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The SEC has filed civil fraud charges against a pair of New England men and the private fund they ran—a fund that Massachusetts regulators say ...
Some of his widowed victims came to him through an elder care placement center owned by his wife
The defendants’ conduct involved fraud, deceit, or deliberate or reckless disregard of regulatory requirements
OCIE "searches for signs of fraudulent schemes perpetrated through brokerage and advisory accounts"
Peter de Roetth opened Account Management ($135M in AUM) in Boston in 1963. One of his earliest clients was a woman who stuck with him ...
It’s not news that getting a client to loan you money or becoming a beneficiary of his or her estate is almost always a sure ...
Peter de Roetth, with Chris de Roetth’s knowledge, made concentrated efforts to get Ms. Doe to sign an amendment that continued her trust for twenty ...
One year after the SEC’s Investor Advocate Rick Fleming stated in his annual report to Congress on his objectives that the Commission’s three fiduciary duty ...
Glick and FMS provided clients with false account statements that hid Glick's improper use of client funds to pay personal expenses and his improper transfers ...
The SEC's complaint alleged that Vaccarelli defrauded at least nine investors, several of whom were elderly, of over $1,000,000. Instead of investing the customers' funds ...
Financial regulators are actively encouraging investment advisers and broker-dealers to train their employees on how best to detect and report suspected senior financial exploitation. On ...
Lindell obtained unauthorized control over funds designated for the purchases of securities by his client and diverted the funds to his personal use and/or ...
This Fact Sheet from the SEC, FINRA and NASAA provides general information regarding the Senior Safe Act with the goal of educating financial institutions and ...
Come July, Richard Cody will report to federal prison to begin serving a two-year sentence for investment adviser fraud. But his elderly victims will never ...
When a client asked Michael Giokas if he could record their phone conversation, the owner/CCO of Giokas Wealth Advisors in Clarence, N.Y., had no idea ...
If you’re having difficulty making the case for sufficient resources for your firm’s compliance program, you may want to consider laying the latest speech from ...
From approximately 2009 through March 2011, Gierten misappropriated a total of $39,000 from one of his clients, who was an elderly military veteran. Gierten did ...
To create an interdivisional taskforce at the Securities and Exchange Commission for senior investors.
This OCIE exam letter features questions aimed at how the adviser handles its senior clients. It also showcases an example of a trade blotter that ...
Maxwell, among other things, obtained $170,000 from two of his elderly clients to acquire an unsuitable blockchain investment fund without adequately disclosing the nature and ...
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