Lawyers, Guns & Money
Why is it important to work with a fiduciary?
This section of our site is dedicated to all the low-down, no-good, thieving rascals of the industry. It’s a shame that people were hurt by their actions, but at least we can smile (and maybe even laugh) knowing that they are getting what they deserve.
Each month brings new headlines. If you are interested in reading more about a particular story, just highlight the headline and right click on "search Google" (or the search engine of your choice).
SEC Bars One Bankrate Exec, Fines Another For Stock ManipulationTwo former executives of financial information website Bankrate have settled SEC allegations of stock manipulation.
California Bars 'Five-Star' Advisor, Pulls License From RIAAn RIA has accepted an industry bar and the revocation of his firm's license in California.
FSC To Repay ETF Investors 492KFSC has agreed to pay a $100,000 fine and repay clients $492,000 to settle a Finra case over sales of non-traditional ETFs.
SEC: Advisor Must Pay $2 Million For Stealing From Athletes To Fund MoviesLouis Martin Blazer III took money from professional athletes to fund movies, says the SEC.
Boston Hedge Fund Manager Arrested And Charged With Ponzi SchemeRaymond Montoya, who led the RMA Strategic Opportunity Fund, was charged by federal prosecutors.
8 Charged In Pump-And-Dump SchemeEight people from three states were charged in a pump-and-dump stock scheme.
Brokers Get Aggressive In Erasing Old ComplaintsA growing number of brokers are successfully erasing customer complaints from their records.
Finra Bars Former MS Broker In Improper Trades CaseThe former Morgan Stanley rep was barred from the securities industry after refusing to testify in a Finra proceeding.
Pennsylvania Levies Record-Breaking Fine Against Florida BrokerPennsylvania has fined Newbridge Securities for violations within its derivatives business.
California Scammers Impersonate Social Security EmployeesGolden State fraudsters have cooked up a new Social Security scam.
SEC Sues Sister Of Convicted Ponzi SchemerThe sister is accused of illegally profiting from her brother's Ponzi scheme.