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...
by admin | Feb 10, 2016 | Securities Fraud
Stealing over $800,000 in the process, New York City man Moazzam Ifzal Malik, was ousted as a con man. He claimed to be an uber experienced hedge fund manager while embezzling the funds of up to 17 investors, according to a statement from New York Attorney General...
by admin | Jan 22, 2016 | Securities Fraud
Indianapolis lawyer, Charles B. Blackwelder, has been suspended from the practice of law following a guilty plea to four Class B felony counts of securities fraud. He and his daughter, Cara Grumme, were accused of scamming more than 300 elderly Indiana residents of...
by admin | Jan 5, 2016 | Securities Fraud
The Securities and Exchange Commission (SEC) settled with Virtus Investment Advisers for $16.5 million, from charges stemming from publicized false performance data. the report was generated by subadviser F-Squared, which was ultimately found to be significantly...
