by admin | Mar 21, 2016 | Securities Fraud
A former rep of MetLife and Prudential, Winston Wade Turner, is being investigated for “engaging in a course of deception and other misconduct in connection with sales and exchanges of variable annuities involving numerous customers,” said Finra in a formally filed...
by admin | Feb 15, 2016 | Securities Fraud
SAC Capital Advisors LP, agreed to pay $10 million in a lawsuit brought forward by the shareholders of drugmaker Wyeth, who claim they lost money due to insider trading in Wyeth’s stock. The proposed settlement was discussed in federal court in Manhattan, which would...
by admin | Feb 12, 2016 | Securities Fraud
A FINRA arbitration panel awarded Genevieve Lenehan more than $1 million, after sources discovered she was ripped off by former Morgan Stanley broker, Justin Amaral. Ms. Lenehan claimed that her former broker, Mr. Amaral, both churned and reverse-churned her account....
by admin | Feb 12, 2016 | Securities Fraud
The U.S. Securities and Exchange Commission has found Monsanto Co. in violation of accounting rules and misstating earnings related to its Roundup herbicide, and Monsanto has agreed to pay $80 million in penalties. Without admitting or denying the charges, which...
by admin | Feb 10, 2016 | Securities Fraud
Fidelity Investments accrued $1 million in penalties from FINRA, due to failing to protect clients from a woman posing as a Fidelity broker. Lisa A. Lewis, who identified herself as a Fidelity broker, focused primarily on taking advantage of senior citizens. She...
