Compliance/Fraud

1 2 3 4 5 6 7 8   [162]

Death-Bond Fraud Was Wide Ranging, Alleges Trustee

by

A bankrupt seller of life settlements cheated investors by lying about when policies lapsed, charging massive undisclosed fees and deceiving them about its practices in order to dodge securities...

U.S. SEC Charges Atlanta Firm Over Public Pension Funds

by

The SEC announces fraud charges against an Atlanta-based investment advisory firm and two of its executives for their handling of the city's pension funds for police, firefighters, transit workers...

Brokerage Co-Owner Used Investor Money For Cars, Statues

by

The co-owner of a Manhattan-based brokerage firm faces fraud charges after allegedly using $2.3 million of investor money to fund his lifestyle.

Your 'Financial Coach' Could Screw Up Your Life

by

To attract clients, a life coach needs an appealing personality, and that’s about it. Ethics and expertise are optional.

Franklin Resources Says $156M Lost-Shares Suit Is A 'Scam'

by

An heir of an early investor in the company offering Franklin and Templeton funds says he was cheated out of a 4,000-share bonus in 1973.

Bank CEOs Blame Currency Rigging On The Work Of A Few Bad Apples

by

Wall Street’s biggest banks admitted Wednesday to rigging currency markets around the world. Within minutes of the Justice Department’s announcement, they were blaming it on a few rotten apples.

SEC Proposes Increasing Risk Disclosures By FAs, Funds

by

Among them: Advisors would be required to provide information on their social media activities on Form ADV for the first time.

'Financial Coach,' Radio Host Lost $3 Million Of Clients' Money, Gets Nine Years

by

A St. Louis-area investment advisor and financial radio show was sentenced to nine years in prison for losing money that investors gave him to use as loans to real estate developers.

Golf Talk Was Ruse For $1.1M Insider Trading Scam, SEC Says

by

The SEC has sued a New York father-and-son team for orchestrating an alleged $1.1 million insider-trading scheme in which insider information was exchanged in coded e-mails about golf.

ITT Sued By SEC For Allegedly Lying About Student Loan Defaults

by

The SEC has accused one of the country’s largest for-profit college operators of lying to investors to hide the “abysmal” performance of its student loan programs.

1 2 3 4 5 6 7 8   [162]