Recent Securities and Exchange Commission (SEC) examinations of investment advisers, investment companies, and funds show shortcomings in processes related to pitching, constructing, and monitoring investment products and procedures that use...
U.S. District Judge for the Southern District of Florida, Robert N. Scola Jr., convicted David C. Coggins, a 42-year-old hedge fund manager, to 51 months in prison for embezzling over $2 million from a dozen clients through his fund Coral Gables...
According to documents recently filed in New York federal court, Bulgarian firm OneCoin Ltd., self-styled “Crypto Queen” Ruja Ignatova, and Gilbert Armenta (a Florida broker), declined to respond a proposed class action over the...
Dean Vagnozzi, a Philadelphia-based financial adviser, sued Eckert Seamans Cherin & Mellott LLC after being targeted by the SEC (Securities Exchange Commission) for investments associated with fraud.
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.
