FINRA Panel Awards Retirees $500,000 For Financial Advisor’s Unsuitable Investment Recommendations of Non-Traded REITs, Whole Life Insurance, and Syndicated Conservation Easements
On August 18, 2026, a FINRA arbitration panel awarded two retirees $508,647.00 in compensatory damages, along with interest, against the Strategic Financial Alliance, Inc. to resolve a lawsuit related to unsuitable recommendations of whole life insurance, non-traded real estate investment trusts, and interests in syndicated conservation easements in their retirement accounts. See FINRA Case No. 23-00785.
FINRA Panel Awards Retirees $500,000 For Financial Advisor’s Unsuitable Investment Recommendations of Non-Traded REITs, Whole Life Insurance, and Syndicated Conservation Easements Continue reading…Texas Regulators Halt the Sales of Alternative Investments Sold By J. Alden Associates’ Brokers, Raising FINRA Supervision Concerns
On August 11, 2026, the Texas State Securities Board issued a follow-up agreed order, which set aside an emergency cease and desist order it issued earlier in the year on June 9, 2026. In the cease and desist order, the Texas state regulator alleged that the offer and...
Texas Regulators Halt the Sales of Alternative Investments Sold By J. Alden Associates’ Brokers, Raising FINRA Supervision Concerns Continue reading…FINRA Panel Hits Spartan Capital Securities, LLC With A $1.9 Million Award Related to Lawsuit Over Investments In A Direct Participation Program
On July 17, 2026, a FINRA arbitration panel ordered Spartan Capital Securities, LLC, along with registered representatives Jesse D. Krapf and Joao Amorim Pinto, to pay a customer approximately $1.9 million to resolve a lawsuit related to investments in a direct participation program. See FINRA Case No. 25-00951....
FINRA Panel Hits Spartan Capital Securities, LLC With A $1.9 Million Award Related to Lawsuit Over Investments In A Direct Participation Program Continue reading…FINRA Panel Orders Axos Clearing LLC To Pay Investors Close to $50,000,000 For Its Role In Facilitating Transactions For Worden Capital Management LLC
On June 5, 2026, a FINRA arbitration panel issued one of the largest customer recovery awards of the year, ordering Axos Clearing LLC to pay a combined total of approximately $49.2 million to 102 individual claimants. See FINRA Case No. 22-01082. The claimants alleged that Worden Capital Management...
FINRA Panel Orders Axos Clearing LLC To Pay Investors Close to $50,000,000 For Its Role In Facilitating Transactions For Worden Capital Management LLC Continue reading…FINRA Panel Orders Charles Schwab To Pay Nearly $800,000 Over Unauthorized Removal of Customer Funds
On May 18, 2026, a FINRA arbitration panel awarded a customer $787,414.00 in compensatory damages against Charles Schwab & Co., Inc. related to his claim that funds were removed from his brokerage account without his authorization. When A Brokerage Firm Fails To Safeguard Customer Funds
FINRA Panel Orders Charles Schwab To Pay Nearly $800,000 Over Unauthorized Removal of Customer Funds Continue reading…