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A dead client, an advisor accused of murder and fraud, and an industry that didn’t see it coming.
February 2 -
The firm’s use of third-party compliance vendors came under scrutiny after an ex-rep pleaded guilty to bilking clients out of $5 million.
January 5 -
Fake name, phony credentials, Ponzi-like payments but real victims — this is what authorities are saying about this business.
December 3 -
James Booth’s seven-year fraud bilked investors out of nearly $5 million.
November 24 -
The advisor allegedly carried out a 20-year scheme defrauding at least 15 clients through forgery and misrepresentations.
October 7 -
The advisor allegedly used an omnibus trading account to help himself and hurt his clients to the tune of tens of thousands of dollars, according to the regulator.
October 5 -
The Justice Department filed two counts of wire fraud against the firm but agreed to defer prosecution under a three-year deal that requires the bank to report its remediation and compliance efforts to the government.
September 29 -
Actions hit a nine-year high and restitution climbed to the highest total since 2013 — even before the rule’s heightened scrutiny.
September 25 -
The broker hasn't been registered in over a decade, and was using clients’ usernames and passwords to make trades in their self-directed brokerage accounts, according to the regulator.
September 14 -
The former broker allegedly also used his client’s money to pay bills at gas stations, grocery and hardware stores, according to the regulator.
September 11