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...
Stockbroker Misconduct and Investment Fraud Blog
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.
Merrill Lynch recommended the Harvest CYES options overlay strategy to customers as a low-risk way to generate income. But CYES actually was a complex strategy that exposed investors to significant risk of loss.
The Financial Regulatory Authority Inc. (FINRA) reached $89 million in settlements with 56 brokerage firms that failed to give sales charge waivers and, as a result, overcharged certain clients for mutual funds going against the Mutual Fund...
The Financial Industry Regulatory Authority (FINRA) alleged that Jesse Gil, an Allstate Financial Services representative, stole $2,500 from a client.
On Friday, Westwood, California man, Kunal Kalra, pled guilty to running an unlicensed virtual currency (Bitcoin) exchange.