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Four top executives of private-placement syndicator DBSI head to jail for fraud
Four top executives of DBSI Inc., one of the leading syndicators of private-placement investments, were convicted by a federal jury on multiple counts of fraud.
Cybersecurity gets the SEC's attention as agency plans to query advisers on safeguards
In risk alert, regulator provides advisers with a detailed checklist of what it expects firms to provide for cybersecurity protection.
Coming off yesterday's big bounce, futures do not look bright for today
Breakfast with Benjamin: Backing off the big bounce. Plus: Bill Gross confesses, Bank of America pays for cheesy marketing tactics, investing in wind energy and an urgent reminder to change those passwords
UBS, Merrill push to keep bond fund hearings in Puerto Rico
In confidential meeting, firms' attorneys oppose allowing arbitration cases to be heard in Southeast venues.
Citigroup's Mexican unit under FBI scrutiny for alleged fraud
Breakfast with Benjamin: Citi under the FBI microscope. Plus: Using P/E ratios to dispel bubble theories, re-calculating the size of the nation's oil reserves, big banks and big overdraft fees, GM and political grandstanding, and it's always a good time to teach kids about money.
When women-run retirement funds beat the boys
Breakfast with Benjamin: Women-run retirement funds have consistently higher returns than those run by men. Here's why. Plus: Four data points to watch this morning, dealing with a bankrupt hedge fund, how the FBI is watching high-frequency trading, and April Fool's Day around the web.
Morgan Stanley broker charged in $5.6M insider trading plot
Elaborate scheme allegedly included destroying evidence by eating Post-It notes beneath the clock at Grand Central Terminal
Finra freezes new arbitration cases in Puerto Rico
Finra freezes new arbitration cases in Puerto Rico as a flood of claims sends the regulator scrambling to find more arbitrators. Bruce Kelly has the story.
Former NAPFA chairman Spangler gets 16 years for fraud, must pay $19.8M in restitution
Thirty-two criminal counts include money laundering, investment adviser fraud, wire fraud.
SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam
The SEC charged a pair of brokers, an investment adviser and others in an $80 million variable annuity scam that an SEC official called a "calculated fraud exploiting terminally ill patients."
Finra fines two IBDs owned by Ladenburg Thalmann a total of $1.275M
Triad Advisors, Securities America failed to supervise reps who created and sent inaccurate consolidated account statements to clients, regulator says.
Finra's BrokerCheck comes under fire
Database omits bankruptcies, tax liens, and other vital information, lawyers group claims
SEC moves to halt pyramid scheme promoted through Facebook, Twitter
Regulator freezes assets of overseas firm that had bilked $300,000 from 15 U.S. investors.
Former adviser to the stars hit with fraud charges
Financial adviser allegedly spent more than $10K on someone else's credit card
Ex-Merrill adviser sentenced to 10 years in prison
A former Bank of America Merrill Lynch financial adviser was sentenced to 10 years in prison for running a Ponzi scheme that defrauded at least six investors of $2.7 million. Mason Braswell has the story.
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February 27, 2014