Displaying 130 results
Securities America advisers caught in the private-placement crossfire
Last week, Securities America Inc. was tagged with a lawsuit from Massachusetts regulators alleging that the firm misled investors who were sold high-risk private placements.
Securities America CEO retiring after 22 years
Securities America Inc. chief executive Steve McWhorter said he will retire this spring after 22 years at the helm of the independent broker-dealer.
Securities America advisers called culpable in fraud
Securities America Inc. was tagged last month with a lawsuit from Massachusetts regulators alleging that the firm misled investors who were sold high-risk private placements.
Scammed Exxon Mobil retirees applaud sentencing of ex-Securities America rep
An Alabama man who ran a financial services company in Baton Rouge was sentenced Thursday to five years in prison for a securities fraud scheme in which more than 150 clients lost tens of millions of dollars after they retired.
Individual adviser faces class action over private placements
In an apparent first, a registered representative and his individual practice have been sued in a potential class action stemming from oil-and-gas private placements that the SEC claims were fraudulent.
Securities America program aims to groom million-dollar producers
Broker-dealers continue to look for ways to boost sales. One strategy: help employees get better at selling.
Despite warnings, Securities America advisers hawked private placements, new suit claims
Advisers with Securities America Inc. continued to sell offerings of allegedly faulty private placements after a firm executive sounded the alarm bell about these deals last year, according to a recently filed lawsuit.
Securities America, Ameriprise sued over $2B Ponzi scheme
A Florida woman is suing an Omaha-area based brokerage and its parent company, alleging they failed to warn her and others about investing in what she says turned out to be a $2 billion Ponzi scheme.
Stanford Ponzi case pits SEC against court-appointed receiver
The Securities and Exchange Commission has taken the unusual step of opposing what a court-appointed receiver is doing in the massive Ponzi case that involves companies owned by Robert Allen Stanford.
Securities America names Nagengast president
Jim Nagengast was named president of Securities America Inc., the broker-dealer unit of Securities America Financial Corp.
