The SEC has revoked the registration of a Florida RIA that it says used a Ponzi scheme to defraud federal and state government workers of at least $34 million.
A former financial advisor charged with defrauding churchgoers of millions by spending the money they gave him to invest in REITs surrendered to the FBI this week.
Level Global Investors LP and Diamondback Capital Management LLC's offices were searched by agents of the Federal Bureau of Investigation, an agency spokesman said.
An enforcement action by the SEC against a chief compliance officer could add to growing concerns about a possible heightened regulatory focus on the role.
Two former executives of Bernard Madoff were arrested in connection with his Ponzi scheme, bringing the number of people charged in the fraud to at least eight.
Henry Hu, the law professor hired by the U.S. Securities and Exchange Commission to lead a new unit responsible for spotting threats to financial markets, plans to leave the agency by January.
The U.S. Internal Revenue Service dropped its demand for the identities of Americans who hold secret offshore bank accounts at UBS AG.
Securities regulators are trying to bring doctors and other medical professionals into the fold when it comes to protecting the elderly against investment scam artists.
The SEC may continue to examine some RIAs that are being officially transferred to state jurisdiction--at least for awhile, according to the SEC's compliance office.
A Raymond James executive is concerned that new rules will overwhelm clients with complex point-of-sale disclosures.
A money manager from Brooklyn, N.Y., ran a 30-year Ponzi scheme that defrauded hundreds of investors, a federal prosecutor told jurors at the start of his securities-fraud trial.
Just days after the Republicans took control of the House, financial industry leaders are worried the government is emphasizing speed over efficacy with financial reform.
The SEC has proposed a new rule that authorizes it to pay whistleblowers as much as 30% of the money it collects when imposing fines or recouping ill-gotten gains.
The U.S. Securities and Exchange Commission has set aside about $452 million to reward tipsters under new authority granted by the Dodd-Frank law.
Advisor Emporium
Robert Markman, a controversial, self-promoting money manager who shot himself in February, left a suicide note in which he admitted to defrauding investors of millions of dollars, according to...
A New York money manager who claims he's relate to European royalty has been accused of stealing another $690,000 in addition to the millions he already got through a Ponzi scheme.
A former financial advisor from Plymouth, Mass., who is serving a sentence of nine to 12 years in state prison for rape and kidnapping, has been sentenced for financial fraud.
Tiger Asia Management LLC has received a subpoena from the U.S. Securities and Exchange Commission, following allegations of insider trading by Hong Kong's securities regulator.
Money manager Kenneth Starr, who pleaded guilty in September in a $59 million fraud case, was sued by Bank of America Corp. over an unpaid $500,000 debt.