Blue Water Capital Management
Blue Water Capital Management

  (919) 589-2528

Specializing in retirement planning and personalized investment management.

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).

February 2017

24-Feb-2017

N.Y. Firm Fined For Overcharging Native American Tribe On Non-Traded REITs
The firm agreed to pay a fine and restitution of more than $4 million, Finra says.

Ex-BNY Mellon Employee Charged With Embezzling $7 Million
The Poughkeepsie, N.Y., resident allegedly used the stolen money to renovate his home and buy a luxury car.

U.S. Charges Fired Morgan Stanley Wealth Manager With Theft
He was charged with stealing about $5 million from clients and spending it on luxuries.

Advisor Paid Off Lawsuit With Investor Money, SEC Says
The SEC has charged a Connecticut advisor and his firm with stealing $3.95 million of clients' money.

Most Crooks Escape As IRS Impersonation Scams Grow
Most crooks are escaping as IRS impersonation scams grow, says a study by a U.S. Senate committee.

January 2017

31-Jan-2017

Fund Analyst Pretended To Be His Mother To Place Illegal Trades
The Freehold, N.J., man is awaiting sentencing after a jury found him guilty of insider trading.

Hedge Fund Manager Sentenced For Bilking Vets Out of $1.8 Million
Clayton Cohn received a 52-month sentence after pleading guilty to wire fraud charges.

'Hamilton' Tickets Part Of Alleged Ponzi Scheme
The SEC charged two money managers with defrauding investors of $81 million to buy tickets to A-list events.

Citigroup Advisory Unit To Pay $18 Million
The global financial firm overbilled clients and lost contracts, the SEC says.

Mass. Advisor Charged With Cherry-Picking Accounts
Michael Breton allegedly defrauded clients of $1.3 million, the SEC says.

Morgan Stanley To Pay $13M For Overbilling Clients, SEC Says
The firm is settling civil charges that it overbilled some wealth management clients.

Fund Manager Agrees To Pay $8M In Scheme For Early Twitter Shares
Gregory Gray told investors he was putting their money in Twitter and Uber.

Ameritas Hit By Finra For Equity-Indexed Sales
Ameritas failed to catch cases where securities were being liquidated to fund annuity sales, Finra charged.

Ex-Barclays Banker Leaked Tips For Job With Plumber; Gets Jail
The plumber used the tips to make about $76,000 in 10 illegal stock trades.

Brokers Gouged Clients With Excessive Fees, SEC Says
Two New York brokers bought and sold large amounts of stocks to generate hefty fees, the complaint says.

Finra Targets VA Sales, Again
Some brokers are inappropriately convincing clients to trade them on a relatively short-term basis.

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