On July 3, Virginia investment adviser, Edward Lee Moody was charged by the SEC for running a $5 million Ponzi scheme.
Tagged with "investment"
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Virginia Investment Adviser Charged With Operating $5 Million Ponzi Scheme
Posted on July 13th, 2018 at 3:26 PM
Former Investment Adviser Indicated for Defrauding Massachusetts Retirees
Posted on October 17th, 2017 at 1:03 PM
Former investment adviser, Richard G. Cody, of Jacksonville, Florida has been indicted for allegedly defrauding Massachusetts retirees, as well as for lying to the SEC under oath.
SEC Settles Lawsuit with Texas Resident Accused of Running an Investment Scam
Posted on September 29th, 2017 at 9:08 AM
The SEC has settled a lawsuit with Texas resident, James G. Temme along with his company, Stewardship Fund LP allegedly for operating a $25 million fraudulent investment scheme with 100 different individual investors.
Former Texas Registered Rep Arrested for Internet Ponzi Scheme
Posted on February 8th, 2017 at 9:31 AM
Former registered rep Bobby Eugene Guess was arrested following his indictment on charges of securities fraud, theft, money laundering and engaging in organized criminal activity related to the multi-million-dollar sale of investments in an internet advertising company.
2015: A Bad Year for Hedge Funds
Posted on January 7th, 2016 at 4:42 PM
Hedge fund managers are often considered the leading investment experts in the world, but 2015 has shown that a million dollar salary is no guarantee of investment success. As of October, hedge funds are up only 3.09% compared to the 3.04% for the S&P 500.
Wirehouse Advisors' Tactical Play on Currency ETFs
Posted on May 7th, 2015 at 12:02 PM
According to a top investment strategist at Bank of America Merrill Lynch, more financial advisers are investing in funds that access European stocks while muting currency swings. That’s because the European Central Bank began a “quantitative easing” program that will inject a planned €1.1 trillion into the economy by September 2016.
Deferred Compensation Is the New Black For Wirehouses Payment Grid
Posted on February 18th, 2015 at 10:30 AM
Many wirehouses have deferred compensations for their advisors. Even though the whole grids were largely left intact, compensation is inarguably more back loaded, and therefore somewhat less valuable.
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