SEC

The advisor allegedly sold $13 million worth of high-risk securities without disclosing that she earned commissions of up to 18%.

Regulators in Massachusetts launched a “sweep” of more than 60 firms that sold nearly $1.3 billion in limited partnerships sponsored by GPB Capital.

The IBD’s advisors did not understand investments they sold to clients, the SEC says.

Lehman Brothers had collapsed. Panic, instability and a recession followed. Ten years later, the lessons from that era echo even more resoundingly.

The agency says the biotech magnate and nine others made $27 million pumping up penny stocks.

The firm allegedly encouraged clients to use an affiliated investment advisor, and benefitted from the fees it charged them.

The SEC says the 33% owner of the parent of the IBD network participated in unlawful microcap stock sales resulting in “virtually worthless” investments.

In response to a Supreme Court ruling, the regulator will revisit 126 legal proceedings, including nearly two dozen advisor cases.

Joel N. Burstein allegedly helped his father-in-law defraud foreign investors hoping to immigrate to the U.S.