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  1. Articles

    More distressing news for the 'Diva of Distressed' Lynn Tilton

    Breakfast with Benjamin: Lynn Tilton is now being charged with 'grossly' mismanaging $100 million in investor assets, which she denies.

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    SEC, Finra fine UBS $34 million over Puerto Rico funds

    Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud

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    LPL to pay $1.4 million fine and return investor money for certain nontraded REIT sales

    Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.

  2. Articles

    Seniors a 'bulls-eye' for scams uncovered by the states

    Advisers can help elderly clients avoid being a target, securities regulator says.

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    Former Morgan Stanley broker in Post-it notes insider trading case pleads guilty

    Traded on insider corporate tips he got from a middleman who showed him secret notes before chewing and swallowing them at New York's Grand Central Terminal.

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    Dawn J. Bennett charged by SEC with inflating assets and exaggerating returns

    Agency says Dawn J. Bennett and her firm inflated numbers from at least 2009 to February 2011 to try and lure in clients to new firm.

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    Regulator seeks to enlist advisers in war on money laundering

    A proposed regulation that would enlist investment advisers in the battle to prevent terrorists, drug dealers and other criminals from laundering their money through the U.S. financial system could be a costly proposition for advisers.On Tuesday, the Financial Crimes Enforcement Network, a unit of

  6. Articles

    How advisers can help clients arm themselves against data theft

    Eva Velasquez, chief executive of the nonprofit Identity Theft Resource Center, gives tips you can implement today.

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    Get ahead of the worsening news on the IRS data breach

    An email to clients is warranted as the number of citizens exposed in the tax hack triples.

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    SEC fines RIA $2.8 million and bars owner in 'Madoff of Main Street' case

    Regulator bars owner of Total Wealth Management, Jacob Cooper, known as 'Main Street Madoff' by former clients, and holds him liable in case where losses are expected to total as much as $44 million.

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    Ponzi schemer haunts AIG Advisor Group in arbitration decision

    FSC Securities is on the hook for a $1.28M arbitration award to investors who were swindled by a notorious con man featured on “American Greed: The Fugitives.”

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    Legislation would give SEC more time to go after fraudsters

    Sen. Reed proposes extending the statute of limitations on securities law violators from five years to 10.

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    An identity thief explains the art of emptying your clients' bank accounts

    Nightfall in Minsk means Dmitry Naskovets begins working the phone. At 24, Mr. Naskovets is tall and skinny, and still looks like the college kid he recently was. He's in his apartment's kitchen, in a respectable neighborhood off the second ring road in the capital of Belarus. He starts around 6

  12. Articles

    Chamber calls on SEC to reform use of in-house judges

    Group says enforcement needs clarity; among 28 recommendations to the agency.

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    Tipster who ate Post-it Notes in Grand Central avoids fine in insider-trading case

    In exchange for cooperating in SEC's ongoing case involving a former Morgan Stanley broker and a former law clerk, middleman Frank Tamayo will pay $1 million in ill-gotten gains, regulator says.