Displaying 30 results
Morgan Stanley banker faces block-trading probe
The SEC and the Justice Department are looking at how bankers, including those at Morgan Stanley and Goldman Sachs, work with hedge funds to carry out stock sales big enough to send prices tumbling.
Former UBS rep charged with stealing $5.8 million
German Nino used $4.2 million of a client's money on gifts for several women with whom he had romantic relationships.
Ponzi fraudster sentenced to 17½ years
Ex-broker Perry Santillo also must pay $103 million in restitution.
Ex-adviser gets 2 1/2 years for stealing $600,000 from elderly client
Matthew Clason was registered with Lincoln Financial Advisors until 2016, when he moved his registration to LPL Financial.
Head of defunct broker-dealer charged with fraud
Thomas Brenner, former CEO of First American Securities of Orrville, Ohio, is facing seven fraud charges linked to sales of private placements.
Trader who blew up IFS Securities charged with fraud
The trader, Keith Wakefield, was charged with one count of securities fraud, which carries a maximum sentence of one year in prison.
Aon, Willis cancel $30 billion deal amid DOJ impasse
The insurance brokerage, which couldn't convince the U.S. that the combination wouldn't restrain competition, will pay a $1 billion termination fee to Willis Towers.
U.S. sues to block Aon’s $30 billion Willis Towers deal
The Justice Department says the deal, which would create the world's largest insurance brokerage, is anticompetitive.
Visa, Plaid abandon $5.3 billion deal amid antitrust suit
The Justice department sued to block the acquisition in November, accusing Visa of trying to buy the financial technology firm to eliminate an emerging threat to its online debit business.
Schwab-TD deal wins DOJ antitrust approval
The completion of the investigation is an “important milestone” toward the proposed acquisition, said Charles Schwab CEO Walt Bettinger
