Tag Archives: Brokerage

Summit Brokerage Services, Inc. Censured

(FINRA Case #2016050260001) Summit Brokerage Services, Inc. (CRD #34643, Boca Raton, Florida) – An AWC (Accept, Waiver & Consent) was issued in which the firm was censured and required to provide FINRA with a remediation plan to remediate eligible customers … Continue reading

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Secondary Ticket Brokerage: Venture Capital and M&A Valuation Trends and Investments

Mergers and acquisition (M&A), venture capital (VC), leveraged buyout (LBO), private equity (PE) and angel investor transactions have become more apparent in the past several years in the secondary ticket brokerage market. The purpose of the transaction report is to … Continue reading

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FINRA Reprimands St. Louis Brokerage Firm for Poor Oversight

This month, the Financial Industry Regulatory Authority (FINRA) reprimanded First Clearing, LLC, a St. Louis-based brokerage firm, for insufficient anti-money laundering (AML) protections in FINRA Case #2008012791101. First Clearing consented to the described sanctions, without admitting or denying the findings, … Continue reading

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Case for Negligent Hiring Can Proceed Against Brokerage Firm

The estate of Linda Stein was allowed by Judge Lucy Billings of the Supreme Court of the State of New York to proceed with a claim of negligent hiring against the brokerage firm and employment agency who hired the person … Continue reading

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Competition in the Real Estate Brokerage Industry

From the press release:The U.S. Department of Justice and the Federal Trade Commission (FTC) issued a joint report, Competition in the Real Estate Brokerage Industry. The purpose of the report is to inform consumers and others involved in the industry… … Continue reading

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