Total: 50 results found.
Page 1 of 3
Securities Lawyers Investigate Losses In UBS Willow Fund
(Matching tags: fraud,compliance)
Securities attorneys at Klayman & Toskes say they are investigating claims of UBS Financial Services customers who purchased the UBS Willow Fund, a private hedge fund formed in 2000. In October of ...
Friday, April 26, 2013
Consumer Financial Protection Board Weighs In On Senior Advisor Designations; Says SEC, States, And Other Lawmakers Must Act
(Matching tags: CFPB,Advisor businesses,regulation,client education,fraud)
Consumer Financial Protection Board (CFPB), an agency created by Dodd-Frank Act as an uber-regulator of financial services in the U.S., issued a report and recommendations today addressing the problem ...
Thursday, April 25, 2013
One-Time CFP, Long-Time Financial Planner Charged With Stealing Client Money On Top Of Previous Charges Of Tax Fraud
(Matching tags: fraud,sec)
A one-time CFP who was criminally charged with tax
in January had his assets frozen yesterday after the Securities and Exchange Commission filed a civil complaint against him, his firm, and his partner ...
Wednesday, March 20, 2013
Justice Department Lawsuit Against S&P Ratings Services Finds 10 Employees Out Of 25 Named In Suit Still Employed At The Firm
(Matching tags: fraud,credit downgrade,S&P)
The Justice Department is focusing on 25 employees at Standard and Poors Ratings Services who either wrongly put AAA ratings on unstable subprime mortgages or who took their time downgrading the securities ...
Monday, February 25, 2013
Emails From Libor Scandal Reveal Nonchalance Of Traders And Submitters In Rate Manipulation
(Matching tags: banks,fraud,interest rates)
The Libor scandal has reportedly involved 16 banks, three of which have already made settlements involving fines of over $2.5 billion collectively. The Financial Services Authority (FSA) ...
Tuesday, February 12, 2013
Big Guns Of State And Local Governments As Well As US Justice Department Joining Forces In Investigation Of US Banks Involved In Libor Scandal
(Matching tags: banks,fraud,interest rates)
The fallout from the Libor rate manipulation scandal threatens to leave banks liable for billions of dollars despite any settlements with regulators. Eric Schneiderman, New York Attorney General, ...
Thursday, February 07, 2013
The Other US Deficit: Trust, The Universal Underlying Economic Growth Factor
(Matching tags: banks,fraud,economy)
Trust is not only the most vital factor in the financial advisory business; it’s the backbone of the economy. And it's the other US deficit. Trust is the single common ingredient ...
Tuesday, January 29, 2013
Indentity Thieves Are Targeting Financial Institutions: What May Look Like A Typical Email From A Client Could Instead Be An Attempt To Steal Your Clients' Assets
(Matching tags: identity theft,Advisor businesses,fraud)
Identity thieves have become savvy enough to not only go after wealthy individuals but also their financial teams. Emails that look exactly like a typical message from a client may say the client ...
Thursday, January 17, 2013
Wells Fargo Advisor Who Bilked At Least A Dozen Clients Makes Front-Page News In Today’s New York Times
(Matching tags: fraud,Dodd-Frank,FINRA)
... about a
by financial advisors. ...
Monday, January 07, 2013
As Web And Mobile Access To Financial Information Increases, So Do Hackers' Ability To Compromise Account Information. Here Are Steps You And Your Clients Can Take To Limit Their Success
(Matching tags: security,client education,fraud)
As more and more people access financial information over the web, the likelihood their information will be hacked also increases. Media stories of client accounts being compromised is no longer ...
Tuesday, November 13, 2012
Another Advisor Claiming To Be A Fiduciary Accused Of Defrauding Investors
(Matching tags: RIA compliance,fraud,compliance,fiduciaries,sec)
Another RIA and its owner that were recently charged by the Securities and Exchange Commission with running a Ponzi scheme made the fiduciary obligation to clients the central focus of its marketing.
Sunday, September 30, 2012
Libor Was A Lucrative Fiction; So Where Do We Go To Fill The Need For A Floating Rate Benchmark?
(Matching tags: banks,regulation,fraud)
When the financial sector has a need, it invents lucrative new products to fill it. These products are often magnets for abuse. They inevitably blow up. This happened with CDOs. And it happened ...
Friday, September 28, 2012
British Bankers' Association Relinquishes Oversight Of Libor In Preemptive Move
(Matching tags: fraud,global investing,regulation)
The British Bankers’ Association (BBA) will no longer be the governing body for Libor. Libor has been dubbed the world’s most important number but it is a number that has proved unreliable ...
Wednesday, September 26, 2012
The Nature Of Interest Rate Benchmark Calculation Across The Globe Lends Itself To Manipulation; Government Bodies In The Us Are Fighting Against A Five-Year Statute Of Limitations Since Some Infractions Go Back To 2008
(Matching tags: regulation,fraud,interest rates)
US regulators investigating the Libor rate manipulation scandal are asking for more time to complete their investigation. Banks embroiled in the scandal are trying to use the extra time to their advantage ...
Thursday, September 20, 2012
Greater Transparency Is Needed To Completely Diffuse The Damage From The Libor Scandal And Restore Trust In The Marketplace
(Matching tags: markets,banks,fraud)
Banks who participated in the Libor interest rate manipulation scandal have been exposed by global investigations. What needs to happen now is to make banks reveal data that shows just how much damage ...
Tuesday, August 28, 2012
An Audit Of Auditors Reveals Few Broker-Dealers Are Being Sufficiently Audited For Possible Fraud
(Matching tags: fraud, Dodd-Frank,madoff)
... This is the first review of such audits and the findings are particularly troublesome in light of the recent Peregrine Financial Group commodities firm
Tuesday, August 21, 2012
New Report From Financial Services Authority To Serve As Foundation For New Regulations On Libor Rate Calculation
(Matching tags: banks,fraud,investing)
Banks are trying to limit their liability in setting Libor rates by determining a more scientific method. After the Barclays Libor rate manipulation scandal, banks are looking for a very clean method ...
Monday, August 13, 2012
Madoff And Stanford Cases Are Not The Only Kinds Of Fraud Advisors May Run Across: Existing Clients May Have Hidden Landmines, Especially During Divorce
(Matching tags: client feedback,client communications,divorce,fraud)
ulent stories that hit the media—Madoff, Stanford, and others—are not the only
advisors are having to deal with in working with clients. Messy divorces can contain hidden land ...
Friday, July 27, 2012
Barclay's Faces New Investigations But Investors Reward Increased Revenues
(Matching tags: banks,earnings,fraud,global investing)
Barclays has apologized for its role in the Libor scandal and now faces a new investigation by both US and UK regulators on the misselling of financial products. The investigation is focused on sufficient ...
Friday, July 27, 2012
Letters From Failed Suicide Attempt Of PFGBest CEO Reveal Lack Of Regulatory Oversight As Well As How Embezzled Funds Were Used
(Matching tags: investing,regulation,fraud)
Concern for lack of oversight by regulatory authorities is emerging from the embezzlement case of Peregrine Financial Group Inc. (PFG). Letters left by Peregrine’s CEO Russ Wasserman were uncovered ...
Wednesday, July 18, 2012
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