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September 9, 2020
Comments Off on Michael Cohn, Ex-GPB Capital Exec Pleads Guilty to Stealing SEC info
Blog, Current Investigations, Securities Fraud
GPB Capital Update on Investigation According to reports yesterday, Michael Cohn, former chief compliance officer at private equity firm, GPB Capital Holdings, pleaded guilty to a misdemeanor on Tuesday. Cohn, 61, was reportedly charged in February 2019 with stealing information about a probe into GPB Capital while he
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September 4, 2020
Comments Off on Wells Fargo to pay $1.4 M in Restitution for Failure to Supervise VA Switches
Blog, Securities Fraud
FINRA Sanctions Wells Fargo for Failure to Supervise VA Switches According to the Financial Industry Regulatory Authority (FINRA) on September 2, 2020, Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network have agreed to pay more than $1.4 million in restitution, plus interest, to about 100
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September 1, 2020
Comments Off on Broker Matthew O. Clason Charged with Stealing Client’s Funds
Blog, Securities Fraud
Matthew O. Clason, LPL Financial, Glastonbury, CT SEC Charges Matthew Clason with Stealing from Retired Client According to a litigation release on Sept. 1, 2020, the Securities and Exchange Commission reportedly filed an emergency action charging financial advisor Matthew O. Clason, of Cheshire, Connecticut, with
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August 28, 2020
Comments Off on Broker Mark Boucher Charged with Defrauding $2.2 Million from Clients
Blog, Current Investigations, Securities Fraud
Mark Boucher, Strategic Wealth Advisor Group Services Inc., Carlsbad, CA SEC Reportedly Charges Mark Boucher with ongoing fraud between 2010 and 2020 According to an SEC complaint this week, the Securities and Exchange Commission has charged financial advisor Mark J. Boucher, 56, of Carlsbad, California, with
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August 26, 2020
Comments Off on FINRA Warns of Fake Broker Sites
Blog, Securities Fraud
FINRA Alert Warns of Fake Websites using Brokers’ Names Not long after an alert about a new fake FINRA domain that has an extra “n” in its domain name, the Financial Industry Regulatory Authority (FINRA) warned that impersonators are also setting up fake websites using brokers’ names. According to
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August 14, 2020
Comments Off on Broker Ross Barish Reportedly Charged with Fraud
Blog, Current Investigations, Securities Fraud
Ross Barish, Joseph Stone Capital, Mineola, NY SEC Reportedly Charges Ross Barish with Defrauding 16 Customers According to a litigation release on August 13, 2020, the Securities and Exchange Commission announced charges against financial advisor Ross Barish for allegedly defrauding sixteen retail customers. The
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August 14, 2020
Comments Off on Morgan Stanley hit with $950,000 for Failure to Supervise
Blog, Current Investigations, Securities Fraud
FINRA sanctions Morgan Stanley after broker allegedly churns customer accounts. According to the Financial Industry Regulatory Authority (FINRA) yesterday, the regulator has sanctioned Morgan Stanley in connection with alleged failures to supervise one of its brokers who purportedly churned client accounts. The
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August 13, 2020
Comments Off on FINRA Alert: Beware of Fake FINRA Domain and Potential Malware
Blog, Securities Fraud
FINRA warns member firms of imposter website, www.finnra.org (please notice the extra “n” in the domain name). According to a regulatory notice posted by the Financial Industry Regulatory Authority (FINRA), the regulator is warning member firms of a new imposter website www.finnra.org (please notice the extra
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July 8, 2020
Comments Off on Investor Alert: GPB Cars 12 LLC
Blog, Current Investigations, Securities Fraud
GPB Capital Entities GPB Cars 12, LLC, GPB 5 LLC and GPB 8 LLC Receive Millions in Forgivable Fed loans Have you suffered losses investing in GPB Cars 12 LLC, GPB 5 LLC or GPB 8 LLC? If so the securities attorneys at the White Law Group may be able to file a complaint against …
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July 8, 2020
Comments Off on Cadaret Grant & Co. Censured & Fined $200K for Failure to Supervise
Blog, Current Investigations, Securities Fraud
FINRA Sanctions Cadaret Grant for Ex-rep’s Alleged Ponzi-scheme According to The Financial Industry Regulatory Authority (FINRA) on Monday, the regulator has fined broker-dealer Cadaret Grant $200,000, alleging the firm failed to reasonably supervise a former broker in connection with a purported Ponzi-scheme.
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