We cover latest news on investor lawsuits, investigations and investment fraud. Unfortunately, investment fraud is very common, especially with seniors. We report on several different kinds of security fraud that includes Ponzi-Schemes, Bad Accounting and Improper Sales Practices.
The SEC unsealed charges against Daryl F. Heller, Paramount Management Group, and Prestige Investment Group alleging a Ponzi scheme affecting roughly 2,700 investors.
SEC Alleges $400M Ponzi Scheme by Daryl Heller and Paramount Management Group Read More »
FinCEN, SEC, and FINRA imposed an $80 million penalty on Canaccord Genuity for anti-money laundering failures that left penny stock manipulation unchecked for years.
Canaccord Genuity Hit With $80M AML Penalty for Unread Surveillance Reports Read More »
The SEC has opened an administrative proceeding against Western Asset Management Company LLC, raising questions about conflicts of interest and fiduciary obligations to mutual fund investors.
FINRA imposed $1.16 million in combined fines against Pictet Overseas Inc. and Blue Ocean ATS for anti-money laundering failures tied to low-priced securities trading.
Brokers push high-fee variable annuities into IRAs where they serve no purpose, locking retirees into long surrender periods while collecting oversized commissions.
How variable annuity fraud drains retirement accounts across America Read More »
Former JPMorgan broker Brent Ryan Bodner was awarded $4.25 million in a FINRA arbitration after the firm fired him over a disputed $642.50 deli platter expense.
Thomas Pipich Jr. was sentenced to 27 months in prison and ordered to pay $4.7 million in restitution for defrauding an investment client.
Pittsburgh Financial Advisor Sentenced to 27 Months for $4.7 Million Investment Fraud Read More »
Ally Invest Advisors agreed to pay a $500,000 civil penalty after the SEC found undisclosed conflicts in its robo-advisor fund selection algorithm.
SEC fines Ally Invest Advisors $500,000 for robo-advisor conflict of interest Read More »
A federal jury convicted Citron Research founder Andrew Left of securities fraud and market manipulation for misleading investors about his trading positions.
Short seller Andrew Left convicted on 13 counts of securities fraud Read More »
The SEC charged Nathan Fuller with raising $12.3 million through a crypto trading scheme using fake AI bots. Most funds were never traded.
SEC Charges Texas Man With $12.3 Million Crypto Fraud Using Fake AI Trading Bots Read More »
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