Many people recently suffered a highly publicized financial disaster, accounts of which prominently concern the trading symbols VIX and XIV. We’re going to to attempt below to describe what happened in very simple terms. But as you’ll see, even the simplest description can be complicated. What’s XIV? XIV is the trading symbol for VelocityShares Daily

As you cruise around our website, you’re likely to see references to the Financial Industry Regulatory Authority, more commonly known by the acronym “FINRA”. If you don’t know what FINRA is and what it does, here’s a brief explanation. About FINRA FINRA is a private corporation that regulates brokerage firms and helps to oversee stock

Stockbroker Christopher Tolmacs was found liable in FINRA arbitration for breach of fiduciary duty, gross negligence, willful wanton misconduct, conversion of funds, securities fraud and violation of the SEC Act of 1934. He was most recently employed with Triad Advisors,  Harbinger Asset Management, LLC, and Harbinger Financial Group, Inc. His recommendation of unsuitable alternative investment

FINRA has suspended Mount Pleasant, S.C. stockbroker Mark S. Perry from associating with any brokerage firm in any capacity for a period of eighteen months. Perry was most recently employed by Independent Financial Group. Before that, he was associated with Royal Alliance Associates and Cambridge Investment Research Advisors. Perry made unsuitable investment recommendations to four

Beachwood and Independence, Ohio – Ryan Paugh is under FINRA investigation for violating NASD Rule 3040 and FINRA Rule 3040. Paugh has been associated with J.P. Morgan Chase Securities, and Chase Investment Services. He is being investigated for soliciting 5 individuals to participate in unregistered securities allegedly bearing high interest rates. The securities were for

Scott Newsholme, of Farmingdale New Jersey has been charged by the U.S. Securities and Exchange Commission with stealing more than $1 million from clients. Newsholme was a tax preparer and investment advisor who convinced clients to invest in securities, private ventures, and businesses. He cashed their checks and pocketed the money to support his gambling

The firm of J.J.B. Hilliard, W.L. Lyons, LLC was investigated by FINRA for breach of fiduciary duty; negligence, negligent supervision and other securities violations. In a case involving J.J. B. Hillard’s registered representative, all of Claimants’ blue chip stocks were sold and invested in funds of highly speculative oil and gas company known as Breitburn

Minneapolis, Minnesota – In a case recently settled in FINRA Arbitration, Mark Holt and Harbour Investments, Inc., were accused of negligence, breach of fiduciary duty, unjust enrichment, conversion, civil theft and other securities law violations. The claimant sought $1.2 million in damages. The amount of settlement was not reported. In 2014, Mark Holt defrauded multiple