Investment fraud is far too common as many investors blame themselves for losses and don’t know they can recover their investment losses.
On August 1, 2024, a federal jury in Brooklyn delivered a landmark verdict, finding David Gentile, founder and CEO of GPB Capital Holdings, and Jeffry Schneider, head of Ascendant Capital, guilty of fraud and conspiracy to commit securities fraud. The seven-week trial, which began on June 12, unveiled a sophisticated financial deception scheme that jeopardized […]
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The SEC imposed an $18 million fine on LPL Financial LLC on January 17, 2025. This substantial penalty resulted from the firm’s failure to comply with anti-money laundering (AML) regulations. AML programs are designed to prevent criminals from using financial institutions to conceal illicit funds. LPL’s infractions included maintaining high-risk accounts that should have been
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Money troubles can hit anyone, even big companies. Fidelity, a well-known financial firm, just got in hot water. They have to pay a big fine because one of their workers did something wrong. Fidelity faces a $600K penalty for an employee’s stock plan fraud. This happened on January 10, 2025. FINRA, a group that watches
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Have you ever felt pushed to buy something you didn’t want? A former Fidelity advisor claims this happened with high-fee investments. He says the company forced advisors to sell costly products to clients. This raises big questions about trust in the finance world. On May 8, 2024, the ex-advisor, Michael Maeker, filed a lawsuit against
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Edward Jones, a big investment firm, just paid $17 million to end a state probe. This news shook up the finance world. The case looked at how the company moved money between accounts. It’s a big deal because it affects how people save for retirement. As a finance expert with 15 years in the field,
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