Maitland Capital allegedly operated a boiler room scheme from two locations in Toronto; the company raised approximately $5.5 million through sales to 1200 investors. Two have been jailed, several disgorged and the company faces $1 million in fines.
Your Gen Y clients love using social media. And they want to insure it too.
The Treasury Select Committee met with the former chief executive of Barclays, Bob Diamond, today to question him about the penalties levied against the company in connection with the Libor scandal. Barclays was one of the first banks to own up to their involvement, says chairman of the treasury select committee, Andrew Tyrie MP. Read: […]
The SEC has charged New York-based hedge fund advisor Philip A. Falcone with fraud, along with his firm Harbinger Capital Partners LLC.
The SEC has frozen the assets of a Utah man and company charged with operating a real estate-based Ponzi scheme that bilked $100 million from investors nationwide.
Soon, you’ll be able to go to sites ending in .bank and .insurance – and they’ll be safer than many .com and .ca sites.
Want to know what not to do when running your business and serving your clients? Here’s our roundup of this week’s scammers and scoundrels:
Your wealthy client wants to buy art. But he reads the papers and sees stories about recent high-profile theft cases. So, he wonders, how can he protect himself from purchasing stolen goods? Tell him start by checking free federal databases, including Interpol and the FBI, which keep tallies of what they call “stolen cultural property,” […]
A former broker from Orlando, Fla. is being charged with defrauding 14 investors of more than $1 million in an astrology-based Ponzi scheme. The SEC alleges Gurudeo “Buddy” Persaud lured family, friends, and others into investing in his firm, White Elephant Trading Company, by guaranteeing their money would yield lofty returns of between 6% and […]
Daniel Micha, a broker with RBC Capital Markets in 2009 has been fined and suspended by FINRA because he made trades that were unauthorized by his client and then failed to report her complaints. On August 18, 2009, Micha sold nine securities positions with a total worth of $326,000 without his client’s consent. Soon after, […]