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 -...
top of page
Search
smalladvisorsunite
- Jun 13, 2022
- 1 min
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, 2022
- 1 min
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...
2 views0 comments
smalladvisorsunite
- May 19, 2022
- 1 min
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, 2022
- 1 min
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...
14 views2 comments
smalladvisorsunite
- Dec 2, 2021
- 1 min
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, 2021
- 1 min
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.“....
7 views2 comments
smalladvisorsunite
- Oct 30, 2021
- 1 min
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, 2021
- 1 min
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, 2021
- 2 min
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, 2021
- 1 min
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, 2021
- 1 min
More Shenanigans
The SEC busted some more RIA’s: Berthel Fisher & Company Financial Services Inc. and Regal Investment Advisors, LLC. Their ADV’a listed...
4 views0 comments
smalladvisorsunite
- Sep 15, 2021
- 1 min
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...
8 views0 comments
smalladvisorsunite
- Sep 9, 2021
- 1 min
Some recent SEC Actions
Periodically the SEC publishes actions they take against RIA’s. The SEC publishes months even years after they initiate investigations....
6 views0 comments
smalladvisorsunite
- Jul 26, 2021
- 1 min
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,...
11 views0 comments
smalladvisorsunite
- Jul 19, 2021
- 1 min
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, 2021
- 1 min
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, 2021
- 1 min
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...
21 views0 comments
bottom of page