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Florida congressman Grayson a victim of $18 million stock scam
Victims of $35 million scam put up securities as collateral for loans – and the stocks were sold without their permission
Look out below: T. Rowe Price warns of correction in the New Year
Today's Breakfast with Benjamin: T. Rowe Price warns of correction, Deutsche Bank bans chat rooms, the first-ever hedge fund ad debuts, big banks sweating over the looming Volcker rule, and EU Commission levies heavy fine for rate rigging.
Bernanke looks past end of QE and sees low rates for a long time
Today's Breakfast with Benjamin: Bernanke sees low rates for a long, long time; holiday retailers on the ropes; SAC Capital jury selection; investigating fishy employment data; coal becomes the next tobacco-style villain
SEC to mutual fund industry: Stop promising safety and protection
Today's Breakfast with Benjamin: The regulator tells the mutual fund industry to stop promising safety and protection. Plus, the QE government bonanza, JPMorgan's Twitter beatdown, SAC Capital trial could go inside the hedge fund.
Finra unveils new BrokerCheck
The Financial Industry Regulatory Authority Inc. on Tuesday officially unveiled its new, streamlined version of BrokerCheck, the database that keeps track of the work history and disciplinary records of current and former registered reps and member broker-dealers.
SAC agrees to plead guilty to end insider trading case
Billionaire Steven Cohen's SAC Capital Advisors, the hedge fund firm accused of fostering a culture of rampant insider trading, has agreed to plead guilty to a federal indictment and pay $1.8 billion. But that's not the end of the story.
Seinfeld star's adviser Bambi Holzer sued by Finra over Provident deals
Adviser to the stars Bambi Holzer is facing the wrath of regulators for allegedly lying to one of her former firms when she sold preferred shares of Provident Royalties in 2008. Her BrokerCheck report is one for the ages.
SEC proposes crowdfunding rules
The SEC announced its proposal for crowdfunding rules, but advisers remain extremely wary. With a potential vulnerability for fraud and failed investments, will the due diligence required for crowdfunding outweigh its actual benefits?
SEC chief outlines plans for strong enforcement program
The following is an edited transcript of a speech delivered by Securities and Exchange Commission Chairman Mary Jo White on Sept. 26 at the national fall conference of the Council of Institutional Investors in Chicago.
Former Merrill broker pleads guilty in insider trading case
Officials say broker helped Qualcomm executive trade on inside information over acquisition.
Texas man gets 40 years for phony annuities scheme
Robert J. Mangiafico Jr. of Allen, Texas, has been sentenced to 40 years in prison for defrauding elderly women out of nearly $500,000 in a phony annuity scheme. Mr. Mangiafico was sentenced Sept. 18 after more than two days of testimony in the 380th District Court in Collin County, Texas. He
Adviser, broker charged by SEC with insider trading
King Pharmaceuticals-Pfizer deal led to nearly $500,000 in illegal profits, agency claims.
Former Wells, Morgan Stanley adviser pleads guilty to check fraud
A former Wells Fargo & Co. and Morgan Stanley adviser has pleaded guilty to allegations he stole nearly $2 million from the accounts of an elderly widow. Officials said Adorean Boleancu wrote forged checks against his client's brokerage and home equity lines of credit to pay family members, a
Financial fraud is rampant but most people can't spot it: Survey
A new report finds that financial fraud is rampant but most people can't spot it: Many people find outsized return pitches "appealing." Uh-oh.
Money manager charged with defrauding brokers
A New York man allegedly posing as a money manager defrauded three brokerage firms of more than $2 million and robbed investors of another $450,000, according to charges filed by the Securities and Exchange Commission. The SEC alleges that Ronald Feldstein opened accounts at three brokerage firms
- Facebook's five-star ratings: The end of business pages for advisers?
- Pimco's El-Erian to step in to shore up $3B multi-asset fund
- Rebound in gold suits big guns Paulson, Soros
- New 3.8% surtax means new tax strategies for business owners
- Mountain of money in nontraded REITs continues to hold Wall Street's attention
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Blaine Aikin CEO, fi360
Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
Justin Wisz Co-Founder & CEO, Vestorly