Federal Financial Services Inc

I received the following fake email from someone about SAM registration (cleared personal details) Dear XXX, This message serves as an official notice regarding the System for Award Management (SAM.gov) registration associated with the entity listed below. As of February 13, 2025, the registration is currently under review and requires attention to ensure continued compliance. Federal regulations require all entities seeking eligibility for federal contracts, grants, or ongoing payments to maintain an active and accurate SAM.gov registration. Registrations must be reviewed and renewed on an annual or multi-year basis to remain in good standing. If your organization plans to engage in federal contracting or receive federal financial assistance, timely completion of this review is strongly recommended. Key Points to Note: SAM.gov is the official federal system used to manage entity registrations. Review and validation timelines may vary depending on the information submitted. Incomplete or delayed action may result in temporary payment holds or loss of eligibility for federal opportunities. Next Steps to Complete the Review: Log in using the SAM.gov credentials associated with CAGE Code XXX Open the confirmation email referenced below. Select "Confirm Entities" to access available registration actions. Choose the appropriate Annual or Multi-Year option from the Actions panel. Complete all requested updates and validations. Submit the review for processing. A system confirmation will display once submission is successful. Coordinate with your assigned registration agent if follow-up is required. Additional Validation Information: Entity Verification: Legal business name and physical address must be confirmed. Most entities validate automatically; however, some cases may require manual review, which can extend processing time. TIN and CAGE Validation: All U.S. entities must complete [BBB Scam Type: Government Agency Imposter] [Business: SAM Registration Servic

Federal financial regulator FINRA only fined LPL Financial Services 2.75 million after it failed to investigate or report numerous attempts to gain unauthorized access to its electronic systems, showed holes in its anti-money laundering programs and ignored customer complaints.

While federal financial regulators like FINRA and the SEC sleep and wait for the next financial crisis, state regulators are on their own in protecting their retirees. This 26 million dollar fine was given to LPL Financial for selling unregistered securities over many years in all US states.