GPB executives used phony, back-dated documents as part of a scheme to defraud investors, federal prosecutor claims.
Financial advisors may be dragged through the muck when financing goes wrong.
'The evidence further reflected a pattern of churning,' one executive said about the case.
'The GPB case is bewildering,' says one senior brokerage executive.
SEC bars advisors who worked with Georgia Ponzi broker.
'What KKR is doing is a bold move that favors the investor,' one senior industry executive says.
'For a CEO to be investigated by Finra is a pretty serious red flag, traditionally,' says one attorney.
The NFLPA has shifted its focus from union-vetted individual advisors to powerhouse financial institutions, but is it helping the players in our ‘modern-day blood sport’.
Financial advisors are using ERISA to argue they are owed deferred compensation.
'Brokerage firms must broaden their horizons about what’s under scrutiny by regulators and what isn’t,' one compliance executive says.
