On March 23, 2026, the Securities and Exchange Commission (“SEC”) released an order instituting cease-and-desist proceedings against Ally Invest Advisors, Inc. (“Ally Invest”), pursuant to its alleged violations of the Investment Advisers Act of 1940. Readers can access the SEC order here. The SEC alleges that Ally Invest, a wholly owned subsidiary of Ally Financial Inc., breached…
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A recent announcement from the Financial Industry Regulatory Authority stated that arbitration is open to disputes between investors and registered investment advisers, or RIAs. According to securities fraud attorneys, this is good news for investors who have been the victims of RIA fraud but can’t afford costly court proceedings. It has been unclear for quite…
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