FINRA Expels BD, Bars CEO for Fraudulent Muni Bond Sales
Robert Lawson transferred millions of dollars from a deceased client's trust to hide bond borrowers' poor financial condition.
New Tech Scam Warning Shows How Vulnerable We Are
Clients — or advisors themselves — might fall prey to a new, clever telephone fraud.
Citi to Return $22.5M in Excess Fees
The reimbursement, ordered by the New York Attorney General, affects about 47,000 mutual fund clients.
Barred Broker Pleads Guilty to SEC Obstruction, May Avoid Jail
The former advisor will also pay more than $580,000 in penalties for hiding referral fees from an elderly widow.
Napoleon Is Dead! Wait, That's a Stock-Market Scam.
Financial markets have been dealing with hoaxes, frauds and fake news for a long time. The wrong response can be costly.
Wine Merchant Gets 6 Years in Prison for Ponzi Scheme
John Fox ran Premier Cru, a "phantom wine" futures business that cost investors about $45 million.
Madoff Victims Poised to Start '17 With $342M in Payouts
Settlement financed in part by collection from Chais estate; trustee set to disburse as recoveries top $11.5 billion.
Ex-Rep Says He Stole $1.6M From Clients
The former advisor has pleaded guilty to stealing from a family that owned three trusts that he managed.
FINRA Reviews Cross-Selling by 207 Ex-Advisors at Wells Fargo
As senators press for action, the regulatory group says it is checking documents tied to firing or discharge of bank employees.
Ex-Broker Must Pay $600K for ‘Siphoning Money’ From Older Couple: FINRA
Jerome Krause fraudulently borrowed money from his clients when he was working for First Heartland Capital, FINRA said.