February 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.