01/09/2018
CFRA Announces New Client Relationship with SA Stone Wealth Management
“We believe access to robust, independent research is vital for our advisors to best serve their clients’ needs"
Legal, Regulation & Compliance
01/08/2018
Morningstar names Devbridge Group as 'Featured Integration Partner'
"Our clients have great ideas on how to innovate. Devbridge provides a proven process to quickly turn ideas into products."
01/08/2018
Concierge Auctions Accepting Global Properties For February Sale Targeting High-net-worth Chinese Buyers
Bidding event to showcase an exclusive collection of premier properties to global buyers, including outreach to the world's second largest economy in partnership with The Wall Street Journal and Mansion Global
01/06/2018
Looted antiques seized from Manhattan billionaire's home
The district attorney's office declined to comment on the evidence underpinning the search warrants.
01/04/2018
Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says
The indictment was unsealed Wednesday by federal prosecutors in Brooklyn.
01/04/2018
Merrill Lynch Bans Clients From Bitcoin Investment Trust
The Bitcoin Investment Trust was founded in 2013 by the serial-digital currency entrepreneur Barry Silbert.
01/04/2018
UBS Broker Wins $400,000 from Ex-Partner in Slander Case
“The panel determined that Grimes’ false and disparaging statements are not protected by the First Amendment,”
01/04/2018
Ex-Hedge Fund Exec Ordered To Pay $4M For Securities Fraud
Michael J. Spak, the former CEO of Osiris Partners LLC, was ordered to pay restitution to a list of more than 70 Osiris investors in amounts ranging from $14,000 to $222,000
01/03/2018
Ex-Merrill Lynch Manager Loses Mormon Bias Appeal
A three-judge Fourth Appellate District panel shot down dozens of complaints about Riverside County Superior Court Judge Gloria Trask’s handling of the trial
01/01/2018
What Happens When a Spouse Hides Money During a Divorce?
Some well-to-do spouses still engage in complex and expensive schemes in the attempt to keep assets for themselves and out of the pool of community property.
12/29/2017
FINRA hits JP Morgan Securities with $2.8M fine over custody failures
The SEC rule creates requirements to protect customers' funds and securities.
12/28/2017
Shkreli’s ex-lawyer convicted of aiding him in fraud scheme
Evan Greebel, a former lawyer for Martin Shkreli's pharmaceutical companies, was found guilty of helping Shkreli steal US$11 million
12/28/2017
Citigroup to pay $11.5m over false stock ratings
The firm’s actual research reports, which were available to brokers, and the research ratings appearing in those reports, were not affected by these errors.
12/27/2017
LPL on the Hook $462K For "Failures" Over Ex-Broker’s Ponzi Scheme
The SEC alleges from March 2011 to June 2016, Fossum raised over $20 million from more than 100 investors through unregistered securities offerings of funds he owned and controlled.
12/27/2017
Ex-KIT CEO Tuzman, Socialite Amanat Convicted at Fraud Trial
After the verdict, U.S. District Judge Paul Gardephe ordered Amanat jailed until he’s sentenced, ruling he’s a risk to flee. Gardephe allowed Tuzman, who wept openly during part of the proceeding, to remain free on bond.
12/26/2017
China Construction America Sued in New York State Court for Engaging in Massive Fraud
Claims Relate to China Construction America's Wrongdoings in the Baha Mar Resort Project in The Bahamas
12/26/2017
RBS Settles California MBS Case for $125M
“RBS decided to mislead California’s pension funds in order to line its own pockets — plain and simple,” California's attorney general says.
12/22/2017
Finra fines Raymond James $2 million over emails
FINRA found that during a nine-year review period, Raymond James’ email review system was flawed in significant respects
12/22/2017
Finra fines Raymond James $2 million over emails
FINRA found that during a nine-year review period, Raymond James’ email review system was flawed in significant respects
12/22/2017
Regulators probe MetLife pensions
Secretary of State William F. Galvin, who oversees the securities division, said the disclosure made note of the company’s failure to pay monthly pension benefits to workers