Financial crimes

Newly released documents highlight the challenges that Carrie Tolstedt and four co-defendants are likely to confront as they face civil charges involving sales misconduct at the bank.

After the client died at age 98, the advisor allegedly moved on to bilk another elderly investor, authorities say.

The onetime CFP pleaded guilty to violating his parole after previously avoiding prison time through a plea deal in 2018.

The advisor had been previously arrested at the airport prior to boarding a flight.

After serving 18 months in jail, Craig Rothfeld knew “other people would need help too.”

A watchful planner might have saved a matriarch’s IRA from being allegedly pillaged by her son.

Five years of alleged promises, checks that never arrived, and a mysterious employee named “Tryg Nederloe” add up to a bizarre saga with wide ramifications.

The major custodian lost its second arbitration case — with even more filings likely — over the services it provided to a brokerage later proved to be engaged in massive fraud.

The settlement marks the bank’s largest yet from a series of scandals that claimed two chief executive officers.

The former investment advisor, convicted of running one of the biggest Ponzi schemes ever, says he suffers from terminal kidney failure and other ailments.

Edward E. Matthes allegedly renovated his home, paid child support and bought luxury items with client money.

He used client funds money to pay for massages, jewelry and to shore up his wife's failing pet store.

The advisor was charged with overbilling clients by hundreds of thousand of dollars and diverting millions from the company’s payroll to his own account.

“I want to give a huge thank you to my clients” for feeding local families, Keith Springer blogged the same day the SEC filed its complaint.

The SEC says broker-dealers may treat investment advisors as if they were subject to the AML Rule — under certain conditions.

A former rep has drawn at least 30 claims after pleading guilty to fraud, while clients of another ex-LPL advisor are seeking damages five years after his initial arrest.

Her hospitalized client's accounts had more than $14 million in transactions over a nine day period, according to FINRA.

He used investor money for his $6.7 million home and $3.1 million for chartering planes and personal travel, according to prosecutors.

The regulator’s move follows a Financial Planning investigation into whistleblowing by former JPMorgan financial advisor Johnny Burris.

NASAA’s annual survey of regulators sheds light on legal proceedings against BDs, RIAs and unregistered firms that often go unnoticed in the wider industry.