The U.S.
Securities and Exchange Commission has set aside about $452 million to reward tipsters under new authority granted by the Dodd-Frank law.
by
Ray Fazzi
Robert Markman, a controversial, self-promoting money manager who shot
himself in February, left a suicide note in which he admitted to
defrauding investors of millions of dollars, according to...
A New York money manager who claims he's relate to European royalty has been accused of stealing another $690,000 in addition to the millions he already got through a Ponzi scheme.
by
Karen DeMasters
A former financial advisor from Plymouth, Mass., who
is serving a sentence of nine to 12 years in state prison for rape and
kidnapping, has been sentenced for financial fraud.
Tiger Asia Management LLC has received a subpoena from the U.S. Securities and Exchange
Commission, following allegations of insider trading by Hong Kong's
securities regulator.
Money manager Kenneth Starr, who pleaded guilty in September in a $59
million fraud case, was sued by Bank of America Corp. over an unpaid
$500,000 debt.
Connecticut has sued an investment advisor for charging investors over $26 million in fees based on inflated values of assets. Meanwhile, the SEC says the firm defrauded hedge fund investors.
Final details of the distribution of billions of dollars of assets as
part of Barclays Plc's purchase of Lehman Brothers Holdings Inc.'s
brokerage unit were never approved, the judge said.
by
Dorothy Hinchcliff
The U.S. District Court has frozen the assets of a New Jersey investment
advisor charged with misappropriating approximately $2.5 million from
clients to support a lavish lifestyle.
by
Ray Fazzi
The Securities and Exchange Commission has charged two hedge fund
managers with allegedly stealing $1.6 million in fund
warrants and collecting fees on assets that they purposely overvalued.
Employer-sponsored 401(k)
retirement plans will have to disclose fees that savers pay by 2012, the U.S. Department of Labor said.
Though a new definition of the family office signals
status quo for most ultra-wealthy families, it could force some to
register as investment advisers like their commercial counterparts.
by
Ray Fazzi
The Securities and Exchange Commission has proposed new rules that
define when an advisory firm is a "family office" and exempt from
regulation under the Investment Advisers Act of 1940.
by
Karen DeMasters
Financial advisors should integrate compliance activities, and possibly
compliance software, into their entire practice, says a recent FPA report.
Citigroup Inc. has lost an
arbitration ruling that will force it to pay almost $12 million in
damages in a case against actor Larry Hagman
Lincoln Financial Advisors Corp. must pay more than $4.3 million to a
group a 22 investors who accused a manager at the firm of "selling
away," according to a securities arbitration ruling.
by
Karen DeMasters
In response to recent shenanigans, law enforcement has boosted its resources
devoted to investigating and prosecuting financial white-collar crime.
by David J. Drucker
This tool should make your SEC audit go more smoothly.
by Leila B. Boulton
Are high-frequency traders running over investment advisors and their clients?
