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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...

Massachusetts Finalizes State Fiduciary Rule

Secretary of the Commonwealth William Galvin has filed regulations to impose a fiduciary conduct standard in Massachusetts. The new regulations will go into effect...

SEC Obtains Judgment Against Former Adviser Charged with Defrauding Retirees

A federal district court in Massachusetts entered a final judgment against Richard Cody, a former investment adviser and broker representative who defrauded Massachusetts retirees. According...

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...

SEC Charges Alleged Orchestrator of Cryptocurrency Scheme Targeting Physicians

The Securities and Exchange Commission has filed charges against an Ohio-based businessman who allegedly orchestrated a digital asset scheme that defrauded approximately 150 investors,...

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...

SEC Charges Former Broker with Defrauding Retail Investors

The Securities and Exchange Commission has charged Edward Matthes, a former Wisconsin-based registered representative and investment adviser, with defrauding 26 of his mostly elderly...

SEC Bars Longtime Broker Who Pled Guilty to Defrauding Retail Investors

The Securities and Exchange Commission has barred a Connecticut investment adviser after he pleaded guilty last month to one count of wire fraud for...

Court Orders Tech Fund Adviser Charged by SEC to Pay More...

A federal district court has ordered San Francisco-based fund adviser Michael B. Rothenberg to pay more than $31 million in disgorgement, prejudgment interest, and...

SEC Obtains Fraud Judgment Against Former Adviser Who Stole $1.9 Million...

The Securities and Exchange Commission has obtained a final judgment against Jay Costa Kelter, a former registered investment adviser and registered representative who was...