DOL Slams Ivy Asset Management in $210 Million Madoff Settlement
The DOL announced a settlement with Ivy Asset Management, a unit of the Bank of New York Mellon, in which Ivy will pay $210 million to compensate investors who suffered losses in Bernie Madoff’s Ponzi scheme.
Advisors Beware: Con Men Targeting Your Clients
The criminal world’s best and brightest minds have targeted the advisory business, warns 'Financial Serial Killers' co-author Tom Ajamie.
SEC’s IG Report Says Ex-Counsel Becker Benefited in Madoff Liquidation
An SEC Inspector General report released Tuesday alleged that the agency’s former general counsel, David Becker, benefited personally by participating in matters related to the liquidation proceedings dealing with the Bernie Madoff fraud.