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.
We watched this pattern unfold on Wall Street more times than I care to remember. A broker builds trust with an elderly client. The client signs a power of attorney or a limited discretion agreement. […]
Unauthorized trading drained elderly investor accounts before anyone noticed Read More »
A wave of recent FINRA disciplinary actions has exposed widespread failures by broker-dealers to supervise their registered representatives. In case after case, firms allowed churning, unsuitable recommendations, and excessive trading to continue for months or
How broker-dealer failures to supervise enable churning and suitability violations Read More »
FINRA ordered Cape Securities to pay approximately $145,000 in restitution to investors harmed by unsuitable sales of GWG L Bonds, a privately offered alternative investment that later collapsed.
Cape Securities Ordered to Pay $145,000 in Restitution Over GWG L Bond Sales Read More »
The Securities and Exchange Commission rescinded its long-standing no-deny policy on settled enforcement actions on May 18, 2026. For decades, settling defendants were barred from publicly denying the allegations against them. The reversal allows firms
SEC rescinds no-deny policy on settled enforcement actions Read More »
FINRA fined J.P. Morgan Securities $3.2 million for supervisory failures that allowed brokers to suppress margin call notices and misuse customer funds between 2016 and 2020.
We have reviewed hundreds of variable annuity complaints over the years, and the pattern is unmistakable. Brokers push high-fee products into retirement accounts where they serve no legitimate purpose, locking seniors into long surrender periods
SEC tightens scrutiny on variable annuity suitability violations in 2026 Read More »
Financial Industry Regulatory Authority enforcement actions are surging over record-keeping violations, especially broker use of personal messaging apps for business communications.
FINRA suspensions for off-channel messaging hit record levels in 2026 enforcement wave Read More »
The Supreme Court has handed the Securities and Exchange Commission a major enforcement tool by ruling that disgorgement does not always require proof of direct harm to specific investors.
We have spent decades watching Wall Street from the inside, and churning remains one of the most destructive practices a broker can inflict on a retiree. Churning — excessive trading to generate commissions — strips
Broker churning drains retirement savings as commissions erode nest eggs Read More »
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 »
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