Fraud detection

The banker involved in a case going before the justices is accused of misrepresenting the financial condition of a client.

FINRA says the firm did not disclose necessary client issues or hacking attempts.

One high-net-worth client with more than $20 million in assets took the majority of the losses, the regulator says.

The advisor allegedly sold $13 million worth of high-risk securities without disclosing that she earned commissions of up to 18%.

State Treasurer John Chiang says that Wells Fargo is keeping patterns of abuse hidden from view by resolving customer disputes through private arbitration.

The bank disclosed earlier this month that it faces a U.S. inquiry into its purchase of low-income housing credits.

The SEC claims Schwab failed to file reports on suspicious transactions by independent advisors.

Company policies were not reasonably designed to detect and prevent misconduct, the SEC claims after one advisor allegedly misappropriated more than $5 million from client accounts.

Prosecutors are presenting evidence of his training in securities markets to show that he'd likely know the information was purloined.

The dirty little secret about elder exploitation is that almost 60% of cases involve a perpetrator who is a family member, according to a 2014 study.