Tag Archives: censured

Ameriprise Financial Censured & Fined $4.5 Million

SEC Charges Ameriprise Financial with Failure to Safeguard Client Assets According to a press announcement today, Ameriprise Financial Services Inc. will pay $4.5 million to settle SEC charges that it failed to safeguard retail investor assets from theft by its … Continue reading

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Vanderbilt Securities Censured & Fined $200,000, Failure to Supervise

Mark Kaplan – Vanderbilt Securities – Alleged Churning and Unsuitable, Excessive Trades According to the Financial Industry Regulatory Authority (FINRA) on July 26, the regulator has censured and fined Vanderbilt Securities (CRD # 5953), $100,000 for failure to supervise a … Continue reading

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Park Avenue Securities – Censured & Fined for Supervisory Issues

FINRA Fines Park Avenue Securities $300,000 over Variable Annuity Sales According to a Letter of Acceptance, Waiver & Consent, The Financial Industry Regulatory Authority Inc. has censured Park Avenue Securities and fined the firm $300,000 for problems in its supervision … Continue reading

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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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Hancock Investment Services Censured and Fined $100,000

According to a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Hancock Investment Services was censured and fined $100,000. The firm allegedly failed to preserve business-related emails in a manner that complied with applicable … Continue reading

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