Lawyer Abbe Lowell appeared in court to at least temporarily represent jailed money manager Kenneth Starr and his wife and urged the U.S. Securities and Exchange Commission not to be “heartless.”
A Canadian national who the U.S. government says swindled $70 million from 40,000 investors on six continents carried out the same kind of Ponzi scheme the one-time bank robber mocked on his website, federal investigators allege.
As the Securities and Exchange Commission continues its investigation of New York-based celebrity adviser Kenneth Starr and his alleged $30 million fraud, custody is emerging as a central issue.
The publicity surrounding Kenneth Starr's arrest constitutes another black eye for the financial advice business. A look at the details of the case reveals something many advisers already know: custody matters<br><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH><b>Gallery</b>: Kenneth Starr's A-list roster of clients</a>
U.S. Attorney Preet Bharara (above) said that investigators were searching Ken Starr's office and are trying to freeze 23 bank accounts as they search for more high-profile victims of the financial adviser, who was arrested for fraud yesterday. <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH&nocache=1&Params=Itemnr=1><b>A-List:</b> A look at Kenneth Starr's famous clients</a>
Despite all the hoopla about breakaway brokers, most of the wirehouse representatives going to independent broker-dealers are relatively low producers who fit the B-Ds' packaged-product and fee-based model.
A decision by Australia's high court clears the way for investors to sue the firm -- or what's left of it
Big brokerage firms appear to have taken a break from their costly musical-chairs game of broker recruitment, according to executives and headhunters.
Take the time to figure it out!
Hedge fund managers in the U.S. and Europe did a good turn for the Securities and Exchange Commission, and helped uncover an attempt at insider trading involving an employee of Walt Disney & Co.
For decades, "The Oaks" was the oceanside playground of the Barrons and the Bancrofts, heirs to the Dow Jones and Wall Street Journal fortunes. Today, the 20,000-square-foot mansion with 45 rooms and surrounding properties went on sale for $55 million.
The U.S. brokerage industry's top regulator, responding to yesterday's market plunge, said Wall Street needs to be more vigilant in halting stock bids during periods of cascading share prices
Peter Muller, who founded and leads Morgan Stanley's quantitative investment unit, bested 104 players last week to win the annual Wall Street Poker Night.
Bank of New York Mellon Corp. is closing nine of its wealth management branches in Pennsylvania, New York, and New Jersey, the company confirmed today.
Barclays Wealth, the $241 billion wealth management unit of Barclays Bank PLC, has snapped up a team of advisers from Neuberger Berman LLC, the company announced Wednesday.
The affluent are feeling as confident now about the economy and their investments as they did in December 2007
Despite a deafening silence from advisers on long-term-care planning, most consumers say they want input from a financial professional on LTC
