Fraud

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    Possible fee refunds for poor performance spur debate

    Offering refunds on managed-account fees when portfolios lose value grabbed readers' attention this week in the wake of news that TD Ameritrade Inc.'s retail advisory service had gotten the green light to pursue this approach. The hot-button issue drew strong reactions, though it wasn't the first

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    Ex-LPL broker to pay nearly $2 million for defrauding clients

    Blake Richards misappropriated $1.7 million from at least seven investors, some of whom were elderly, according to the SEC's charges.

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    BofA settlement comes back to bite homeowners

    On today's Breakfast with Benjamin menu: BofA settlement bites homeowners. Plus: Warren Buffett feels compliance pain; a mortgage shop tries financial advice; fewer stocks participating in the bull market run; and stocks that could benefit from the ALS ice-bucket challenge.

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    Senior investor concerns, abuse get more regulator attention

    NASAA forms committee to tackle elder financial abuse and growing complexity of financial products.

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    Finra accuses indie B-D of falling down on anti-money laundering supervision requirements

    Aegis Capital is accused of facilitating an alleged penny stock scheme that generated $24.5 million in profits for clients and $1.1 million in commissions for the firm.

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    Advisers arming themselves against cyberattacks

    Ensuring all employees know the drill is key to avoiding a practice being compromised.

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    What role should advisers play in protecting clients from Internet fraud?

    Though advisers aren't necessarily cybersecurity experts, they can help prevent clients from becoming victims.

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    Ex-UBS broker accused of defrauding elderly in Ponzi scheme

    SEC has charged Donna Tucker with stealing $730,000 from older clients, including a blind couple.

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    Tips for finding the dirt during due diligence on funds, managers

    Documents, documents and documents – and face time ndash; win a client's confidence.

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    The Fed is now fretting about wage growth and surprise inflation

    Breakfast with Benjamin: Don't look now, but wage growth (for dishwashers, for example) is on the radar. Plus: The SEC's half fix for money funds, a golden cross for Goldman, judge blocks 'Wall Street Wolf's' sucker list, and big city life can be a drag.

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    Sopranos star's ex-husband pleads not guilty in stock fraud

    Defendants accused of manipulating the stock of four companies, causing investors to lose as much as $50 million.

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    Global consumer confidence soars

    Plus: Credit Suisse exits the commodities trading business, Allianz stands by Bill Gross, silver has a golden summer run, three taxes we can all dislike together, and don't let tourist scams rain on your vacation

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    Broker in alleged penny stock scheme already focus of customer complaints

    A registered rep involved in this week's penny stock bust has been the focus of at least two prior investor complaints surrounding high-risk private placements as well as the sale of so-called penny stocks that were at the center of the alleged “pump and dump” scheme. Matthew A. Bell, 47, was

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    Adviser misused $8 million in client funds: SEC

    An investment adviser in Seattle fraudulently misused more than $8 million of client assets to make loans to himself, buy a luxury vacation home and refinance a vintage automobile, according to the Securities and Exchange Commission. According to an SEC administrative proceeding released on

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    Penny stock bust includes ex-husband of 'Sopranos' star

    One of those arrested, Abraxas 'A.J.” Discala, was married to Jamie-Lynn Sigler