|Comments Off on Finra fines UBS $250,000 for overcharging mutual-fund customers

A unit of UBS Group AG will pay a $250,000 fine to settle charges that it failed to waive certain fees for eligible mutual-fund customers, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on FINRA panel orders adviser to pay $333,000 to Morgan Stanley

A former broker for Morgan Stanley must pay the wirehouse $333,000 in damages for failing to pay back money he owed when leaving the firm in 2013, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on Former Merrill Edge adviser accused of misleading customers

The Financial Industry Regulatory Authority Inc. accused former Merrill Lynch adviser of allegedly misleading five clients with individual retirement accounts at the firm by providing incorrect information while making recommendations.

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|Comments Off on FINRA panel directs broker to pay Wells Fargo

Broker Robert Edward Loftus must pay Wells Fargo almost $1 million in compensatory damages after his termination in 2013, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on Investment Branch of Fidelity Sued for Fiduciary Breach

Individuals that contribute to a Delta Air Lines Inc. 401(k) plan have sued sections of Fidelity Investments, on the claim of wrongdoing in the firm’s record keeping role.

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|Comments Off on NJ Couple Faces Prison, Civil Fine Over Alleged Ponzi Scheme

A New Jersey couple who purportedly owned a hedge fund was hit with criminal charges and a hefty civil penalty Friday for allegedly collecting money from two dozen investors and spending it on a lavish lifestyle as part of a Ponzi scheme that netted nearly $600,000 from victims.

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|Comments Off on Starr Austen Helped Secure Huge Recovery for Fraud Victims
In a better-than-average outcome, more than 90 investors who lost $9.7 million in a securities fraud debacle will recover a very substantial percentage of their losses. The investors had put money in a hedge fund, Samex Capital Partners, run by a Fishers, Ind., hedge fund manager Keenan Hauke. The court appointed William Wendling, Senior Partner [...]
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|Comments Off on Scott Starr Presenting at Indiana CPA Society Financial Services Conference on December 18th
Scott Starr will be giving a presentation on securities law at the Indiana CPA Society Financial Services Conference on December 18, 2014 from 11:20 am - 12:15 pm. The presentation will address what is and is not a security, under Indiana Securities Law; how creating commercial entities can sometimes cause liabilities under Indiana Securities Law; [...]
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|Comments Off on Scott Starr Presenting at ACFE Professional Conference on September 17
Scott Starr will be giving a presentation on securities law at the annual Association of Certified Fraud Examiners (”ACFE”) Professional Development Conference on September 17, 2014 from 9:10am-11:05am. The conference will take place at the following location: PATCtech 5325 Decatur Boulevard Indianapolis, IN 46241 You may register for the conference here. The ACFE is comprised [...]
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|Comments Off on Accounting Firm Agrees to Settlement in Ponzi Fraud Case
Indianapolis-based accounting firm DeWitt & Shrader PC agreed to settle a lawsuit brought by a receiver appointed for Samex Capital Partners, LLC involving the way it provided services for convicted Ponzi schemer Keenan Hauke. The suit alleged that DeWitt & Shrader violated the Indiana Securities Act and committed negligence and fraud, as well as breach [...]
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