Randall Merk, a former executive for Charles Schwab & Co. Inc., has agreed to pay a civil penalty of $150,000 and be suspended for one-year to settle charges of fraud and misleading investors

On Nov. 21, the SEC announced that Merk signed a consent and a proposed final judgment against him without admitting or denying the allegations.

The unlawful conduct related mostly to the Schwab YieldPlus Fund, the former flagship fixed-i...

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An analysis by The New York Times of the Securities and Exchange Commission (SEC) enforcement actions during the past 15 years has found that Wall Street firms have broken antifraud laws they had pledged not to breach in at least 51 cases.

These cases involved 19 different firms, according to a report that appeared in the newspaper on Nov 7.

Citigroup’s recent attempt to settle civil charges that it had defrauded custo...

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Wall Street’s most recent synthetic investments, despite the catchy names, offer more risk that your broker is likely to disclose. The retail market for structured notes or equity linked notes, with principal protection has skyrocketed in recent years. Why? Because they are easy to sell to unsuspecting investors, offer high commissions, and have names that make them at least appear safe.

These products often have misleading names such as "Read Full Article

The Financial Industry Regulatory Authority ("FINRA") fined Wells Fargo Advisors, LLC of St. Louis, $1 million for its failure to deliver prospectuses in a timely manner to customers who purchased mutual funds in 2009, and for delays in reporting material information about its current and former representatives, including arbitrations and complaints involving its representatives.

This is not old news, but a continuing part of Wells Fargo’s failures and fraud in connection with t...

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Investors suffering losses in the Oppenheimer Rochester Funds may have claims against their stockbrokers or financial advisors for failure to perform due diligence.

Last year, investors in the Oppenheimer Rochester National Municipal Bond Fund collectively lost in excess of $5 billion as these shares lost more than 60% of their value.

The Oppenheimer Rochester National Municipals Fund was a highly speculative, and well known "junk bond" fund. According to the Company’s Prospectus and Morningstar, the Oppenheimer Rochester National Municipals Fund was...

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