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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.
Phony adviser convicted for conning a real adviser out of $11.3 million
Breakfast with Benjamin: A fake financial adviser was found guilty of wire fraud and money laundering related to $11.3M he conned from a real adviser.
6 banks to pay $5.6 billion for manipulating foreign-exchange markets
Guilty pleas will require the banks' money management units to seek an exemption from the Labor Department to continue managing retirement plan assets.
Adviser faces nine years in prison for diverting investment funds
Self-styled “Financial Coach" sentenced to prison term, $3.6 million restitution for fraud.
Regulators zero in on protecting elderly investors
Finra files cease-and-desist order against brokerage firm for sales to older customers.
Widow of Home Shopping founder sues Morgan Stanley for $400M
Lynnda Speer, widow of a Home Shopping Network co-founder, alleges excessive trading and negligent supervision by Morgan Stanley in an arbitration claim.