How FINRA’s Rules And The SEC’s Regulation Best Interest Can Rectify Investment Losses In Your Retirement Accounts

Are you a senior investor or retiree with inexplicable losses in your retirement account? If so, you may have more legal protections than you realize, including protections under the Financial Industry Regulatory Authority’s (“FINRA”) rules and the Securities and Exchange Commission’s (“SEC”) Regulation Best Interest (“Reg BI”).

Former Raymond James Broker Jonathan E. Best Suspended, Fined, And Ordered To Pay A Disgorgement Penalty For Making Unauthorized Trades In A Senior Investor’s Account Suffering From Alzheimer’s Disease

On March 5, 2025, FINRA Accepted a Letter of Acceptance, Waiver, and Consent (“AWC”) from Jonathan E. Best (CRD No. 2225091) related to alleged unauthorized trades he made in a senior investor’s account, suffering from Alzheimer’s disease, and false compliance attestations regarding the same. According to the filings,...

UBS and Financial Advisor Andrew Burish On The Hook For $92.2 Million After Recommending Short Positions In Tesla

On February 28, 2025, a public FINRA Arbitration Panel awarded a class of investors $92.2 million in damages after they sued UBS and financial advisor Andrew Burish for investment fraud and violations of FINRA Rules related to investments in Tesla. According to the filings, Burish recommended an unsuitable,...

FINRA Arbitration Panel Orders Morgan Stanley To Pay Senior Investor $843,000 For Its Role In Causing Investor To Suffer Investment Losses From A Gold Bar Scam

On February 10, 2025, a public FINRA Arbitration Panel ordered Morgan Stanley to pay a senior investor controlling a marital trust, life insurance trust, and residuary trust $843,000 for Morgan Stanley’s contribution to elder financial exploitation and abuse in the investor’s accounts. According to the filings, external fraudsters...

FINRA’s Top Investment Fraud Threats For Investors In 2025

On January 28, 2025, FINRA released its annual regulatory oversight report (the “Report”). Among other things, the Report flagged two types of financial products that have impacted public investors within the statutory limits for filing FINRA Arbitration claims: (i) Small Cap Initial Public Offerings (“IPOs”); and (ii) Registered...