity data was released. Expectations are …

China Pushes Hard to Restart Its Economy Read More »

FINRA Fines Merrill Lynch, Pierce, Fenner & Smith $15.2 Million

FINRA today announced that Merrill Lynch, Pierce, Fenner & Smith, Inc. has been ordered to pay $15.2 million in restitution to thousands of customers who purchased class C mutual fund shares, even though Class A shares were significantly cheaper. Mutual fund issuers offer a variety of classes of mutual funds shares, including Class A shares …

FINRA Fines Merrill Lynch, Pierce, Fenner & Smith $15.2 Million Read More »

GPB Capital Sales Cost Broker-Dealers With FINRA Fines

More bad news for GPB Capital Holdings investors hit this week as 2 broker-dealers were penalized by the Financial Industry Regulatory Authority (FINRA). Dempsey Lord Smith and BD4RIA Inc. for selling negligence to GPB Capital Holdings private customers. This was due to GPB’s inability to audit financial statements for high-risk, high-commission investments. Both broker-dealers accepted FINRA’s …

GPB Capital Sales Cost Broker-Dealers With FINRA Fines Read More »

Amazon Stock Surges After Split Announcement

Amazon.com Inc’s (NASDAQ: AMZN) shares rose 6.3% following the announcement of a huge stock split. This makes Amazon.com Inc’s equity more attractive for investors after a 25-year-old surge in its value. This 20-for-1 stock split by the company is its first since 1999. It also includes a $10 billion share purchase back. This follows a similar …

Amazon Stock Surges After Split Announcement Read More »

Scroll to Top