April 2017

U.S. Charges Investment Bank VP With Insider Trading
The company that employed the man is registered as both a broker-dealer and an investment advisors, according to the SEC.

Advisor Loses CFP Mark In $1.3 Million Cherry-Picking Scheme
Michael J. Breton of Waltham, Mass. allegedly kept the profits from his clients' successful trades for himself.

Raymond James Pays $150 Million To End Jay Peak Fraud Case
The case involved the alleged misuse of investments in a Jay Peak ski resort project.

'Best Banker In America' Blamed For Wells Fargo Sales Scandal
A report by the bank's board blamed a high-pressure sales culture and lack of oversight by a retail executive.

Romantic Liaisons Lead To Fraud, $1.8 Million Penalty
A Connecticut man's fraud victims included women he met through online dating sites, the SEC says.

Former Advisor To NBA's Tim Duncan Pleads Guilty To $7.5M Fraud
The former San Antonio Spurs all-star filed a lawsuit against the advisor in 2015 seeking $1 million in damages.

Third Avenue In $14.25 Million Settlement Over Junk Bond Fund Collapse
The well-known firm and its founder Martin Whitman have settled a lawsuit charging a junk bond mutual fund was mismanaged.