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  1. Articles

    Bernie Madoff's son leaves more than $15M in his will

    Andrew Madoff, the son of the convicted Ponzi schemer, lists $11M in personal property and $4.5M in improved real property.

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    SEC takes a hard stance on soft dollar abuses

    The SEC recently announced sanctions against a broker-dealer in New York for ignoring red flags and making improper soft dollar payments to a San Diego-based registered investment adviser. The broker-dealer paid more than $400,000 to the RIA, even though the advisory firm failed to make full ...

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    Wells Fargo facing possible Finra action over anti-money-laundering failures

    Firm receives Wells Notice notifying it that action is possible because one branch office's activity

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    Helping hack attack victims an opportunity for advisers to boost trust

    The news last week that hackers had stolen nude photos of celebrities, as well as the more distressing disclosure that Home Depot suspects a massive breach of credit card data may have clients worried about their exposure to such fraud.Many advisers help clients after their credit and other

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    Bernie Madoff's last surviving son Andrew dies at 48

    Andrew Madoff, convicted conman Bernard Madoff's last surviving son, who insisted he had nothing to do with his father's massive Ponzi scheme, has died. He was 48.He died Wednesday at Memorial Sloan Kettering Cancer Center in New York after battling mantle cell lymphoma, his attorney, Martin

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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 its fee arrangement with a broker.

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    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

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    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.

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    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.

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    Senior investor concerns, abuse get more regulator attention

    NASAA forms committee to tackle elder financial abuse and growing complexity of financial products.

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    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.

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    Advisers arming themselves against cyberattacks

    Ensuring all employees know the drill is key to avoiding a practice being compromised.

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    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.

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    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.

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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.