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  1. Articles

    Fidelity offers service to combat elder financial abuse

    The firm's clearing and custody division is partnering with EverSafe to help advisers protect senior clients from fraud.

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    NFL star Freeney can proceed with fraud claim against Merrill Lynch

    NFL star claims Merrill Lynch was complicit in a scheme that caused him to lose $20 million.

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    Gold goes on a safe-haven rally in the wake of Paris attacks

    Breakfast with Benjamin: Gold jumps, with futures up more than 1% even as riskier assets like stocks find reasons to rally.

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    F-Squared haunts Virtus as fund distributor pays $16.5M to settle false performance claims

    Virtus Investment Advisers agreed to pay a $16.5 million fine to settle charges it publicized false performance data for the AlphaSector exchange-traded fund, the Securities and Exchange Commission reported Monday.According an SEC statement, Virtus published a “substantially overstated performance

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    Financial markets brace for fallout from the Paris terror attacks

    Breakfast with Benjamin: The financial markets are likely to be swept up in the immediate unrest following Friday's terror attacks in Paris.

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    Time for Congress to act on elder abuse

    Senior$afe Act seems like a win-win for financial advisers and their elder clients.

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    Calpers makes another move away from pricey investments by trimming real estate exposure

    Breakfast with Benjamin: Nation's largest public pension fund trims its real estate holdings with a $3B sale.

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    RCS Capital stock may be delisted from NYSE

    Exchange warning on share price comes as Massachusetts securities cop Galvin charges its wholesale brokerage, Realty Capital Securities, with proxy fraud.

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    Massachusetts' Galvin charges Realty Capital Securities with proxy vote fraud

    Massachusetts securities cop alleges the firm, part of RCS Capital Corp., fraudulently rounded up proxy votes to support real estate deals sponsored by Nicholas Schorsch's AR Capital.

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    Ex-Ameriprise adviser gets 7 years in the slammer for bilking clients

    Breakfast with Benjamin: Susan Elizabeth Walker was sentenced to more than seven years in prison for taking over $1 million from clients' accounts.

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    New bill aims to curtail elder financial abuse

    Measure would encourage advisers and financial institutions to report potential fraud, while protecting them from civil or administrative liability.

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    SEC's White says private placement fundraising booming, but fraud is not

    SEC's White says private placement fundraising booming, but fraud is not She notes that advertising of sophisticated investments has been muted Oct 28, 2015 @ 12:46 pm + Zoom Mary Jo White Hedge funds, private equity managers and issuers of private placements are raising more money from investors

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    SEC files record number of enforcement cases and highest fines in 2015

    SEC files record number of enforcement cases and highest fines in 2015 Agency brings actions against new kinds of securities fraud Oct 22, 2015 @ 1:22 pm By Liz Skinner + Zoom The Securities and Exchange Commission homed in on several new types of errant financial behavior this year as it filed a

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    Former adviser agrees to $2 million settlement in scheme to defraud mostly elderly clients

    Michael Donnelly admitted he never invested the client funds he received, using them for business and personal expenses.

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    Former Edward Jones adviser faces jail time

    Breakfast with Benjamin: A former Edward Jones adviser is sentenced to five years in the slammer for bilking a disabled woman out of more than $100,000.