Advertising Compliance
Former FBI Agent In Court On Ponzi Charges
An interagency task force has uncovered what looks like an early-stage Ponzi scheme operating in a former FBI special agent's RIA firm.
Advisers Using Social Media in Their Businesses Must Tread Carefully
FINRA’s first effort, Regulatory Notice 10-06, seemed to raise as many questions as it answered. Now FINRA has issued further guidance with the issuance of Regulatory Notice 11-39 (“RN 11-39”), which is meant to supplement, not supplant, Regulatory Notice 10-06.
"Socially Conscious" RIA Pays $11 Million To Settle Ponzi Charge
A Philadelphia advisor has agreed to pay "clients, friends, and family" back millions that he allegedly took to fund his own activities under the guise of finding socially responsible investment opportunities.
Massachusetts Investigates Advisor Social Media Practices
Financial advice in Massachusetts is a high-tech business, with about 44% of state-registered advisors already using social media to reach clients and prospects.
Another Radio-Driven Investment Scheme Indicted For Fraud
Federal prosecutors have formally indicted a 73-year-old religious talk radio host for allegedly bilking his listeners out of $194 million.
