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  1. Articles

    American Realty Capital Properties hit by lawsuit from institutional investors

    New York City Retirement Systems, TIAA-CREF join group of investors alleging ARCP misrepresented the company's business, "engaged in a scheme to deceive the market and a course of conduct that artificially inflated prices of American Realty securities.”

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    Shocking NYC murder highlights need for estate planning contingencies

    Case serves as a reminder that advisers need to plan for events in which a beneficiary becomes unable to inherit.

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    Falling oil prices are now officially costing jobs

    Friday's Breakfast with Benjamin covers oilfield job cuts coming hard and fast now that the oil boom is sinking. Plus: Ohio-based financial adviser charged in Ponzi scheme, movie industry hopes the Oscar nominees can drive ticket sales, and the time might be perfect to start buying stocks.

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    Goodbye, Tommy Belesis. We won't miss you.

    The rise and fall of the notorious owner and CEO of the defunct independent broker-dealer John Thomas Financial is now complete, and senior columnist Bruce Kelly says the industry won't miss him.

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    Florida firm linked to 'Wolf of Wall Street' raided by FBI

    Medical device firm accused of Medicare fraud; lawyer denies charges, says complying with federal probe.

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    What's good for individual investors is good for the whole industry

    The financial industry must take every action it can to weed out bad actors and rebuild investor confidence, including beefing up background checks for brokers.

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    SEC sues alts fund manager Daniel Thibeault for fraud

    After being arrested on charges of securities fraud, alternative fund manager Dan Thibeault is now facing related civil charges from the SEC, which claims he siphoned off some $16 million in assets from his GL Beyond Income Fund to use for personal expenses. He calls the situation 'bizarre.'

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    Sherwin Brown, former investment adviser turned coach, charged by SEC

    A former investment adviser who was barred from the industry and has since been working as a “money coach” is back in front of a judge on charges that he never stopped advising clients. (See also: The craziest regulatory blunders of 2014)

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    Morgan Stanley data offered on Internet for virtual currency

    Morgan Stanley discovered client data was stolen after someone posted information on 900 of its brokerage customers on the website Pastebin last month and asked potential buyers to pay for more with a virtual currency, according to a person briefed on the investigation.The bank had the data removed

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    Financial adviser sentenced to 51 months for ripping off elderly clients

    Tuesday's Breakfast with Benjamin features an adviser sentenced to 51 months of jail time for stealing from elderly clients. Plus: Bill Gross doesn't see a rate hike till late in the year, the latest bet for oil, and a don't-miss webcast sets the stage for 2015.

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    Puerto Rico investors sue UBS for $4.5 million

    Claim says UBS mismanaged a trust to keep monies invested in closed-end bond funds.

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    Cybersecurity needs to be a spending priority for advisers in 2015

    InvestmentNews survey finds only one-third of advisers expect to invest in protecting online information next year.

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    Fund board severs ties with Thibeault after arrest

    The small financial services empire of Daniel Thibeault, a well-known asset manager arrested earlier this month on charges of securities fraud, continues to unravel as the board of trustees of his fund moved to distance itself from him.

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    Two advisers owe $6.3M for selling hedge funds linked to Madoff

    Cited for due-diligence failure and not mentioning millions in fees received.

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    Finra bars broker for ripping off elderly client

    Former Wells Fargo Advisors broker charged with stealing nearly $89,000 and using it for personal expenses.