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).

October 2016

31-Oct-2016

Advisor Charged With Cheating Pro Athletes Stripped Of CFP Designation
Ash Narayan is charged by the SEC with defrauding professional football and baseball stars out of $33 million.

Advisor Leased Mercedes-Benzes With Clients' Money
The SEC charges Los Angeles advisor with using client money for himself.

CFP Board Disciplines Designees
The CFP Board has revoked the right of three CFP designees to use the professional mark.

JPMorgan Criticized About Valuation Of Complex Bonds It Sold
The company inflated the value of complex bonds it sold to individual investors, a new study says.

For Wells Fargo, Angry Questions About Profiling Latinos
Matthew Castro says he’s sorry about what he did at Wells Fargo and even sorrier about the people he did it to: Latinos not so different from himself.

Wells Fargo Faces Costly Overhaul Of Bankrupt Sales Culture
Executives will have to rebuild systems of sales incentives and performance management that date back two decades.

Texas Advisor Suspended For Doubling Client’s Risky Assets
A Plano advisor was suspended for allegedly doubling a client's risky assets.

How Fidelity's Owners, Other Funds, Profit On VC Ahead Of Investors
A private venture capital arm run on behalf of Fidelity's Johnson family competes with the company's retail funds.

Cetera Subsidiary Agrees To $1.1M Finra Penalty
Investors Capital allegedly recommended unsuitable trades in unit investment trusts and other complex products.

Hawaiian Advisor Allegedly 'Cherry-Picked' $500,000 From Clients
Laurence Balter is accused of multiple acts of securities and advisor fraud by the SEC.

Massachusetts Hits Morgan Stanley Over Sales Contest
The state charged the firm with illegal conduct over a sales contest that promoted lines of credit for investment customers.

Morgan Stanley Broker Sentenced For Insider Trading Scheme
The Colts Neck, N.J.-man was sentenced for getting insider M&A tips.

September 2016

30-Sep-2016

UBS Fined $15 Million In Structured Note Case
The SEC alleged that the bank made unsuitable sales of reverse convertible notes.

How Sales Targets Encourage Wrongdoing Inside America's Companies
Wells Fargo is the latest company to see the incentivizing of employee performance go terribly awry.

'Whiz Kid' Lied To His Stock Newsletter Subscribers, SEC Says
Manny Backus wasn't a whiz at all and didn't even trade in the stocks he promoted, the SEC charges.

NBA Great Tim Duncan's Former Advisor Charged With Fraud
Duncan filed suit against the advisor earlier this year, claiming he was cheated out of $25 million.

SEC Fines Two Firms Over Trade-Away Costs
Robert W. Baird & Co. and Raymond James & Associates agreed to settle over trade-away costs.

Two Former Nicholas Schorsch Employees Charged By SEC
Two executives of the former American Realty Capital Properties are charged with securities fraud by the SEC.

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