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SEC charges investment adviser with fraud for not telling clients of fee arrangement with broker
The Securities and Exchange Commission has charged investment adviser Robare Group with fraud for not telling clients of fee arrangement with a broker.
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
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.
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.
Senior investor concerns, abuse get more regulator attention
NASAA forms committee to tackle elder financial abuse and growing complexity of financial products.
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.
Advisers arming themselves against cyberattacks
Ensuring all employees know the drill is key to avoiding a practice being compromised.
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.
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.
Tips for finding the dirt during due diligence on funds, managers
Documents, documents and documents – and face time ndash; win a client's confidence.
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.
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.
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
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
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