Oppenheimer & Co. (Oppenheimer) is facing a proposed class-action suit alleging that a $110 million Ponzi scheme was conducted by one of the investment banking company’s advisors.
The Securities and Exchange Commission (SEC) has obtained a temporary restraining order (TRO) and asset freeze against a Minnesota couple who allegedly operated a Ponzi scheme for nearly a decade, which impacted at least 200 investors and raised almost $18 million.
The Securities and Exchange Commission (SEC) reported that it has obtained a temporary restraining order (TRO) as well as an asset freeze against Bullard Enterprises LLC and its owners, Jason Bullard and Angela Romero-Bullard.
A group of investors have filed a proposed class-action suit accusing Wells Fargo Bank of aiding and abetting a multimillion-dollar Ponzi scheme operated by merchant cash advance lender MJ Capital Funding LLC.
The Securities and Commission Exchange (SEC) has been granted a temporary restraining order (TRO) as well as an asset freeze against Florida resident Johanna Garcia along with two entities she owns.
On August 20, 2021, the Securities and Exchange Commission (SEC) initiated a civil action (the Complaint) in Georgia federal court against an Atlanta-based financial advisor, John J. Woods (Woods, CRD No. 1949233), as well as certain related corporate entities.
Interactive Brokers faces a class-action lawsuit, which was filed in Northern District of California, for allegedly aiding and abetting a $23 million Ponzi scheme.
Two California advisors, Dane Roseman and Ivan Acevedo, have pleaded guilty to charges relating to a $1.3 billion Ponzi scheme that impacted nearly 9,000 investors nationwide, according to federal prosecutors. Both Los Angeles natives were associated with Woodbridge Group as sales agents.
The Securities and Exchange Commission (SEC) filed suit against the Estate of Kenneth Casey for allegedly misappropriating $10 million from investors.
A Colorado woman has been charged by a federal grand jury for her involvement in a Ponzi scheme that raised nearly $650 million.
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The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former LPL advisor who allegedly completed 22 trades on behalf of a client without obtaining written consent. FINRA has issued a $5,000 fine and has suspended Michael Hartlett for 10 days.
A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).
While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.
