1. Mark Spangler Indicted On 23 Counts Of Fraud And Money Laundering; Government Seeks $41.7 Million
(Matching tags: US investing,RIA compliance,securities fraud,NAPFA,Dodd-Frank,fiduciaries,sec,advisor industry people)

... ownership stake.     The 23-count criminal indictment was handed down just after the Securities and Exchange Commission filed a civil complaint against Spangler.  ...

2. Department Of Justice Forms New Task Force To Investigate 2007-2009 Fraud Cases
(Matching tags: fraud,mortgage debt,securities fraud)

A new task force has been created to investigate fraud in the mortgage crisis from 2007 - 2009. Ten new attorneys and five financial analysts and auditors have been hired by the Department of Justice ...

3. Chicago-Based MBA And Derivatives Consultant Points To Fraud As Cause Of 2008 Crisis
(Matching tags: Dodd-Frank,FINRA,securities fraud,sec)

The research of an industry critic who correctly predicted the fall of the thrift industry and of Enron says the 2008 credit crisis was caused by a web of fraud by mortgage originators, securitizers, ...

4. Madoff Fooled Employees With Boastful Statements And Hubristic Retorts
(Matching tags: fraud,madoff,securities fraud)

When two computer programmer employees questioned why there was no record of stock trades, Bernard Madoff angrily told them to stop telling him how to run his business. He also said the trades were done ...

5. California Advisor Stole $3 Million From Clients, SEC Alleges
(Matching tags: sec,securities fraud)

Modern Ponzi schemes normally create at least the illusion that there's a unique investment product to tempt victims. However, there are always exceptions.

6. Thursday's News Seemed Like It Came Right Out Of A Tom Wolfe Novel
(Matching tags: U.S. credit rating,investing,regulation,securities fraud,Offbeat,U.S. economy,world economy,stocks)

... which just two weeks ago stripped the U.S. Government of its AAA credit rating, was reported to be under investigation by the U.S. Department of Justice for improperly rating dozens of mortgage securities ...

7. Scathing Column On Securities America Sales Practices By Minneapolis StarTribune Is Blind To Ameriprise's Mistakes
(Matching tags: fraud,independent broker-dealers,compliance,securities fraud)

Securities America, which is to be sold by Ameriprise, was the subject of a scathing column yesterday by a newspaper columnist in Minneapolis.  ...

8. Arrest Warrants Out For Alleged Ringleaders Of $32 Million M&A Insider Trading Scheme
(Matching tags: sec,securities fraud)

The SEC has charged a corporate lawyer and a trader with colluding to profit from early information on at least 11 mergers and acquisitions. A criminal case is also pending.

9. Securities America Loses $400 Million Private Placement "Poverty" Plea
(Matching tags: securities fraud,compliance)

A federal judge has ruled that despite Securities America's claims that it doesn't have the cash to make good on its clients' losses in a bad private equity placement, the claims are valid and can proceed. ...

10. Bernie Madoff Did Us A Favor
(Matching tags: securities fraud,fiduciaries,madoff)

Bernie Madoff’s crime is a wake-up call for real due diligence. But little has changed and this week’s press interviews from Madoff’s jail cell are a somber reminder of the pain ...