by admin | Apr 28, 2016 | Securities Fraud
Finra has charged former broker David Randall Lockey with profiting from improper trading of client accounts for about two years. According to the Finra complaint, Mr. Lockey had engaged in unsuitable short-term trading and switching mutual funds and unit investment...
by admin | Apr 5, 2016 | Securities Fraud
Financial adviser Andrew Dalmady was doing his friend a favor by reviewing his investments. Unbeknownst to him at the time, he would go on to uncover the second largest ponzi scheme in history. Allen Stanford, a titan in the banking industry and listed in Forbes as...
by admin | Apr 5, 2016 | Securities Fraud
Wells Fargo and the Rhode Island Economic Development Corp. (RIEDC) have been charged by the SEC with fraud, in relation to a bond offering that supported the now extinct video game company 38 Studios. Investigators on the case say that bond investors were unaware...
by admin | Mar 22, 2016 | Securities Fraud
David Joseph Escarcega was barred from the financial industry following a February 29th disciplinary decision from the Financial Industry Regulatory Authority Inc. He was found guilty for making at least 12 unnecessary recommendations involving debt tools known as...
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...
