SEC Charges John Sterling Myers and Sterling Capital in $3.6 Million Pooled Investment Fraud
The SEC charged John Sterling Myers and Sterling Capital with a $3.6 million pooled investment fraud affecting at least 28 investors in Illinois.
Law
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.
Foundations Investment Advisors Fined $1.2 Million by SEC for Conflict-of-Interest Disclosure Failures
Foundations Investment Advisors was fined $1.2 million by the SEC for failing to disclose conflicts of interest related to client investment recommendations.
Craigg McRae Fined $5,000 and Suspended by FINRA Over Unauthorized Discretion at Wells Fargo Advisors
Craigg McRae was fined $5,000 and suspended 15 days by FINRA for exercising unauthorized discretion in six Wells Fargo Advisors customer accounts.
Craig Allen Charged in Nebraska Casino Investment Fraud Scheme
The Securities and Exchange Commission has charged Craig Allen in connection with an investment scam tied to a Nebraska casino development. The case, filed in the U.S. District Court for the Northern District of Georgia,
Craig Allen Charged in Nebraska Casino Investment Fraud Scheme Read More »
SEC Charges Donald G. Basile and Monsoon Blockchain in 16 Million Dollar Crypto SAFT Fraud
The Securities and Exchange Commission has charged Donald G. Basile, GIBF GP Inc., and Monsoon Blockchain Corporation with an alleged securities offering fraud tied to Agreements for Future Tokens. The regulator claims the defendants raised
FINRA Suspends Supervisors Marc Harrison and Kelli Mezzatesta Over Reid & Rudiger Failures
FINRA has suspended supervisors Marc Harrison and Kelli Mezzatesta for failing to identify and investigate red flags related to churning and excessive trading at Reid & Rudiger LLC. The disciplinary actions follow FINRA’s expulsion of
Casey Muggleston Charged in $1.4 Million Constellation Insider Trading Scheme
Former Constellation Energy engineer Casey Muggleston has been charged by the Securities and Exchange Commission with insider trading tied to a confidential nuclear restart initiative internally known as Project Tetris. The SEC alleges Muggleston used
Casey Muggleston Charged in $1.4 Million Constellation Insider Trading Scheme Read More »
Merrill Lynch Fined $7.5 Million for SAR Filing Failures in SEC Settlement
Merrill Lynch, Pierce, Fenner & Smith Incorporated has agreed to pay a $7.5 million civil penalty to the Securities and Exchange Commission for systemic failures to file Suspicious Activity Reports between April 2020 and September
Merrill Lynch Fined $7.5 Million for SAR Filing Failures in SEC Settlement Read More »
SEC Creates Retail Fraud Working Group to Target Investment Scams in July 2026
The Securities and Exchange Commission announced on July 7, 2026, that it has formed a new Retail Fraud Working Group within its Division of Enforcement. The unit will focus on investment frauds that target everyday
SEC Creates Retail Fraud Working Group to Target Investment Scams in July 2026 Read More »
Former Analyst JianQing Li Charged in $320,000 Healthcare Insider Trading Case
Former analyst JianQing Li charged in SEC insider trading case involving twelve healthcare companies and over $320,000 in alleged profits.
Former Analyst JianQing Li Charged in $320,000 Healthcare Insider Trading Case Read More »
