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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.
February 27
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The settlement marks the bank’s largest yet from a series of scandals that claimed two chief executive officers.
February 21
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The former investment advisor, convicted of running one of the biggest Ponzi schemes ever, says he suffers from terminal kidney failure and other ailments.
February 6
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Edward E. Matthes allegedly renovated his home, paid child support and bought luxury items with client money.
February 4
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He used client funds money to pay for massages, jewelry and to shore up his wife's failing pet store.
January 14
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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.
January 7 -
“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.
December 20
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The SEC says broker-dealers may treat investment advisors as if they were subject to the AML Rule — under certain conditions.
December 16 -
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.
December 10
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Her hospitalized client's accounts had more than $14 million in transactions over a nine day period, according to FINRA.
October 23
