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SEC Files Fraud Charges Against Co-Founder of IIG

The Securities and Exchange Commission has charged David Hu, the co-founder and chief investment officer of International Investment Group LLC (IIG), a former registered investment...

FINRA Fines Cadaret Grant $200,000 Over Rep’s Alleged Ponzi Scheme

Financial Industry Regulatory Authority has issued a $200,000 fine against Cadaret, Grant & Co. Inc., alleging that the broker-dealer failed to supervise one of...

Investment Fund Manager Indicted in Alleged $68 Million Securities Fraud

Investment fund manager Brenda Smith has been indicted by a federal grand jury on six counts of wire fraud and one count of securities...

Court Fines Ponzi Scheme Operators $1.8 Million

Neil Burkholz of Boca Raton and Frank Bianco of Pembroke Pines, Florida, who were charged by the SEC last year for conducting an alleged...

SEC Charges Former Merrill Lynch Registered Representative with Defrauding Investors

The Securities and Exchange Commission has charged Phillip Conley, a West Virginia-based former registered representative, with conducting fraudulent securities offerings in which he raised...

SEC Charges Three Former RIA Employees with Attempting to Thwart Ponzi...

The Securities and Exchange Commission has charged three individuals who, while working for investment adviser Stephen C. Peters, falsified and withheld documents that were...

Former Woodbridge Broker Indicted for Alleged $9 Million Fraud on Elderly

The Texas State Securities Board announced that Brett Pittsenbargar, an Austin-based insurance agent who allegedly sold $9.3 million in fraudulent investments, is facing first-degree...

FINRA Bars Another Broker for Selling Woodbridge Ponzi Promissory Notes

The Financial Industry Regulatory Authority has barred Jeffrey Scott Nimmow for selling nearly $3.4 million in Woodbridge promissory notes to investors. In January 2019, a...

Former Ameriprise Financial Advisor Sentenced for Running $8.2 Million Ponzi Scheme

Li Lin Hsu, a former Ameriprise financial advisor who ran an $8.2 million Ponzi scheme that defrauded 20 of her clients, including some of...

SEC Bars Five Over Woodbridge Ponzi Scheme

The Securities and Exchange Commission has barred Charles N. Nilosek of Position Benefits, Jeffrey L. Wende of Wendel Financial Network, Aaron A. Andrew of...