SEC Enforcement Roundup: Husband and Wife Charged in Charity Fraud Against Seniors
Also among recent enforcement actions was the sentencing of an insider trading informant who managed to avoid prison time for his cooperation.
A Broker Who Broke Bad
Serving nearly 400 days in federal prison wasn’t what Justin M. Paperny had in mind when he became a stockbroker fresh out of the University of Southern California, psychology degree in hand.
SEC, FINRA Enforcement Roundup: Eli Lilly to Pay $29M to Settle Foreign Bribery Charges
The SEC recently charged Eli Lilly for violations of the FCPA and barred an Arizona-based fund manager from the industry after the fund’s collapse. FINRA ordered Pruco Securities to pay $10.7 million.
I’ve always been intrigued by financial advisors.
Corzine Starting a Hedge Fund? Outrageous, Maybe, but Not Unprecedented
As the criminal investigation into the former MF Global head is dropped, rumors swirl that he may be starting a hedge fund. He wouldn't be the first disgraced financier to do so.
N.Y. Action on Standard Chartered Surprised Other Regulators
Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.
Death, Delusional Clients and Other Hard Lessons From a Breakaway Broker
How a friend’s death led a wirehouse broker to go independent; lessons learned from a difficult, delusional client—these are just a few of the stories veteran advisor Bob Collins tells...
Protecting the Family Jewels
Whether your clients are decked-out glitterati or simply treasure Great-Grandma’s pearls, here’s what you should know.
Could You Have Saved These Clients? 7 Scams That Hit Celebrities Hard
Financial scandals are usually named for their perpetrators, not their victims, unless those ripped off are the famous.
PFGBest Collapse Leads to CFTC, FBI Inquiries
The CFTC and FBI have taken action against a Cedar Falls, Iowa-based broker after the discovery that $220 million was missing out of $225 million in customer funds. PFGBest founder Russell Wasendorf attempts suicide outside the firm’s offices.