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FINRA arbitrators ordered the wealth manager and closed-end funds manager to pay damages as it resolves outstanding claims stemming from the island’s fiscal crisis.
May 21 -
After Brooklynn Chandler Willy recommended that the clients invest $100,000 into an LLC, its principals were arrested on federal fraud charges, the filing says.
May 20 -
The giant retirement plan recordkeeper’s BD didn’t adequately file suspicious activity reports for more than three years, according to investigators.
May 18 -
A barred broker’s alleged version of the “infinite banking” strategy recommended that clients liquidate their 401(k)s or IRAs to buy variable annuities.
May 13 -
Anthony Diaz began the sentence immediately after a hearing in which a victim said he should “rot in hell” for the felonies.
March 30 -
The wealth managers paid victims restitution prior to one barred rep’s guilty plea and another one’s sentencing.
March 23 -
The broker allegedly spent his client’s money on luxury items then pivoted to a Medicare fraud scam a couple of years later.
March 16 -
Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.
March 12 -
The rare move to set aside the regulator’s ruling came more than a decade after the rep ran into trouble by adding notes about his client into a software program.
March 11 -
The rep reeled in at least a dozen victims to the complex scam even though he was suspended from the industry for a different case, according to investigators.
March 9