|Comments Off on SEC’s Office of Compliance Inspections and Examinations Identifies Frequent Advisor and Brokerage Firm Shortcomings

On February 7, 2017, the SEC’s Office of Compliance Inspections and Examinations issued a report which is both telling and confirmatory of what the Starr Austen & Miller stock fraud team has seen for many years.

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|Comments Off on Indiana settles with securities firm over agent who ran Ponzi scheme

Attorney Scott Starr, who represented 33 of Schwartz’s victims, told the Kokomo Perspective in 2015 that 71 parties filed claims against the Schwartz estate, seeking more than $36 million.

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|Comments Off on Oil Futures Trader Gets 10 Years For Ponzi Scheme

Texas federal judge on Tuesday sentenced a New York-based oil futures trader to 10 years in prison for orchestrating a Ponzi scheme in relation to his operation commodity pool, which took more than $1.4 million from investors.

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|Comments Off on Securities watchdog bans second broker in alleged Veros Ponzi scheme

Financial industry regulators have permanently barred a local broker alleged to have participated in a Ponzi scheme.

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|Comments Off on New Albany, Indiana Man Arrested on Multiple Counts of Securities Fraud and Theft

New Albany, Indiana Man Arrested on Multiple Counts of Securities Fraud and Theft

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|Comments Off on Trader Charged $9M Ponzi Scheme Not Singled Out

An Illinois federal judge on Thursday refused to dismiss an indictment against a Chicago trader who has been charged with wire fraud for orchestrating an alleged $9 million Ponzi scheme, ruling that he wasn’t singled out for prosecution while other similarly situated violators were let off the hook.

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|Comments Off on U.S. Takes Down Call-Center Financial Scam

Federal authorities said Thursday they had dismantled a massive call-center scheme perpetrated by individuals in the U.S. and India who bilked thousands of Americans out of hundreds of millions of dollars by posing as Internal Revenue Service and Department of Homeland Security officials.

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|Comments Off on Florida Man Gets 17 Years For Currency Trading Fraud Scheme

A Florida man was sentenced Tuesday in Miami to more than 17 years in federal prison for duping about 300 investors out of millions of dollars through a phony currency trading firm before cashing out and fleeing to Panama.

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|Comments Off on SEC sets record in enforcement actions against investment advisers

Uptick in adviser crackdown attributed to better data analytics and agency’s new unit focused on asset management

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|Comments Off on SEC Charges Adviser Over Cherry-Picking Trades

The U.S. Securities and Exchange Commission on Tuesday filed an in-house suit alleging a Hawaii-based investment adviser cherry-picked profitable trades for himself instead of clients’ accounts and falsely claimed he wouldn’t “double dip” on management and advisory fees.

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