SEC Enforcement: Advisor Barred for Hiding Astrology-Based Investment Strategy
Meanwhile, the SEC charged a California-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered.
Ponzi Schemer Kenneth Starr Goes to Jail for Defrauding Celebrities
Kenneth Starr, whose celebrity clients included Sylvester Stallone and Martin Scorsese, was sentenced to seven and a half years in jail for a multimillion-dollar Ponzi scheme.
Morgan Stanley, Ratings Groups Face Fraud Claims on Subprime
In the New York case, the plaintiffs claim Morgan Stanley wrongly marketed Cheyne as a high-quality investment, and that the rating agencies assigned improperly high ratings.