The SEC has fined independent broker-dealer Woodbury Financial Services Inc. of Woodbury, Minn., $65,000 for a variety of violations of Regulation S-P, which prohibits disclosure of non-public personal information about clients to non-affiliated third parties, such as other broker-dealers.
A Southern New Jersey securities broker who operated a $1.8 million investment fraud scheme has been sentenced to more than eight years in prison.
Swiss bank UBS AG has been fined 8 million pounds ($13.3 million) for management failures which allowed employees to make unauthorized trades with customers' accounts, Britain's financial regulator said Thursday.
High on the mutual fund industry's “to do” list is defeating legislation that would impose a $150 billion-per-year tax on securities transactions.
The 20 most influential people in the advisory industry
A former Merrill Lynch broker has accused the firm of interfering with a regulatory inquiry into a case in which it allegedly skirted responsibility for advice given on a tax loss trade.
The receiver overseeing R. Allen Stanford's businesses announced Thursday that he is suing two former employees of the Texas financier's capital management firm for more than $11 million.
Apparently, the jailed financier, who is going through lawyers like bottles of bubbly, has his own ideas about what his courtroom strategy should be. Next up: legal team #4
Similarities between New York's Ponzi King and and an Auckland investment manager led an elderly client to contact officials. Guess what?
Contrary to what his lawyer indicated at the time, the Ponzi king apparently got crowned in big house bust-up in December
Federal prosecutors in New Jersey say a Florida man has admitted his role in a $20 million stock fraud and money laundering scheme.
New accounting rules and underpriced universal life insurance are just a couple of the issues keeping Joseph M. Belth up at night.
An investment fund manager from Tennessee drew a 14-year prison sentence Wednesday in a $33 million Ponzi scheme that cheated more than two dozen investors in the United States, Germany and Costa Rica.
The chairman of the Federal Reserve is concerned that congressional efforts at financial reform could weaken the central bank's ability to handle future crises and may politicize monetary policy.
A Philadelphia-area fund manager has been sentenced to 15 years in prison for running a Ponzi scheme that cheated investors out of $35 million.
Federal authorities today charged a Connecticut man with running a Ponzi scheme that allegedly bilked investors out of $20 million over nearly 12 years.
Two recent legal victories by securities firms involving the sale of auction rate securities suggest that institutional investors could find it tough to prevail in similar battles.
Investment adviser groups are up in arms about a one-sentence provision buried in the sweeping financial services reform legislation approved last week by the House of Representatives.
Sen. John Kerry of Massachusetts will look at whether financial advisers should continue to be classified as independent contractors.
An Emeryville, Calif., woman remains in federal custody after prosecutors say she admitted to defrauding hundreds of investors out of more than $8 million.
