Results for "fraud"
Displaying 1,012 results
June 14, 2009
The high-minded, fee-only advisers who lead the National Association of Personal Financial Advisors last week told its members that they are struggling to come to terms with allegations that three NAPFA advisers, including a former leader of...
June 12, 2009
The Securities and Exchange Commission and the Alabama Securities Commission announced today that they have charged Aura Financial Services Inc., a Birmingham-based broker-dealer, with churning customer accounts, supervisory failures and other...
June 10, 2009
A New York investment adviser faces charges of stealing $6 million from clients who included some who were terminally ill or cognitively impaired. Earlier today, the U.S. attorney's office for the Southern District of New York in Manhattan and...
June 9, 2009
Two California men and the companies they ran were charged today with conducting an $80 million Ponzi scheme that targeted Korean-American investors with false promises of annual returns of up to 36% from foreign currency trading, the Securities...
June 8, 2009
Evergreen Investment Management Co. LLC and Evergreen Investment Services Inc. have agreed to pay $40 million to settle SEC charges related to securities law violations. The Securities and Exchange Commission charged the Boston-based firms with...
June 5, 2009
A former Credit Suisse Securities LLC broker indicted in a $1 billion auction rate securities scandal has vanished, federal authorities say. Julian Tzolov along with another former Credit Suisse Securities broker, Eric Butler was scheduled...
May 28, 2009
The Securities and Exchange Commission today charged 10 brokers who worked for the former Brookstreet Securities Corp. of Irvine, Calif., with fraud. The SECs complaint alleges that the brokers falsely marketed investments in derivatives of...
May 26, 2009
Optimal Investment Services, the Geneva-based hedge fund arm of Banco Santander SA, has reached a settlement with Irving Picard, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, for $235 million. The settlement resolves...
May 26, 2009
Britain's financial services regulator fined and banned a Morgan Stanley trader on Tuesday for putting customers at a disadvantage by pre-hedging trades without their consent the third sanction linked to the bank in the last two weeks. The...
May 26, 2009
The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of a former finance professor at Texas A&M University and a Houston lawyer and CPA, charging them with defrauding investors by using forged bank...
May 20, 2009
A Wall Street brokerage firm collected $6.2 million in illegal fees by duping hundreds of investors into buying stocks at inflated prices, a prosecutor said today. An indictment charged the two founders and 15 former employees of the now-defunct...
May 19, 2009
J. Ezra Merkin, a once-renowned money manager who turned out to be one of fraudster Bernie Madoffs most important sources of cash, agreed to step down from running his investment funds under an agreement with the New York State Attorney Generals...
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