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smalladvisorsunite
Jul 7, 20221 min read
SEC fines Schwab $187M
This company is despicable. Parades around on a white horse as the protector when in fact they are the destroyer. They have one goal -...
15 views5 comments
smalladvisorsunite
Jun 13, 20221 min read
SEC slams Schwab
Read today’s SEC action against Schwab. They were fined $187M for egregious behavior. They lied to their clients. Maybe they should be...
2 views0 comments
smalladvisorsunite
Jun 12, 20221 min read
Stephen Albert Greco
Aka David - just threw a rock at Goliath. He filed a lawsuit against Schwab and others . He used a phrase - “Silencing and Retaliation...
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smalladvisorsunite
May 19, 20221 min read
Still Living the Lie
Schwab continues to insist they want small RIA's. They continue to insist they do not discriminate against small RIA's. Yet, they will...
3 views0 comments
smalladvisorsunite
Feb 4, 20221 min read
Schwab and Judith Zabalaoui
This is a doozy. Starts back in 1974 when Judith Zabalaoui founded Resource Management in Metairie, La. Apparently she left the firm in...
22 views8 comments
smalladvisorsunite
Dec 2, 20211 min read
My Email to Tom Bradley and John Tovar:
Dear Tom Bradley and John Tovar, HCR Wealth Advisors, per the latest ADV filed on 10-31-2021 had $1.2B AUM. They custody with you....
35 views2 comments
smalladvisorsunite
Nov 20, 20211 min read
HCR Wealth Advisors
This one is a doozy. A rep for the firm, which has around $1.2B AUM,”defrauded and misappropriated funds from clients from 2012-2016.“....
8 views2 comments
smalladvisorsunite
Oct 30, 20211 min read
Schwab Pressures Small RIA’s
Schwab announced yesterday they will require all RIA’s to obtain Errors and Omission Insurance which must contain cyber and social...
21 views1 comment
smalladvisorsunite
Oct 27, 20211 min read
Another Pass?
Disciplined Capital Management, LLC (DCM) were themselves disciplined by the SEC. DCM failed to file and deliver to clients Form CRS....
9 views1 comment
smalladvisorsunite
Sep 24, 20212 min read
Frontier Wealth Management, LLC Too Big To Kick off the Platform?
On September 3, 2021 the SEC published an Administrative Proceeding against Frontier Wealth Management, LLC and Shawn Sokolosky. There...
13 views1 comment
smalladvisorsunite
Sep 24, 20211 min read
Who watches the watchers?
The SEC and FINRA are supposed to be watching the broker dealers, the Registered Investment Advisors. Who is watching the SEC and FINRA?
5 views0 comments
smalladvisorsunite
Sep 24, 20211 min read
More Shenanigans
The SEC busted some more RIA’s: Berthel Fisher & Company Financial Services Inc. and Regal Investment Advisors, LLC. Their ADV’a listed...
5 views0 comments
smalladvisorsunite
Sep 15, 20211 min read
Schwab Sued Again
Schwab is getting sued again this time a class action coming right after an SEC investigation. All about their latest pick pocket...
9 views0 comments
smalladvisorsunite
Sep 9, 20211 min read
Some recent SEC Actions
Periodically the SEC publishes actions they take against RIA’s. The SEC publishes months even years after they initiate investigations....
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smalladvisorsunite
Jul 26, 20211 min read
Big AUM Advisors Get Protection
When I got inside the compliance castle at Charles Schwab I learned of several Billion Dollar RIA's that committed compliance violations,...
12 views0 comments
smalladvisorsunite
Jul 19, 20211 min read
RIA Consultants Do Not Consult
There are lots of RIA consultants in the marketplace, but none know what I know. None even address the issue of termination. What does...
9 views0 comments


smalladvisorsunite
Jul 16, 20211 min read
Broker Dealer Indifference
Broker Dealers seem quite casual, if not indifferent, to informing RIA clients that they have terminated the contract with their advisor....
12 views0 comments


smalladvisorsunite
Jul 16, 20211 min read
How Interactive Brokers terminates
Today I learned how Interactive Brokers terminates RIA's. But first I must tell you that after 8 hours, and countless conversations with...
22 views0 comments
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