Switching clients’ mutual funds is well-established industry practice to generate commissions charged to clients.
Robert Swagger told clients he was investing their money into a streaming company for faith and family-friendly media projects.
The move to give Mary Callahan Erdoes a board seat comes amid accusations that the Wall Street giant enabled the deceased financier's sex trafficking operation.
The bipartisan measure, co-authored in the Senate by Elizabeth Warren and approved by President Donald Trump, clears numerous hurdles that held taxpayers back from challenging the tax agency.
Nearly a dozen industry associations signed a letter of support for the Financial Exploitation Prevention Act, which would let mutual fund firms and transfer agents pause transactions if elder abuse is suspected.
The White House has reportedly granted clemency for private equity executive convicted over $1.6 billion GPB Capital scheme targeting thousands of investors.
GWG Holdings and its bond issuance have been at the center of bankruptcy, litigation, and more. This is InvestmentNews' complete coverage.
appeals court has thrown out Neil Cole’s fraud conviction, raising the bar for government prosecutions in financial reporting cases.
A Texas judge dismisses fraud claims against a California fund manager after a high-stakes real estate joint venture falls apart.
A failed cannabis venture lands in bankruptcy court after fraud, SEC action, and millions in investor losses.
Wall Street firm alleges Matthew Madera violated agreements by calling clients on personal phones after departure.
The regulator alleges Srinivas Koneru fabricated performance metrics for his trade finance platform to secure approval for a merger that enriched him while investors lost nearly everything.
Lawsuit claims Wall Street banks misled investors as stock tumbles to half IPO price.
Axos Financial’s $15.2 million trading loss exposes gaps in risk controls and due diligence after a major clearing firm acquisition.
Investor lawsuit targets SEC and top market makers for alleged algorithmic price manipulation in U.S. securities markets.
Citadel and Virtu are accused of using rapid spoofing tactics to drive down Genius Group stock prices and profit from short trades.
Texas’ highest court says shareholders can’t sue fund advisors directly – claims must go through the trust, not individual lawsuits.
A federal court has affirmed prison time for a Puerto Rico promoter who ran a multimillion-dollar Ponzi scheme targeting investors.
Suit alleges founders withdrew millions while 340,000 investors lost access to crypto assets.
The SEC accused Joshua Goltry of defrauding investors of at least $3 million as he brazenly misrepresented past performance and fabricated account statements, among other misdeeds.
