Steepeners

Archive | Steepeners

Unsuitable Recommendations Cost ICC $1 Million

October 10, 2016  |   Posted by :   |   Steepeners, Stockbroker Fraud News, Unit Investment Trusts   |   0 Comments

Investors Capital Corporation, headquartered in Lynnfield, Massachusetts, was censured and fined $250,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm engaged in the unsuitable recommendations of unit investment trusts and steepeners to customers. Letter of Acceptance, Waiver and Consent, No. 2010022046101 (Oct. 3, 2016). According to the AWC, between June of […]

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Steepeners Steep a Whole Bunch of Regulatory Troubles for Already Troubled Stockbroker

September 27, 2016  |   Posted by :   |   Steepeners, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Robert Estevez, of Greenwich, Connecticut, a stockbroker with Investors Capital Corporation, was fined $20,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2014040158902 (Sept. 16, 2016). According to […]

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