FINRA Bars Broker Who Ripped Off Blind, Elderly Widow
Hank Mark Werner received commissions for recommending that a client purchase an unsuitable variable annuity.
SEC: Barred Broker Bilked Retirees to Fund E-Cigarette Business
The broker, formerly of the firm depicted in "The Wolf of Wall Street," also used client funds for trips to the tanning salon, SEC says.
Advisor Lied to Pro Athlete About ‘VIP’ Fees: SEC
The advisor told the athlete and his wife that they were paying a special rate but charged them $1.2 million more than represented, SEC says.
Advisor’s ‘Mafia the Movie’ Scam Not a Hit With SEC: Enforcement
Meanwhile, FINRA barred three brokers, one for excessive trading and two for failure to supervise.
SEC Charges 13 in Telemarketing Boiler Room Scheme Targeting Seniors
The cold calling scams used high-pressure sales tactics to bilk more than 100 victims out of more than $10 million.
Former Advisor Charged with Taking $4.5M From Ex-NFL Player
An FBI investigation led to the charges facing the former financial advisor to defensive tackle Cory Redding.
Dallas Cowboy Sues Ameriprise Over Advisor’s Fraud
The football player claims the firm never told him about his ex-advisor's suspension or moved to stop fraud.
Ex-BofA Wealth Exec Charged in $2.7M Charity, AIDS Scam
Executive and her husband are accused of grabbing bank’s charitable donations and of fraud affecting HIV/AIDS children’s charities.
Tim Duncan’s Former Advisor Pleads Guilty to Fraud
The retired NBA star issued a statement after Charles Banks admitted to wire fraud in San Antonio.
SEC Charges Pastor With Fleecing His Flock
Larry Holley allegedly told prospective investors that as a person who “prayed for your children,” he was more trustworthy than a “banker” with their money.