UBS Financial Services must pay nearly $371,000 in compensatory damages, expert witness fees, and other legal costs to a pair of clients who alleged the firm’s Yield Enhancement Strategy (YES) — which focused on options-based trading — was...
In Chicago, a former Merrill Lynch broker recently admitted guilt to wire fraud, recognizing stealing over $3 Million from various clients to fund his lavish lifestyle.
Trevor Rahn, a 26-year brokerage industry veteran and former J.P Morgan was fined and suspended by The Financial Industry Regulatory Authority (FINRA) over allegations that he structured trades to generate unnecessary commissions and made several...
A former broker at in, New York, was charged in federal court with defrauding his former clients of more than $400,000.
Julie Ann Minuskin, a former insurance agent and sole managing member of Retire Happy, a Las Vegas-based firm, is at the center of an alleged $2.5 million retirement fraud scam.
The SEC accuses the father of impersonating his son David to advise clients notwithstanding being banned from broker-dealer platforms — violating the Investment Advisers Act.
