by admin | Jan 8, 2015 | Securities Fraud
Examiners with the Securities and Exchange Commission (SEC) are poring over much more data from advisory firms, and are able to use predictive analytics to identify warning signs of a likely violation. This was the essence of a speech given by John Walsh, a partner...
by admin | Dec 17, 2014 | Securities Fraud
Former Ameriprise Financial Inc. adviser Susan Walker recently pleaded guilty to defrauding 24 clients of $980,000. Walker used the money to pay for personal expenses, including vacations and private school tuition. The U.S. Attorney’s Office for the District of...
by admin | Dec 10, 2014 | Securities Fraud
With a record number of actions taken and fines levied, the Securities and Exchange Commission (SEC) experienced its most prolific year for enforcement in 2014, thanks to new investigative methods and innovative technology. According to the SEC’s preliminary figures,...
by admin | Dec 8, 2014 | Securities Fraud
The Securities and Exchange Commission (SEC) recently charged Judy Wolf, a former compliance officer at Wells Fargo Advisors, for improperly altering a document. The SEC alleges that Wolf altered a document before it was provided to the SEC during its investigation...
by admin | Nov 11, 2014 | Securities Fraud
An independent contractor with Raymond James Financial Services, Jo Ellen Fisher, has been barred from serving as an investment adviser after allegedly stealing $924,750 from a 95-year-old client to fund personal expenses. In a settlement posted on its website, the...
by admin | Nov 5, 2014 | Securities Fraud
Allowing numerous variable annuity (VA) applications to proceed without being reviewed by a supervisor led the Financial Industry Regulatory Authority Inc., (FINRA) to file charges recently against SWS Financial Services Inc. FINRA claims sales of these annuities...
