Tim O'Connor's Blog

FINRA Releases Regulatory Notice Warning Member Firms of Volatility-Linked Exchange-Traded Products

In Regulatory Notice 17-32 , FINRA recently articulated the grave risks to investors regarding the sale of Exchange Traded Products.  Typically, these products are linked by tracking short and mid-term VIX future indexes – a very risky and volatile investment and surely not a safe investment for the average investor.   Exchange Traded Products have resulted in […]

Read Post

Wells Fargo Fined by FINRA for VIX Linked Exchange Traded Products

The Financial Industry Regulatory Authority (FINRA) has fined Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC $3.4 Million as required restitution relative to unsuitable recommendations involving volatility-linked Exchange Traded Products (ETP’s) and related supervisory failures related to these investments.   Volatility-linked ETP’s are very complex products, ill-designed for the average investor and […]

Read Post

SEC Issues Microcap Fraud Alert for Low-Priced Stocks

In a recent Release, the SEC warned investors about fraudulent schemes involving Over-The-Counter (OTC) stocks.  This warning also included stocks listed on the OTC Bulletin Board (OTSBB) and the OTC Markets Group, Inc. (f/k/a Pink Sheets).  Notably, companies quoted on the OTCBB/Pink Sheets and the OTC Markets are not subject to the more stringent listing […]

Read Post

Don’t Get Bit By Initial Coin Offerings – FINRA Issues Investor Alert

In an Investor Bulletin entitled “Initial Coin Offerings” the United States Securities and Exchange Commission warned investors about the pitfalls of ICO’s (Initial Coin Offerings) also known as token sales to raise capital.  The bulletin cautions investors to be wary of promises of higher returns which can be used to improperly induce investors to part with […]

Read Post

Have a Question?

Quick Contact


Blog Posts

Blog Post


RSS Feed