Wells Fargo Fined for Lapsed Agent Registrations
Wells Fargo has been fined $450,000 for failing to ensure that agents and supervisors were registered with the state of Massachusetts.
Posted 2 days ago
Stockbroker Misconduct and Investment Fraud Blog
Ex-Credit Suisse Employee Admits to Helping Defraud Investors of $2 Billion
Andrew Pearse, former managing director of Credit Suisse’s Global Financing Group, pled guilty to wire fraud conspiracy. Pearse further admitted that he conspired to defraud investors out of $2 billion in loans. Criminal Conspiracy Charges...
Posted 6 days ago
Forex Trading Scheme Results in $2.9 Million Judgement for Defrauding Investors
The Commodity Futures Trading Commission (CFTC) was granted a final judgment of $2.9 million against Kelvin Ramirez for fraud in an alleged Forex trading scheme. The court also ordered Ramirez to pay $2.2 million in civil penalties and $735,000...
Posted 12 days ago
CabbageTech Exec Pleads Guilty to Virtual Currency Fraud
Patrick McDonnell, also known as Jason Flack, of CabbageTech Corp., plead guilty to one count of wire fraud for his scheme to defraud clients out of thousands of dollars. McDonnell presented himself as a veteran investor who would provide trading...
Posted 18 days ago
Cadaret Broker Ordered to Pay More Than $1 Million
Financial Industry Regulatory Authority Inc. arbitrators awarded approximately $1.5 million to Janet Zagaro, an investor who filed a claim in April 2018 against Cadaret, Grant & Co., as well as its former broker and former ponzi scheme...
Posted 19 days ago
UBS Yield Enhancement Strategy Caused Unexpected Losses for Investors
Dimond Kaplan & Rothstein currently represents investors who lost money in UBS’s so-called “Yield Enhancement Strategy.” This was an options strategy that was marketed as a safe way to enhance the yield (or income) on investments. But...
Posted 19 days ago
