Earlier this month, two well-known New York-based brokerages were requested to pay $37.5M to the Commodity Futures Trading Commission (CFTC) to settle claims. According to the authorities, BGC Financial, LP, and GFI Securities, LLC, were involved...
James Thomas Booth, an ex LPL Financial broker, was arrested last week in Connecticut, for running a Ponzi scheme. According to the authorities, he fraudulently obtained $4.9M from over 40 clients.Â
Earlier in October, an investment adviser from Florida admitted to a Manhattan federal judge that he participated in defrauding two clients with hedge fund scammer Nicholas Mitsakos.Â
Many retirement plans are subject to numerous abuses that decrease the amount of savings available to provide for retirees when their working days are behind them.Â
The U.S. Commodity Futures Trading Commission (CFTC) announced it had settled civil enforcement actions against several well-known companies for spoofing. The list included Morgan Stanley Capital Group Inc., Mitsubishi International Corp., and...
A former LPL broker who was fired earlier this year is accused of soliciting more than $500k from clients to invest in a fake African charity.
