Jo Kaufman: Morgan Stanley Denied Investor Allegations
Jo Kaufman (CRD# 1402522), a broker registered with Morgan Stanley, allegedly recommended unsuitable investments, according to a dispute which her member firm denied. This information is disclosed in her Financial Industry Regulatory Authority (FINRA) BrokerCheck record, accessed on June 28, 2023. This report notes that the Boca Raton investment professional is also known as Rosita […]
SEC Charges Miami Adviser Lina Garcia Over Cherry-Picking Allegations
Lina Garcia (CRD# 4447599) has been charged by the Securities and Exchange Commission with orchestrating a fraudulent cherry-picking scheme. According to her Financial Industry Regulatory Authority (FINRA) BrokerCheck report and SEC IAPD Report, Garcia is currently registered as an investment adviser with UCB Financial Advisers in Miami, Florida. She was previously registered as a broker […]
Did Your Trustee Breach Their Fiduciary Duty?
A fiduciary is a person or entity that is legally required to act in the best interests of another person or entity. The most common type of fiduciary relationship is a trustee that is appointed to manage assets on behalf of the beneficiaries of a trust. When a trustee fails to properly carry out this […]
Overview of Municipal Bond Underwriter Liability
The Security and Exchange Act of 1934, Section 10(b) and other relevant laws, contain anti-fraud provisions that obligate any persons and/or entities that engage in the sale of municipal bonds to meet strict disclosure requirements. When the sale of low quality bonds contributed to a financial crisis in 2008, the SEC retooled and strengthened it’s […]
Prices and Time: Duty of Best Execution
The duty of best execution is a legal requirement under the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) rules. It mandates that brokers must always provide the most advantageous order execution possible for their customers at all times. The purpose of the rule is to prevent brokers from sending their […]