Month: April 2014
Broker Arrested for Allegedly Scamming Elderly Client
According to reports, a former Merrill Lynch broker was arrested at a financial planning seminar for allegedly stealing more than $300,000...
Former Texas Broker Suspended
Former CCF Investments broker, Max Virgil Mawhirter, entered into a Letter of Acceptance, Waiver, and Consent that resulted in a six month...
Illinois Forms Securities and Commodities Fraud Section
According to a recent report in Crain’s, the US Attorney for the Northern District of Illinois recently created a new section to...
NJ Broker Pleads Guilty to Fraud
According to FA-mag.com a former New Jersey borker, Randy Schneider recently plead quilty to theft by unlawful taking. Schneider allegedly...
Wall St. Cheat Sheet: Is Your Broker Churning Your Investment Account?
Financial Professionals are like any profession – there are good ones and there are bad ones. As long as financial advisors are compensated by commissions, some of the unscrupulous ones will continue to attempt to enrich themselves by excessively trading accounts…
