The 2017 IA 25 Readers’ Choice
This year, we asked readers to weigh in on the most influential people in the advisory industry.
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.
The mystery Madoff victims who left $2.5 billion on the table
Offshore feeder funds account for part of the mystery and experts speculate some customers sought to avoid scrutiny.
Madoff trustee’s high court rebuff may cut victim recoveries
Irving Picard, the trustee unwinding Madoff’s firm, was seeking to reverse a December decision by the Manhattan-based U.S. Court of Appeals that shut off some older recoveries.
Ex-Madoff controller escapes prison term for role in fraud
Madoff, who pleaded guilty but refused to help prosecutors, was sentenced to 150 years in prison.
Two accounts with the same average return won't necessarily see the same results.
Who’s looking out for us?
Associations and regulators don't seem to have advisors' best interests in mind.
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.