SEC

Morning roundup: Recession risks rise; J.P. Morgan investigation Fallback Image Decorative pattern

Economic Indicators

Morning roundup: Recession risks rise; J.P. Morgan investigation

We’re committed to keeping you and your clients up-to-date with global industry news. Every morning, we offer articles from around the web. Here are some selections: – First the Facebookalypse, now Taxmaggeddon! The Congressional Budget Office issued a report saying proposed tax hikes to close revenue gaps could push the U.S. back into recession if […]

By Staff |May 23, 2012

1 min read

Former NAPFA chairman charged with securities fraud Fallback Image Decorative pattern

Industry

Former NAPFA chairman charged with securities fraud

Mark Spangler, former national chairman of the National Association of Personal Financial Advisors (NAPFA), once pushed financial professionals to act in the best interests of their clients. Now, however, he’s accused of securities fraud; he allegedly diverted $47 million of his clients’ funds into private ventures, and an FBI agent claims he made false statements […]

By Staff |May 18, 2012

3 min read

Rogue Morgan Stanley director barred Fallback Image Decorative pattern

Industry

Rogue Morgan Stanley director barred

The Securities and Exchange Commission today charged a former executive at Morgan Stanley, Garth R. Peterson, for secretly acquiring millions of dollars in real estate investments for himself and a Chinese official who steered business to Morgan Stanley’s funds. Peterson violated the Foreign Corrupt Practices Act, as well as the securities laws for investment advisers. […]

By Staff |April 30, 2012

3 min read

Online fraudsters headed for prison Fallback Image Decorative pattern

Industry

Online fraudsters headed for prison

The owners of a dot-com firm are headed to prison for fraud and conspiracy. With the help of two stock promoters, father-daughter duo Nasser and Sholeh Hamedani tricked investors into purchasing 2.7 million shares of their company, The Children’s Internet, at a cost of about $5.5 million. The pair defrauded investors by stating the company’s […]

April 9, 2012

2 min read