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FINRA accused the advisor of unlawfully "structuring" a total of $77,560 by depositing cash into his bank accounts in amounts just below the $10,000 reporting threshold.
March 12
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Massachusetts is probing whether the firm's wealth management unit steered clients toward inappropriate investments and high-cost accounts.
March 8
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Citing mounting investor losses from unpaid arbitration awards, investor advocates see a role for Congress to force FINRA's hand.
March 7
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One recruiter says, "If I'm an advisor at Wells Fargo right now, I have to ask myself is this the firm I want to tie my future to?"
March 2
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Steven Spielberg, Leonardo DiCaprio, Ben Affleck and even members of the Kardashian circle have been hurt by financial fraud. Here’s how advisors have conned celebrities.
March 2
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The beleaguered bank is reported to have been ordered by the Justice Department in late 2017 to conduct an independent investigation of the business.
March 1
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The advisor lured the client into investing $100,000 in what he claimed was a private placement bond but instead deposited the money into his personal bank account, say federal prosecutors.
February 27
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Spanning 50 federal districts, the case involves criminal and civil charges for as many as 200 defendants.
February 27
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The advisor fleeced the duo of nearly $1 million by misappropriating their stock holdings and initiating unauthorized wire transfers from their bank account, prosecutors allege.
February 26
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Advisor "reaped substantial profits" from 65 clients by using block accounts, the regulator says.
February 22
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A recent scam involved a fake signature from FINRA CEO Robert Cook.
February 16
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The advisor tricked investors into thinking they would get their money back, with a return, in four to eight years, but they haven't seen a penny returned, the Massachusetts regulator claimed.
February 15
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Thomas Buck spent 33 years with Merrill Lynch before he was fired in 2015.
February 14
- Finance and investment-related court cases
The barred advisor and his brother defrauded a widow as part of a real estate investment scheme, according to federal prosecutors.
February 8 -
Commission prioritizes retail investors as OCIE issues its must-read compliance letter.
February 8
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The stolen funds allegedly went to pay for college expenses and credit card bills, according to federal prosecutors.
January 31
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Texas securities watchdog derided the advisor for not considering the costs associated with an equity trading strategy he employed for certain clients.
January 31
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The stolen funds went to pay for his daughter’s college expenses and to reimburse other clients, according to federal prosecutors.
January 31 -
The former Edward Jones broker wanted to get back at his competitor for stealing a client.
January 25 -
Investigators say the broker spent his clients’ money on luxury cars and home improvements.
January 24
