by admin | Oct 20, 2014 | Securities Fraud
Kevin James, a former Indianapolis financial adviser, was sentenced by a federal judge to 10 years in prison and ordered to pay more than $1.3 million in restitution, after James pleaded guilty to stealing $1.4 million from 30 investors. In April, James was charged...
by admin | Oct 14, 2014 | Securities Fraud
The Securities and Exchange Commission (SEC) recently imposed a $15 million fine on Barclays Capital Inc. to settle charges that it failed to ensure proper compliance with its own rules and securities laws following Barclays’ acquisition of Lehman Brothers’...
by admin | Sep 24, 2014 | Class Actions
A settlement appears to be imminent between the two parties involved in the case arising from the collapse of the stage right before a concert at the Indiana State Fair in 2011. The accident killed seven people, injured more than 40 and led to new regulations on the...
by admin | Sep 10, 2014 | Securities Fraud
The Financial Industry Regulatory Authority (FINRA) fined Morgan Stanley & Co. $4.5 million in an arbitration dispute involving Morgan Stanley and Banco Nacional de Mexico SA, the Mexican bank known as Banamex, a subsidiary of Citigroup. The $4.5 million award...
by admin | Sep 5, 2014 | Securities Fraud
Christ Church Cathedral in Indianapolis recently filed a lawsuit against JPMorgan Chase & Co., alleging that the bank caused the church’s trusts to lose about $13 million in value because of JPMorgan’s decision to purchase 177 investment products....
