Self-Directed Investments for Divorcing Clients: What Advisors Should Know
Many clients who receive retirement assets from an ex-spouse choose to invest them in a self-directed account. Here's how advisors can help manage those assets.
SEC Enforcement: Ex-Wells Fargo Analyst, Trader Charged With Insider Trading
SEC also hits two for insider trading on Pershing Square's Herbalife short, while Massachusetts charges a tax advisor with preying on elderly relatives.
10 Signs of Financial Exploitation
Kathy Greenlee, assistant secretary for aging at the U.S. Department of Health and Human Services, estimates about four out of every 10 elders is financially exploited.
Don't Give Your Money Away
Chubb's new social engineering fraud endorsement protects firms from theft by deception.
SEC Charges Marketing Company With International Ponzi Scheme
An international pyramid scheme raised more than $129 million worldwide, the SEC said, charging two execs with fraud.
SEC, CFPB Enforcement: AgFeed Fined $18M for Fattening Its Stock Price
Meanwhile, the CFPB sued for-profit chain Corinthian Colleges for predatory lending, and a hedge fund manager was charged with pocketing extra fees.
Some Money Market Funds Have to Be Honest With You
New SEC rules create a two-tier system: institutions get to know the cold hard truth about their investments' value, but individuals are still coddled.
FINRA Bars Ex-Wells Fargo Rep
Michael Frew may have set up a Ponzi scheme involving 30 investors and a man named “Guido.”
SEC Enforcement: Fund Manager Bilked Clients to Fund Kids’ Clothing Stores, Tavern
In other SEC actions, a judge barred an investment manager for placing false ads in magazines and newsletters.
IRS’ Top 12 Tax Scams: 2014’s Dirty Dozen
The spring tax season is a lucrative one for scam artists who prey on both unwary victims and complicit tax evaders.