The SEC on Monday charged an adviser whom the agency had barred back in 1992, David Schamens of Greensboro, North Carolina, with lying to retail investors. The Securities and Exchange Commission said in a press release that beginning in 2019, ...

U.S. authorities are examining the involvement of one of Morgan Stanley’s top equities executives in block trades as part of an investigation into whether banks improperly alerted certain clients to market-moving transactions, according to people with knowledge of the matter. ...

The Securities and Exchange Commission has charged German Nino, a former broker and investment adviser representative for UBS Financial Services Inc., with stealing $5.8 million from a client. In a parallel action, the U.S. Attorney’s Office for the Southern District ...

Perry Santillo, a former registered representative charged by the SEC with four others and three firms of operating a Ponzi scheme, has been sentenced to 210 months in prison and ordered to pay restitution totaling $102,952,582.77. Convicted earlier of conspiracy ...

Former financial adviser Matthew O. Clason was sentenced last month to 2½ years — 30 months — in prison after he pleaded guilty in May to one count of wire fraud in federal court in Hartford, Connecticut, stemming from his theft ...

Thomas Brenner, the former CEO of a broker-dealer that was expelled from the industry in 2017, is facing seven federal fraud charges linked to sales of private placement securities that purportedly financed medical laboratory developments.  According to a statement Tuesday ...

The former head of fixed-income trading at IFS Securities Inc., which filed for bankruptcy last year, was charged with fraud on Thursday for allegedly engaging in unauthorized speculative bond trading that cost the Atlanta firm and others more than $30 ...

Aon canceled its planned $30 billion takeover of Willis Towers Watson after failing to convince U.S. officials that the combination, which would have created the world’s biggest insurance brokerage, wouldn’t hurt competition. Aon will pay a $1 billion termination fee ...

The Justice Department sued to block Aon’s proposed $30 billion acquisition of Willis Towers Watson, saying the deal to create the world’s largest insurance brokerage is anticompetitive. The department’s antitrust division filed a lawsuit in federal court in Washington Wednesday ...