SEC Sues SIPC to Recover Funds in Stanford Scheme
The SEC on Monday asked a federal court to order the SIPC to initiate a liquidation proceeding for investors who were victims of the Ponzi scheme carried out by Allen Stanford.
SIPC Says It Need Not Reimburse Stanford Victims; SEC Disagrees
Dispute centers on meaning of 'theft' versus 'fraud.' SIPC to decide on next move by mid-September.
Libya Turned Down Madoff, Stanford Proposals: Wikileaks
A leaked cable via Wikileaks reveals, according to a Wednesday MSNBC report, that the regime of Libyan leader Muammar Ghaddafi was approached for the purpose of soliciting investments by both Bernard Madoff and Allen Stanford.
The Fast Track: The M Word Cometh
Traditionally, Independent advisors don't market. This has always bothered business consultants, who have used periodic market downturns to proclaim that now (whenever "now" was) is...
Chosen: 2009 Broker/Dealers of the Year
These are interesting times. If you think you have it tough as an independent advisor, imagine for a moment that you are running an independent...
Soapbox: A Modest Proposal for Wealth Managers
In "A Modest Proposal," written in 1729, the noted Anglo-Irish satirist Jonathan Swift suggested that the impoverished Irish could ease their economic troubles by selling...
Prepare for the if and the when
First Bernard Madoff. Now Sir Allen Stanford. Stanford, the colorful sponsor of cricket, polo, tennis and sailing events relished his access to the rich and...
The Downhill Danger of the Stanford Scandal
The demise of the Stanford Group has caused quite a whirlwind in the Baton Rouge area, where I practice, since ithad a significant presence here....