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.

In those early moments, with so much in doubt, my colleague made the call that mattered most: to put his client’s needs ahead of everything else.

Securities and Exchange Commission Chair Gary Gensler warned the financial industry that he won’t shy away from going after big firms pushing the limits in areas that are priorities for the agency, including crypto trading, cyber fraud and SPACs.

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

The grand jury indictment and a new filing by the SEC offer additional details on the case.

Doug Elstun catered to NBA and NFL sports stars, many of whom may not have known about his confidential client settlements outside of FINRA.

The securities lawyer and former NASD regional attorney explains why cases can be so hard to detect and what the industry can do to help.

The New York-based advisor is accused of defrauding at least 56 investors.

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

An emergency cease and desist order stopped the imposters in time.

DaRayl Davis used his clients' money to rent a fancy Hollywood mansion, purchase over $100,000 in airline tickets and pay off massive credit card bills.

While efforts to recover cash through litigation have repaid nearly 70% of valid claims, hundreds say they have been victimized a second time by that system.

The police, FBI, SEC and IRS, among other agencies, have been trying to track ex-advisor Chris Burns for months, to no avail.

Three recent criminal cases raise concerns that wealth managers and regulators aren’t detecting alleged fraud quickly enough or disclosing basic information about crimes and disciplinary problems.

Using a Paycheck Protection Program loan to fund businesses outside your day job may be costly for brokers.

Jacob Glick is accused of breach of fiduciary duty and misappropriating client funds, among other alleged misconduct.

James Booth’s seven-year fraud bilked investors out of nearly $5 million.

Credit Suisse has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.