Advisor Barred From the Industry After Settling Charges with the SEC
Investment advisor James Burleson has been barred from the industry after settling charges with the SEC over an alleged cherry-picking scheme.
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Founder of IRL Social Media App Charged with Defrauding Investors
Founder of the company behind the IRL social media app was charged with defrauding investors of $170 million in the company’s 2021 funding round,
Suspended Broker Charged in Social Media Fraud Targeting Retail Investors
A cautionary tale for advisors underscores how social media hype continues to be a powerful tool for financial fraud.
Ex-JPM Strategist Sees 'AI Bubble' Building After MIT Study Shows 95% Of Enterprises Invested in GenAI Have Generated ‘Zero’ Returns
Top executives have been raising concerns that AI investment and valuations may not be consistent with the eventual returns.
Massachusetts Securities Regulators Filed Civil Complaint Against Barbara Hirshfield
Massachusetts securities regulators filed civil complaint against Barbara Hirshfield alleging she turned finance company into $7Mn Ponzi scheme.
Regulatory Red Flags: Finra Bars Former Merrill Lynch Broker Over Refusal to Cooperate
Former Merrill Lynch broker who was under investigation for alleged misconduct faces regulatory bar for refusing to cooperate with Finra’s requests.
Former Fidelity Advisor Faces Federal Charges After Allegedly Defrauding Client of $2 Million
Wealth advisors should take note of a cautionary tale emerging from Florida that underscores the importance of compliance oversight and ethics.
