Former registered UBS Puerto Rico broker José G. Ramirez-Arone Jr. has pled guilty to one count of bank fraud for his role in a fraudulent scheme to obtain and misuse non-purpose credit lines for purchasing securities. The scheme led to...
OptionSellers.com and INTL FCStone Lawsuit and Recovery Commodities options trading firm OptionSellers.com has lost millions of dollars of investors’ money after engaging in an extremely risky and aggressive strategy involving options on...
Investors have filed a lawsuit against U.S. mutual fund LJM Preservation and Growth Fund, an $800-million fund that lost four-fifths of its value and shuttered earlier this year. LJM relied heavily on a strategy that bet on low or falling...
The U.S. Securities and Exchange Commission has filed lawsuits against two brokers affiliated with Meyers Associates LP for fraudulent, excessive, high-frequency trading. The two brokers pocketed more than $4.6 million combined through their...
The Financial Industry Regulatory Authority has barred former Wells Fargo broker J. Gordon Cloutier Jr., who was fired for allegedly asking a client for a loan and attempting to make an unauthorized trade. In the brokerage industry, borrowing...
The Financial Industry Regulatory Authority Inc. has fined brokerage firm Securities America for failing to supervise its brokers’ sales of a type of short-term variable annuity product that could have resulted in investors’ purchases of...
