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, ...

The Securities and Exchange Commission said Wednesday it had barred a former senior executive at the Woodbridge Group of Companies, Ivan Acevedo, from working in the securities industry. Acevedo, who’s 44, pleaded guilty last summer to conspiracy to commit mail ...

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 ...

Fake investments purporting to be cryptocurrency and digital asset offerings could do the most harm to investors this year, state securities regulators said Monday. Crypto scams were cited as the top investor threat in an annual survey released by the ...

A federal court in Wisconsin has entered a partial judgment against Michael F. Shillin, a former registered investment adviser, whom the Securities and Exchange Commission had previously charged with defrauding at least 100 advisory clients. The judgment bars Shillin from ...

After pleading guilty to criminal charges over the summer, two senior executives of the Woodbridge Group of Companies on Friday settled civil charges with the Securities and Exchange Commission for $3.75 million. The two executives, Dane Roseman and Ivan Acevedo, ...

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 ...

A one-time investment adviser representative who courted clients with Bible-thumping zeal and loads of Texas charm, William Neil “Doc” Gallagher was sentenced Monday to three life sentences — plus another 30 years in prison — in Fort Worth, Texas. The ...

Kenneth Welsh, a former broker and investment adviser, was arrested Thursday at his home in River Edge, New Jersey, for stealing more than $2.8 million from five clients to pay for his gambling and to buy personal luxury items. Welsh ...