A recent program will allow the U.S. Securities and Exchange Commission to award individuals with insight and information on companies involved in improper financial practices and enforcement actions.
In a Texas federal court, a jury found Thurman Bryant III of Frisco, Texas, and Arthur Franz Wammel of Houston guilty of conspiracy to commit wire fraud.
Scott Klor, a former representative of LPL Financial, was suspended for 14 months and fined $5,000 by the Financial Industry Regulatory Authority, Inc. (FINRA) for a life insurance scheme.
U.S. District Judge Jesse M. Furman sentenced NY real estate developer Michael D’Alessio to six years in prison after D’Alessio pled guilty to making false statements in his bankruptcy case and defrauding investors out of $58 million.
Dimond Kaplan & Rothstein, P.A. (DKR) has filed a FINRA arbitration claim against UBS Financial Services, Inc. on behalf of investors who lost money in UBS’s so-called “Yield Enhancement Strategy” or the “YES” program. UBS recommended its YES...
In an order against Merrill Lynch, the U.S. Securities and Exchange Commission found that the brokerage firm failed to prevent securities violations and protect securities laws regarding the pre-release of American Depository Receipts (ADRs)...
