Among the most troubling issues that FTF News reports upon via our enforcement stories is the sad truth that a lot of very bad people prey upon the elderly to steal their life savings via securities trading scams. To help combat this problem, three key organizations for the securities industry — FINRA, the SEC, and… Read More >>
Regulators Strike $26M Settlement with LPL Financial
The North American Securities Administrators Association (NASAA) reports reaching a settlement with LPL Financial LLC and state securities regulators that would require the broker-dealer to “repurchase from investors certain securities sold since October 2006 and to pay civil penalties that could total more than $26 million.” According to a NASAA statement, the recent settlement is… Read More >>
‘Bitstrade’ Forbidden to Do Business in the Garden State
A cryptocurrency investment entity, identified as Bitstrade, has been ordered by New Jersey government officials to stop trying to do business in the Garden State. In a cease-and-desist order issue via the Bureau of Securities, New Jersey Attorney General Gurbir S. Grewal and the Division of Consumer Affairs are taking steps to stop Bitstrade, described… Read More >>
SEC Temporarily Suspends Trading in ‘UBI Blockchain Internet’
The SEC reports the “temporary suspension” of trading in the securities of Hong Kong-based UBI Blockchain Internet, Ltd., whose predecessor company was known as JA Energy. The suspension began on Jan. 8, 2018, and is due to end at 11:59 p.m. EST, on Jan. 22, 2018, the commission says. The temporary suspension is a result… Read More >>
