RCS Capital’s Proxy Vote Scandal Ensnaring More Broker-Dealers
Massachusetts regulators say broker-dealer agents may have played a role in two fraudulent proxy voting schemes this year.
FINRA Proposes Rule for BDs to Help Stop Elder Fraud
BDs would be required to obtain a trusted contact for an elderly customer’s account; empowered to put holds on fraudulent-looking transactions.
SEC Enforcement: Advisor’s Deceptive Press Release on Barnes & Noble Halted Trading
Meanwhile, a consultant to Panda Restaurant Group and his friend were charged with insider trading related to the bidding process for P.F. Chang’s.
SEC, FINRA Enforcement: Ex-Oppenheimer Employees Fined in Penny Stock Case
Meanwhile, FINRA fined Global Strategic Investments LLC for suspicious Venezuelan bond activity.
SEC: Ex-Broker Sold Clients Fake CDs With 12% Interest
Former advisor Malcolm Segal is accused of a $15.5 million Ponzi scheme involving bank CDs — some real and some nonexistent.
SEC Enforcement: Oil CEO Charged With Bilking Investors via Spam Emails
Meanwhile, the microcap promoter who got in trouble for a pump-and-dump scheme involving Daniel “Rudy” Ruettiger's company is in the SEC's sights again.
SEC Enforcement: Court Fines Advisor for Misleading Clients Into Switching Firms
Meanwhile, SEC charges four with posing as portfolio managers to steal inside information and then trading on it.
Day Trader Inspired by ‘Holy Spirit’ Accused of Bilking Church Members
Massachusetts authorities say a church elder targeted congregation members with a "divine" day-trading system.
SEC Charges Advisor With Bilking Retired Teachers, Police Chief, Pastor
The Miami-based advisor of the Sterling Investment Fund must pay more than $748,000 in disgorgement and face criminal charges, the SEC says.
Former BofA Exec Sentenced Over Muni Bond Fraud
The 26-month prison sentence is tied to an eight-year scheme that involved 18 people and one corporation, the DOJ says.