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November 2, 2010
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Blog, Securities Fraud
An Ooltewah, Tenn., financial adviser has been sentenced to five years in prison and ordered to pay more than $2.7 million in restitution to his former broker-dealer, Ameriprise Financial Inc., after pleading guilty to misappropriating his clients’ money while he worked for the Minneapolis-based firm. According
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November 2, 2010
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Blog, Securities Fraud
Brian Anderson, a former registered representative with PrimeVest Financial Services in Jersey City, has been sentenced to 68 months in federal prison, after admitting that he stole more than $1 million from eight elderly clients. At his sentencing Wednesday, 46-year-old Brian Anderson of Oradell also was ordered to
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October 6, 2010
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Blog, Securities Fraud
FINRA recently today that it has ordered SunTrust Investment Services, Inc. of Atlanta, GA, to pay $1.44 million to resolve charges related to unsuitable unit investment trust (UIT), closed-end fund (CEF) and mutual fund transactions. Of that amount, $900,000 is a fine that includes nearly $224,000 in disgorgement of
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