SEC Enforcement: Phony Hedge Fund Manager Charged With Duping Small Businesses Out of $4M
In another action, a Canadian trader has agreed to settle SEC charges in a short-selling scheme.
SEC Enforcement: Court Fines Advisor for Misleading Clients Into Switching Firms
Meanwhile, SEC charges four with posing as portfolio managers to steal inside information and then trading on it.
Enforcement: Broker Convicted of Bilking Elderly Relatives in Fake Hedge Fund
Meanwhile, Goodyear agreed to pay $16 million to the SEC to settle bribery charges.
12 Worst Financial Advisors in America: 2014
Stealing huge sums from clients and bilking military veterans and disaster victims are just some of these advisors' egregious actions.
How a Rookie Advisor Can Make It, Part 1
Here's what it takes to survive your first three years in the advisory business.
Personal Securities Reporting: Push Back at Your Peril
Your spouse or parents may need to report certain securities they hold to your compliance officer. Failure to do so may get you fired.
SEC, FINRA Enforcement: Advisors Get $3.6M Arb Award After Boss Faked Client Complaints
In other actions, Massachusetts has charged Boston-based Cabot Investment Properties with fraudulent sales of real estate investments to seniors.
Retirees Suffer as 401(k) Rollover Boom Enriches Brokers
A three-month Bloomberg investigation found that former employees at major companies say sales reps lured them into rolling their 401(k)s into unsuitable investments.
John Lindsey: How Edward Jones ‘Brutalizes’ Breakaway Brokers
When John Lindsey broke away in 2012, Edward Jones sued for $5 million. But Lindsey fought back and is helping other brokers do the same.
SEC Enforcement: Goldman’s ‘Fabulous Fab’ Ordered to Pay More Than $825,000
In other financial enforcement news, two brothers charged by the SEC with insider trading last June were found guilty by a jury.