Wrongful Management Referral

Archive | Wrongful Management Referral

FINRA Bars Independent Financial Broker For Obstruction

Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into Pariser’s referral of customers to an unregistered individual who […]

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Citigroup Global Markets Inc. Consent to $178 Million Fine For Hedge Fund Fraud

Citigroup Alternative Investments LLC is a subsidiary of Citigroup Global Markets Inc., and between 2002 and 2008, they raised approximately $2.898 billion from approximately 4,000 investors into two now-defunct hedge funds—the ASTA and MAT funds (“ASTA/MAT”) and the Falcon Strategies funds (“Falcon”). These funds were recommended and sold by two groups of individuals, the “financial […]

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SEC Charges Morgan Stanley and Former Adviser with Misleading Clients

April 02, 2014  |   Posted by :   |   Stockbroker Fraud News, Wrongful Management Referral   |   0 Comments

The Securities and Exchange Commission today charged Morgan Stanley and one of the firm’s former investment adviser representatives with securities law violations for misleading clients about the money managers being recommended to them and failing to disclose conflicts of interest. According to the SEC’s orders in the case, Morgan Stanley breached its fiduciary duty to […]

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