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March 7, 2014
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Blog, Securities Fraud
Former broker, Jane O’Brien, who is serving a 33 month sentence after pleading guilty to defrauding clients, is facing additional charges. According to Investment News, O’Brien is being indicted for an 18-year Ponzi scheme. Allegedly O’Brien misappropriated approximately $1.3million of client funds between 1995
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November 4, 2013
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Blog, Securities Fraud
Massachusetts security regulators fine Merrill Lynch $500,000 for “failure to supervise” a former broker who pled guilty to securities fraud. According to Investment News, Merrill Lynch has been fined as a result of its “failure to supervise” former broker Jane O’Brien. Ms. O’Brien, who pled guilty to
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June 10, 2013
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Blog, Securities Fraud
According to reports, former Merrill Lynch broker, Jane E. O’Brien, has pled guilty to defrauding a client out of $240,000. O’Brien allegedly offered a client the opportunity to invest in a private placement, but instead kept the money for personal use. In addition, O’Brien allegedly borrowed approximately $1.7
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