Patrick Neal Foley, formerly with Merrill Lynch’s Ontario, California branch office, has been barred by the Financial Industry Regulatory Authority (FINRA) following his failure to comply with a FINRA investigation into his acceptance of a loan...
Wedbush Securities will pay $8.1 million to settle charges stating that the firm improperly handled American Depository Receipts (ADRs); leaving the ADR markets open for abuse.
DKR is investigating and prosecuting claims against Morgan Stanley related to broker Kevin C. Yang. The broker allegedly made unauthorized trades in customer’s accounts.
The Securities and Exchange Commission has charged San Diego investment advisor, Christopher D. Dougherty, with defrauding clients out of $7 million while operating a Ponzi scheme under his firm C&D Professional Services. Facts of the Case...
The U.S. Securities and Exchange Commission seized the assets of two men who posed as pastors in order to defraud investors in a $25 million Ponzi scheme.
The FBI has arrested Canadian Khemraj Dave Hardat on wire fraud charges arising from allegations that he duped seven individuals into wiring him over $5 million over a three-year period in a Ponzi Scheme. According to the complaint, Hardat...
