Overpriced in-house funds allegedly cost participants millions in lost returns
The "no client lost money" defense did not save the firm
A licensed strategy, a spreadsheet and internal emails that came back to haunt the firm
Regulator says contracts tied to a person's words or attendance will face heightened scrutiny before they can be listed.
Texas securities regulators initially accused Lasater RE Fund of fraud in June but later dropped those claims.
Investors were promised guaranteed returns from mobile homes that never existed
The Osaic-acquired broker-dealer failed to catch reps steering 295 clients into costly early UIT sales, regulator finds.
The products in question were a mix of sophisticated, complex and potentially volatile offerings.
Senior Democrats including Senator Bernie Sanders urge a DOJ and FBI investigation into thousands of allegedly fake comments backing DOL's private-assets 401(k) rule.
Siddharth Jawahar was sentenced 11 years in prison and $31M in restitution for running Swiftarc Capital fraud scheme
Edwin Lickiss earlier admitted that he defrauded at least 93 victims of over $9.5 million from 1998 through 2024.
Retire Through Ownership Act lets ESOP fiduciaries rely on independent appraisals, closing a decades-old valuation gap for private company stock.
House-passed measure would let fraud victims deduct losses and waive early-withdrawal penalties on stolen retirement funds.
Morgan Stanley is one of the leading wealth management companies in the country.
Michael C. Graham passed away in November. He was 53.
Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities.
“It was a third party scam,” said the attorney representing the claimants.
David Haughton, formerly of Carson Group and Commonwealth Financial Network, takes on VP of engagement role at Hargrove MSO, a subsidiary of Hargrove Firm.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
The proposal to eliminate Rule 206(4)-5 would end a 16-year-old restriction that firms say has unfairly suppressed political speech.
