Tagged with "New York"

SEC Charges New York Investment Adviser Hector May for Operating a Ponzi-Scheme

Posted on December 17th, 2018 at 2:51 PM
SEC Charges New York Investment Adviser Hector May for Operating a Ponzi-Scheme

The SEC has filed a complaint in the Southern District of New York against former Rockland County, New York-based investment adviser, Hector May and his daughter, Vania Bell for misappropriating more than $7.9 million in a Ponzi-scheme involving the sale of bonds.

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Nassau County, New York Financial Advisor Charged After Orchestrating a $5 Million Ponzi Scheme

Posted on July 25th, 2018 at 2:35 PM
Nassau County, New York Financial Advisor Charged After Orchestrating a $5 Million Ponzi Scheme

The Nassau County District Attorney’s Office has filed several criminal charges against financial advisor, Matthew Eckstein in connection to an alleged Ponzi scheme that scammed 14 victims out of more than $5 million.

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LATEST NEWS AND ARTICLES

April 18, 2024
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

April 17, 2024
B. Riley Financial Again Delays Filing Audited Results

B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.

April 16, 2024
Former Wells Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

A former advisor with Wells Fargo Advisors Financial Network (FiNet) in Chicago, Jayson R. Pocius, has agreed to accept an industry bar rather than cooperate with a
Financial Industry Regulatory Authority (FINRA) investigation into allegations of misusing client funds.