A federal court for the District Court for the Central District of Illinois entered an injunction against Timothy J.Roth, of Urbana, Illinois, a stockbroker with the NJ based firm Comprehensive Capital Management, Inc. for stealing more than $16 million of his clients’ mutual fund shares, liquidating the shares, and sending the ill-gotten gains to various accounts and companies under his control.

The judgment permanently enjoins Roth from violating the antifraud provisions of the federal securities laws. Roth consented to the judgment.

According to the
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The Public Investors Arbitration Bar Association PIABA issued a statement finding FINRA's proposed new rule which would allow for stockbrokers, who are not named as parties in customers' arbitration complaints, but whose conduct is the subject of investors' complaints, to seek removal of the investor's complaint from the stockbroker's regulatory record.

PIABA is a voluntary bar association of Attorneys who represent investors in claims aga...

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In 2012, The Office of the Whistleblower was established to administer the SEC’s whistleblower program formed in accordance with Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Section 21F of the Securities Exchange Act of 1934.

The Act provides that the SEC shall pay awards to eligible whistleblowers who voluntarily provide the SEC with original information that leads to a successful enforcement action yielding monetary...

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The Securities and Exchange Commission today charged Stephen A. Colangelo, Jr. a purported investment adviser in New York with defrauding investors who he convinced to invest in his start-up businesses while in reality he was spending their money on illegal drugs and gambling.

According to the SEC Complaint, From 2009 through 2011, Colangelo solicited and obtained over $4 million from investors by making material misrepresentations and omissions concerning Colangelo's prior trading activity and historical rates of return, Colangelo's criminal history and educational ba...

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The Securities and Exchange Commission today charged four brokers who formerly worked on the cash desk at a New York-based broker-dealer with illegally overcharging customers $18.7 million by using hidden markups and markdowns and secretly keeping portions of profitable customer trades.

The SEC alleges that the brokers purported to charge customers very low commission fees that were typically pennies or fractions of pennies per transaction, but in reality they were reporting false prices ...

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