Fraud prevention

Barred broker Dain F. Stokes faces a criminal rap after raising hundreds of thousands of dollars for the phony philanthropic project, investigators say.

A broker and a sales associate from his office face separate cases that have resulted in at least $1.18 million in payouts from their former firm.

The WilmerHale partner discussed Regulation Best Interest, fraud detection and other industry compliance issues.

Defense cites a heart condition caused by a Brazilian parasite as a reason for lesser time.

Production companies claim fraudsters bilked them out of $3.5 million under the bank's watch.

With the board still conducting a hiring search, the strategy for fixing past problems and returning to revenue growth remains in flux.

Firms need to consider new "fraud mitigation strategies," according to a new study.

Chuck Person persuaded student-athletes to form illegal business relationships with at least one financial advisor.

All 83,000 CFPs certification information is now published via the same technology that underlies fast-proliferating cryptocurrencies.

The firm has jettisoned a longtime strategy of growing its own leaders.

A niece thought her aunt’s caretaker was stealing. How much can an advisor do?

Chairman Jay Clayton said he remains worried that cryptocurrency can be too easily stolen or manipulated on exchanges.

The firm is the first to be censured for violating the Identify Theft Red Flags rule.

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

Joel N. Burstein allegedly helped his father-in-law defraud foreign investors hoping to immigrate to the U.S.

Five fired and barred former registered reps stole more than $1 million from clients over a four-year period, according to the regulator.

The barred onetime Questar Capital and Woodbury Financial rep had pleaded guilty to the scam, which he says stemmed from a gambling addiction.

The funds allegedly paid for summer camp fees and a 1976 Corvette.

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.