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David W. Schamens defrauded clients for $6.8 million in a Ponzi scheme despite being banned by the SEC decades earlier, according to investigators.
March 17 -
Fusion Analytics Securities sold $1.8 million in bonds and collected 8% commissions while making material misrepresentations, the regulator says.
March 17 -
SEC, FINRA and legislators are set to plant significant flags on the quickly evolving asset class’ landscape.
March 14Onramp Academy -
Worden Capital’s barred CEO allegedly had an “oral agreement” with a private placement issuer that he didn’t disclose to the firm’s brokers or its clients.
March 11 -
The regulator didn’t provide any explanation for the much larger payout, but it did release another similar settlement the following day.
March 11 -
Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”
March 10 -
A law firm’s analysis of what the self regulator is doing to rein in bad brokerages and advisors marshalls data not easily found.
March 8 -
A judge’s decision puts new pressure on the brokerage industry watchdog and the SEC.
March 3 -
Akshay Singh’s Indyfin seeks to give more independent practices access to client leads and the potential opportunity of online reviews.
March 3 -
Despite industry criticism, the regulator’s ongoing wave of cases has expanded into allegations that wealth managers breached their duty of best execution.
March 3