Daily Archives: February 1, 2016, 1:53 pm

SEC nears end of case against ‘no show’ financial adviser | Reuters

The U.S. Securities and Exchange Commission on Monday is to wrap up its case against a financial adviser who refuses to defend herself in the agency’s in-house enforcement proceeding, citing constitutional issues. Dawn Bennett, chief executive officer of Bennett Group Financial Services LLC., in Washington, DC, and her lawyers have skipped the proceeding, which began last Wednesday and ends on…

Read More

Allen Stanford’s house of cards: How TD banked the 2nd-largest Ponzi scheme in U.S. history | Globalnews.ca

To pull off that massive scam, Stanford needed help and he found it in the most unlikely of places – the Toronto Dominion Bank in Canada. TD banked Stanford and his Antiguan bank for 18 years, starting in 1991, helping him move money from his clients in the U.S. and South America – to accounts he controlled in Toronto. via…

Read More

This is exactly how the FBI convinces hedge funders trading on inside information to spill the beans on everyone else | Business Insider

When the FBI wants to get a hedge fund portfolio manager to be a cooperating witness in an insider trading case, they will literally follow that person everywhere, according to FBI Special Agent David Chaves. Basically, the FBI learns how you take your coffee, what you do in the gym, and who you’re sleeping with. via This is exactly how…

Read More