When you walk into a financial adviser’s office, you expect them to put your best interests above all else — in the same way a doctor would, rather than, say, a car salesman. But many people don’t realize…
Securities Fraud
Some financial advisors did not get a lot of love from the White House bully pulpit on Tuesday when President Joe Biden rolled out the Department of Labor’s newly proposed fiduciary rule governing retirement accounts. The proposed rule…
“A trade group representing plaintiffs’ lawyers on Tuesday called for the Securities and Exchange Commission to end a “broken” arbitration system for investors bringing claims against registered investment advisors and to force RIAs to be more transparent about…
“Following last month’s report by the SEC to the House Appropriations Committee on private arbitration (and the use of forced arbitration clauses) in the RIA industry, investor advocates vow that if the commission won’t mandate more industry transparency, they’ll push…
The Securities and Exchange Commission has no way to track the number of registered investment advisor arbitrations or unpaid arbitration awards, according to a just-released report. Last year, the House Appropriations Committee expressed concerns about the proliferation of…
SALT LAKE CITY, UTAH- Antiguos clientes de Wealth Navigation Advisors (WNA) d/b/a Oak Lane Advisors, con sede en Centerville, Utah, presentaron una demanda contra la firma de asesoría por más de $ 850,000 perdidos en un esquema Ponzi…
CENTERVILLE, Utah (KUTV) — A lawsuit was filed on Tuesday against Centerville-based financial group Wealth Navigation Advisors in connection to a decade-long Ponzi scheme that resulted in around $30 million being stolen from over 50 people. A man…
SALT LAKE CITY — Mark Fox says he met Stephen Romney Swensen 25 years ago when the two had adjacent hangars at the Ogden-Hinckley Airport. The two became friends, and Fox learned that Swensen was also a financial…
Attorneys: Stephen Romney Swensen Pitched the Fictitious Fund as a “Bucket 1” Investment, But Spent the Money on Airplanes, Mistresses and Lavish Lifestyle. Swensen Took His Own Life When the Deception Was Exposed. SALT LAKE CITY – MAY…
“Credit Suisse has asked a New York federal judge to permanently toss a proposed class action alleging it caused retail investors substantial losses in delisting a popular exchange-traded note, arguing the investment banking company put out adequate warnings…