The network for financial advisors
The network for financial advisors
Login
Register
Resources
Events
Practice
Portfolio
Industry
Voices
Search
Search
Practice
Portfolio
Industry
Voices
Resources
Events
search goes here
Fraud prevention
SEC slams Ameriprise over advisors’ ‘fraudulent acts’
Five fired and barred former registered reps stole more than $1 million from clients over a four-year period, according to the regulator.
$5M Ponzi scheme advisor gets 11 years after tearful apologies to victims
The barred onetime Questar Capital and Woodbury Financial rep had pleaded guilty to the scam, which he says stemmed from a gambling addiction.
SEC proposes new leeway to limit largest whistleblower payouts
“Our whistle-blower program is a critical component in our investor-protection toolbox,” SEC Chairman Jay Clayton says.
Former NFL star wins $1M FINRA award from Woodbury Financial
Former San Diego Chargers guard Kris Dielman says the independent broker dealer failed to supervise his former advisor.
Securities America failed to spot red flags of ex-advisor’s scam, clients say
A FINRA arbitration claim followed an asset freeze and the launch of a federal investigation into the fired advisor’s RIA.
LPL strikes first buyback agreement after $26M settlement
Other states are likely to enter similar agreements with the broker-dealer.
Advisor gets prison for $4.7M fraud of NFL star
Cory Redding couldn't retire after the 2014 season and played another year to recoup some of his losses.
LPL fined $26M over advisors’ sales of unregistered securities
State regulators and the No. 1 IBD struck a settlement after investigators found the firm guilty of negligence and a failure to supervise.
SEC charges Wedbush botched supervision of broker in alleged fraud
The regional BD failed to properly document its own investigations in the matter, and couldn't answer some SEC questions about who knew what and when, the regulator says.
Warren, PIABA call for FINRA fund to pay arbitration awards
Citing mounting investor losses from unpaid arbitration awards, investor advocates see a role for Congress to force FINRA's hand.
See more Fraud prevention
