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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
Chamber calls on SEC to reform use of in-house judges
Group says enforcement needs clarity; among 28 recommendations to the agency.
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.
Adviser and former race car driver convicted of defrauding NHL players of $20M
A New York jury convicted a financial adviser and his partner, a former race car driver, in a multimillion dollar fraud that victimized several current and former professional hockey players including forward Michael Peca.
Judge throws out Camarda case against CFP Board
U.S. District Judge Richard J. Leon granted a motion for summary judgment and dismissed the controversial lawsuit against the CFP Board filed by Jeffrey and Kimberly Camarda involving use of the fee-only compensation label.
State regulators work on uniform approach to elder financial abuse
New measures are aimed at encouraging brokers to notify authorities when they suspect someone is trying to scam one of their clients.
Minnesota adviser gets 25 years in prison for Ponzi scheme
Sean Meadows pleaded guilty to diverting $10 million for business and personal expenses, including gambling and “adult entertainment.”
Older clients need more than a retirement plan
Advisers should be prepared to offer assistance for the next set of challenges facing the elderly, including transportation needs and protection from financial abuse.
NBA star Tim Duncan says losses from financial adviser topped $20 million
Future Hall of Famer Tim Duncan says he was pushed into investments despite conflicts of interest; adviser disputes the charges. (Don't miss: Athletes vs. Advisers)
SEC alleges Boston adviser defrauded clients and lost over $12 million
Interinvest founder hid his interests in penny stock companies he put clients in, agency says
Live Nation subsidiary that represented Mike Tyson charged with fraud by SEC
The regulator claims unit's former president took $670,000 in client funds for personal use
Stockbroker pleads guilty to stealing $6 million in Ponzi scheme
Claimed funds were invested conservatively but he was pursuing risky day-trading strategy.
SEC files fraud charges against two advisers for allegedly falsifying credentials
As the regulator announced the cases, it issued an investor alert urging the public to condduct background checks on advisers.
Former brokerage firm chief compliance officer charged with fraud
Faces both criminal and civil charges for allegedly funneling $500,000 of the $800,000 he allegedly scammed from investors to his brothers.
Third Madoff employee avoids prison sentence
David Kugel, who helped create fake securities trades as part of the $17.5 billion Ponzi scheme, received a lighter sentence after helping the prosecution.