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Schorsch accused of manipulating ARCP books: Suit
American Realty Capital Properties Inc.'s former chief accounting officer alleges the ex-chairman ordered numbers to be changed.
If you only pay attention to a few market experts, Mark Mobius should be one
Friday's Breakfast with Benjamin menu also includes: There's always John Bogle ... or not; how much insider trading is now legal, about that spike in gold and the battle between oil and stocks is about to turn.
SEC settlement ends saga for former Ameriprise exec who aided SAC Capital insider case
A former Ameriprise Financial Inc. money manager who pleaded guilty to securities fraud must pay $390,103, a figure roughly equal to the gains regulators said her funds earned based on an insider tip about Yahoo.Law enforcement officials said Reema D. Shah, a tech-stock picker for Ameriprise
Madoff aide Daniel Bonventre sentenced to 10 years in prison
Mr. Bonventre, who ran Mr. Madoff's broker-dealer for almost 40 years, received half the minimum time prosecutors sought in the case.
Five former Madoff colleagues face prison sentencing
Bernard Madoff's inner circle, who benefited from the perks of his $17.5 billion Ponzi scheme, now face jail time.
SEC: Former alts B-D owner defrauded investors of $900K in stock scam
Owner of defunct broker-dealer faces an SEC suit for allegedly selling shares of a tech company more than once — to the tune of $900K.
Adviser who sold tax avoidance schemes sent to prison for tax evasion
California man acting as a financial adviser was sentenced to two years in prison for filing false tax returns.
Falcone resigns as chairman, CEO of Harbinger Group
Founder of hedge fund firm Harbinger Capital Partners last year settled a probe by U.S. regulators by admitting improperly borrowing money from his fund to pay his personal taxes.
Madoff scam recovery hits $10 billion, almost 60% of lost money, at a cost of $1 billion
Victims of the most infamous Ponzi scheme lost $17.5 billion but this week, recoveries reached $10 billion. The cost of liquidating the con man's defunct investment advisory firm has topped $1 billion but his former clients aren't footing the bill.
Commodity Futures Trading Commission teams up with SEC and Finra to combat investor fraud
Federal financial regulators collaborate on consumer website linking resources on advisers and investment products.
Despite Steven A. Cohen's investment, RCAP shares face short-term hurdles
Hedge fund giant Steven A. Cohen boosting his ownership of shares in RCS Capital Corp. is a positive sign for the company, known by its ticker RCAP, but the stock still faces hurdles in the near term, one investor said.“I think there is a ton of potential” for RCS Capital, said David Millican,
RCAP confirms regulatory inquiries
SEC, Finra and state securities agencies have been in contact with the Schorsch firm after a $23M accounting error was revealed at a sister company. RCAP also confirms Massachusetts investigation.
Financial scams hit a new low via adviser's Ponzi scheme on his mom
Start the week off with Breakfast with Benjamin, featuring an adviser pulling a Ponzi scheme on his own mother. Plus: JPMorgan settles with mineral-rights owners, becoming a 'financial catch,' and using dividend stocks to be like Warren Buffett.
State regulators name top offerings likely to hurt investors in 2015
NASAA calls binary options, stream-of-income and marijuana schemes emerging investor threats.
Game Changers: Dealing with Dementia Cognitive decline doesn't just rob the elderly of their mental capacity. Advisers and their firms often are left adrift, forced to make crucial decisions affecting the financial affairs of elderly clients.
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