Blog
InvestmentNews — LPL Sues Pac Life Over Purchase of Broker Dealers
November 30, 2009
Indemnification dispute with the insurer won’t affect their businesses, firm insists By Bruce Kelly At the same time that LPL Holdings Inc. and the three broker-dealers it bought from Pacific Life Insurance Co. were filing suit against the insurer, LPL was reaching out to its advisers to reassure them that the dispute wouldn’t affect their […]
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Regulators crack down on Oxford Global Ponzi scheme
November 26, 2009
Federal regulators announced Tuesday that they have charged a Minneapolis money manager and a Burnsville radio personality with running a Ponzi scheme that defrauded at least 1,000 people out of more than $190 million in a bogus currency investment scheme. The U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) issued […]
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South Florida Attorney at Center of Fraud Scheme
November 12, 2009
Scott Rothstein, partner of South Florida law firm Rothstein Rosenfeldt Adler, has found himself at the center of an FBI investigation. The Bureau is alleging that Rothstein may be the linchpin of an investment scam that could top $1 billion. Rothstein, who is out of town at an undisclosed location, is not yet being charged […]
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Florida Government Agency Target of SEC Fraud Investigation
November 6, 2009
The St. Petersburg Times has reported today that a Florida government agency is the subject of a Securities and Exchange Commission (SEC) fraud investigation. The Florida State Board of Administration (FSBA), an agency charged with managing over $100 billion in public investments including that of local governments and one million current and future retirees, is […]
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CIT Group Seen as Lost Cause by Government, Even After Move to Generate Capital
November 4, 2009
Though taxpayer money has thus far kept embattled financial institution CIT Group, Inc. alive, the government is faced with the reality that it has made a bad investment. The company has finally filed for bankruptcy after unsuccessfully attempting to generate capital from the government, and generating capital from individual investors. The reality that the government […]
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