Articles Posted in Transamerica Financial Advisors

SEC Obtains Default Judgment Against Former Cincinnati, Ohio Registered Representative  The Securities and Exchange Commission (SEC) has obtained a default judgment against Scott Allen Fries. He was a Transamerica Financial Advisors registered representative from 2014 to 2019.  The regulator’s amended complaint accuses the former broker and investment advisor of raising…

FINRA Settlement Includes Restitution to More than 2,400 Customers In an agreement reached with the Financial Industry Regulatory Authority (FINRA), Transamerica Financial Advisors consented to pay $8.8M over the unsuitable sales of mutual funds, variable annuities (VAs) and 529 savings plans to customers.  $4.4M of this is a fine and…