Displaying 58 results
Former advisor, financial planner charged with defrauding NBA players
Four people face federal indictments in the scheme, and the former advisor is being charged by the SEC.
Brokers sold GPB private placements using the worst tactics in Wall Street’s playbook
Client appreciation dinners are all well and good, but private suites at Madison Square Garden are clearly beyond the pale.
Former GPB compliance chief pleads guilty to misdemeanor
The former SEC examiner was charged with obstruction of justice, a felony, last year
Purshe Kaplan Sterling in another million-dollar arbitration settlement
Payment linked to adviser who committed suicide in 2017
After almost a decade of fighting, the SEC and Ray Lucia finally settle
The 'Buckets of Money' adviser can apply to work in the securities industry again
PNC Bank accused of hiding evidence of wealth manager’s assault
The bank produced video of a man following an adviser to her car. Key footage is allegedly absent
Milberg client took pay to file suits
A lead plaintiff in securities suits admitted to accepting $6.1 million in secret kickbacks for serving as a lead plaintiff in securities lawsuits filed by Milberg Weiss.
Men charged in spam-fueled stock scam
Two Texas men have been charged with cheating investors in a $4.6 million stock scam.
Lawyer pleads guilty in securities case
A former partner at Milberg Weiss pleaded guilty to a federal conspiracy charge in the U.S. District Court.
No extradition for hedge fund fugitive
Runaway hedge fund manager Michael Berger, whose U.S. fund lost $400 million, was caught in Austria last week, according to published reports.
PwC settles Tyco case for $225M
PricewaterhouseCoopers will pay $225 million to settle $5.8 billion in accounting overstatements by Tyco.
BofA to stand trial in Parmalat case
An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.
Perelman fights for $1.58 Morgan award
Ronald Perelman has appealed to Florida's highest court to overturn a decision denying him a $1.58 billion award from Morgan Stanley.
Ex-Morgan worker files harassment suit
An ex-Morgan Stanley employee has accused the firm of failing to take proper action after her supervisor allegedly sexually harassed her.
Moscow court delays $22.5B BoNY lawsuit
A Moscow Arbitration court has postponed a hearing of a $22.5 billion lawsuit by Russia's federal customs service against Bank of New York Mellon Corp.
SEC charges five former Veritas execs
Two of five defendants will settle fraud case for $278,700; a lawsuit is pending against the other three.
Fund sued for $57M worth of illegal trades
Hedge fund management company Simpson Capital, its owner and head trader have been sued by the SEC.
Galvin slams UBS for hedge perks
UBS has been accused of "dishonest and unethical" practices in dealings with hedge fund advisers.
Fee dispute to be heard by Supremes
The U.S. Supreme Court has agreed to hear a dispute on whether a tax code allows trusts to claim a full deduction for investment management fees.
Merrill sued for discrimination
The EEOC has sued Merrill Lynch on behalf of an Iranian national who alleges that the bank discriminated against him.
