On July 3, Virginia investment adviser, Edward Lee Moody was charged by the SEC for running a $5 million Ponzi scheme.
It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.
On July 3, Virginia investment adviser, Edward Lee Moody was charged by the SEC for running a $5 million Ponzi scheme.
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.
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 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.
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.
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.
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.
Amidst swirling speculation regarding its connections with a client linked to the Prophecy Asset Management collapse, B. Riley Financial Inc. has conducted an internal
review, concluding no affiliations with the defunct hedge fund.
A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.
According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.