Most Recent Blog Posts

Jun 04, 2014

Compliance is the Seat of Power & Responsibility

Compliance officers take note: with great power comes great responsibility....More
May 29, 2014

Alleged Chicago Con Man Busted

The owner of two Chicago-based investment advisory firms is facing civil and criminal charges on Wednesday after authorities allege he operated a....More
May 16, 2014

The Blotter Report: Swindlers and Thieves

A California man was forced to pay $22 million after the SEC caught up with him. Closer to home, a former advisor employed with Citigroup and First....More
Apr 29, 2014

SEC Chair Wants to Settle Fiduciary Uncertainty This Year

Chair Mary Jo White called the fiduciary standard an “extraordinarily high priority” for the Securities and Exchange Commission, saying it’s her goal....More
Apr 29, 2014

Regulation Nation

Regulators produced over 3,000 new rules and regulations last year, racking up $1.863 trillion in compliance costs and economic impact, according to....More
Apr 15, 2014

The Blotter Report: Sneaky Suspects

The owner of a failed New York City-based brokerage firm and his partner are busted for an international kickback scheme, while on the other side of....More
Apr 03, 2014

FINRA Cases Decrease, But Fines Increase

The number of FINRA enforcement cases aimed at financial firms may be down slightly so far this year, but the fines themsleves are on the rise....More
Apr 02, 2014

The Blotter Report: Eating the Paper Trail

Would-be fraudsters beware: Eating the evidence will not deter the Securities and Exchange Commission. A Morgan Stanley stockbroker and an employee....More
Mar 31, 2014

No ‘Get-Out-of-Jail-Free’ Card for Financial Firms

Manhattan U.S. Attorney Preet Bharara put financial companies on notice Monday, saying he will hold institutions, not just individuals, accountable....More
Mar 26, 2014

Could One Cyber Threat Take Down Your Practice?

Target will live. But one data breach could bring down an investment advisor practice, speakers said during an SEC roundtable. Are small RIAs being....More
Mar 03, 2014

The Blotter Report: Career Criminals

It seems that some fraudsters are in trouble over and over. An ex-Merrill Lynch advisor out of Boston is being charged for additional fraud after she....More
Jan 21, 2014

The Blotter Report: New Year, Same Scams

What are Friends For? A life-long friendship that began in Long Island ended in allegations of a $9 million insider-trading scheme last week. On....More
Jan 16, 2014

SIFMA Chief Slams FSOC's Coordination Efforts

SIFMA’s new CEO and President Ken Bentsen called out the Financial Stability Oversight Council, saying the group charged with facilitating....More
Dec 12, 2013

Regulatory Revolving Door Not Bad

The revolving door between Wall Street executives and Washington regulators should not be decried, but perhaps celebrated....More
Dec 09, 2013

The Blotter Report: Life Behind Bars

An investment advisor known for his publications on investing and avoiding financial fraud is arrested for swindling an elderly client, while two....More
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Compliance, regulatory and legal issues, with a fair amount of cops and robbers for fun.

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