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Lawyers, Guns & Money

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).

August 2017


SEC Bars One Bankrate Exec, Fines Another For Stock Manipulation
Two former executives of financial information website Bankrate have settled SEC allegations of stock manipulation.

California Bars 'Five-Star' Advisor, Pulls License From RIA
An RIA has accepted an industry bar and the revocation of his firm's license in California.

FSC To Repay ETF Investors 492K
FSC 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 Movies
Louis Martin Blazer III took money from professional athletes to fund movies, says the SEC.

Boston Hedge Fund Manager Arrested And Charged With Ponzi Scheme
Raymond Montoya, who led the RMA Strategic Opportunity Fund, was charged by federal prosecutors.

8 Charged In Pump-And-Dump Scheme
Eight people from three states were charged in a pump-and-dump stock scheme.

July 2017


Brokers Get Aggressive In Erasing Old Complaints
A growing number of brokers are successfully erasing customer complaints from their records.

Finra Bars Former MS Broker In Improper Trades Case
The 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 Broker
Pennsylvania has fined Newbridge Securities for violations within its derivatives business.

California Scammers Impersonate Social Security Employees
Golden State fraudsters have cooked up a new Social Security scam.

SEC Sues Sister Of Convicted Ponzi Schemer
The sister is accused of illegally profiting from her brother's Ponzi scheme.

Still want more scams? Check out www.ponzitracker.com and www.sec.gov/litigation/litreleases.shtml