Tagged with "investment scam"

SEC Accuses Investment Company And Its Founders Of $6 Million Investment Scam

Posted on January 14th, 2020 at 1:44 PM
SEC Accuses Investment Company And Its Founders Of $6 Million Investment Scam

Two men and their unregistered investment company lied in their sales pitches and invested funds of seniors in a $6 million scam.

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LATEST NEWS AND ARTICLES

April 24, 2024
RIA Insurance Claims Skyrocket

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.

April 23, 2024
Surge Predicted in Regulation Best Interest Cases

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.

April 22, 2024
FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.