Special Report: Sweethearts in Crime by Matthew Goldstein (REUTERS)Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren't exactly hiding, either. But the former Greenwich, Connecticut, residents owe U.S. regulators nearly a half-million dollars in fines and restitution for their part in a five-year-old penny stock manipulation scheme. Read veteran Wall Street reporter Matt Goldstein's provocative take on this story: http://www.reuters.com/article/idUSTRE63E2SV20100415==========================================RRBDLaw.com: New FINRA Cases Analyzed by Bill Singerhttp://www.rrbdlaw.com/enforcement-actions/index.php?cid=1Regulatory lawyer Bill Singer has analyzed and posted the latest crop of FINRA disciplinary cases.
- If you want to steal a half a million bucks from a bank, just write "At the Customer's Request" on a deposit slip. Think I'm kidding? CLICK HERE.
- These bank cases are getting annoying -- I mean, c'mon now, it can't be that easy to steal money -- can it? Read about one enterprising employee who embezzled $1,452,158, and then enjoy a hilarious Woody Allen clip. CLICK HERE
- How about the broker how sold $2.5 million of promissory notes to individuals, for which he received commissions of approximately $157,000. His investors ultimately lost more than $2.2 million of the $2.5 million that they had invested. CLICK HERE
- You heard about the Merrill Lynch caper that seems straight out of a Marx Brothers' movie? Ya got yer disappearing facsimile machine. Ya got yer lawyer who's not a lawyer but has a business card that says he is. Ya got some odd shenanigans involving the Office of General Counsel. CLICK HERE
- What's up with Equity-Indexed Annuties (EIA)? Looks like FINRA is cracking down. Read these cases for guidance. CLICK HERE