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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
Penny stock bust includes ex-husband of 'Sopranos' star
One of those arrested, Abraxas 'A.J.” Discala, was married to Jamie-Lynn Sigler
Wall Street techs take secrets to next job at their peril
Charges against trader are sign of prosecutor's willingness to criminalize financial industry disputes formerly relegated to contract litigation.
Markets climb in stride with pessimism
Plus: Janet Yellen's dovish optimism, Ernst & Young's $4 million lobbying settlement, how Citigroup agreed on that $7 billion figure, and QE has had almost no impact on unemployment
Citigroup reaches $7 billion mortgage bond settlement
Joins JPMorgan Chase in settling charges it misrepresenting the quality of mortgage-backed bonds sold to investors as housing prices plummeted.
Markets brace for the Fed's big talk about normalization
Plus: Individual investors zig as professionals zag, hedging the U.S. market by going global, Citigroup in the spotlight, and futbol mania
Ex-Sterne Agee broker faces expulsion over $6 million hedge fund
Finra charges broker Dean Mustaphalli opened fund and received commissions without disclosing the business to his firm. Whether Sterne Agee clients were affected remains a mystery.
Morgan fined $1 million in retired-broker snafu
Wirehouse slapped with fine after Finra alleged it paid retired brokers $100M in commissions without making sure they had stopped providing advice.
Sterne Agee confirms CEO was fired after investigation report
Sterne Agee Group Inc. on Monday confirmed that the decision to fire its former chief executive, James S. Holbrook, came after the firm was notified by federal investigators that he was the target of an investigation. “The firm was notified that Mr. Holbrook is the subject of an investigation” by
Former rep indicted in $2.5 million investment fraud
Patricia Miller promised clients high yields if they went into “investment clubs.”
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