The continued nuisance of firms and brokers that lose lawsuits and then run out on them is highlighted this month by the shuttering of a small broker-dealer based on Wall Street, Worden Capital Management, and its owner and CEO, Jamie ...

Investor complaints against brokers and financial advisers who sold private placements issued by GPB Capital Holdings have, until now, been far and few between, an unusual development in a case of the meltdown of a high-risk, high-priced product that has ...

Sigma Financial Corp., a large independent broker with close to 600 reps and advisers, is facing four arbitration claims seeking alleged damages of about $4.5 million, according to the firm’s most recent audited financial statement, called a Focus Report, that ...