January 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.