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.
Merrill Lynch, Pierce, Fenner & Smith Incorporated has agreed to pay a $7.5 million civil penalty to settle Securities and Exchange Commission charges. The broker-dealer failed to file numerous Suspicious Activity Reports from April 2020 […]
Merrill Lynch Faces $7.5 Million SEC Penalty for Suspicious Activity Report Failures Read More »
FINRA fined Pictet Overseas and Blue Ocean ATS more than $1.1 million combined for anti-money laundering program failures and supervisory deficiencies.
Pictet Overseas and Blue Ocean ATS Fined $1.1 Million for AML and Supervision Failures Read More »
FINRA expelled Reid & Rudiger LLC and barred principals Clifford Reid and Edward Rudiger for churning customer accounts and violating Regulation Best Interest.
Reid & Rudiger LLC Expelled by FINRA for Churning and Excessive Trading Read More »
Former Constellation Energy engineer Casey Muggleston is accused of making $1.48 million in unlawful profits by trading on confidential plans to restart the Three Mile Island nuclear facility.
The SEC charged John Sterling Myers and Sterling Capital with running a pooled investment fraud that raised approximately $4 million from 28 investors and left more than $3.6 million unaccounted for.
FINRA sanctioned broker Antonio Molinos for excessive trading that generated $158,500 in commissions while causing $358,979 in customer losses.
Antonio Molinos Faces FINRA Sanctions for Excessive Trading and Reg BI Violations Read More »
FINRA suspended broker William David Miller for failing to provide information during an investigation involving former firms Osaic Wealth and Woodbury Financial.
Investors should pay attention to a historic enforcement action from March 2026 that exposed widespread anti-money laundering failures at a global broker-dealer. The Financial Crimes Enforcement Network imposed an 80 million dollar penalty, the largest
Record Broker-Dealer Penalty Signals Tougher AML Enforcement for Investors Read More »
FINRA has suspended broker Lester Joel Hochler after findings that he failed to reasonably supervise a representative who recommended speculative debt securities to customers. Hochler, who held CRD number 3209012, was suspended from April 6,
Chihyu Jerry Hsu (CRD# 6193150) faces indefinite FINRA suspension after failing to respond to information requests. Former Park Avenue Securities and Morgan Stanley broker.
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