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Read Debra Hayes as quoted in a Wall Street Journal Article on Morgan Keegan Securities Arbitration [read more]

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>>> September 30, 2009

Former Paul Hastings Tax Associate Spared Prison for Insider Trading

Former Paul Hastings tax associate Eric A. Holzer on Tuesday was spared a prison term for trading on inside information on two corporate transactions in 2005

>>> September 29, 2009

Ponzi scheme charges filed

Paul Egan / The Detroit News

A Waterford Township financial adviser targeted seniors as the top salesman in a $250 million Ponzi scheme, the U.S. Securities and Exchange Commission charged in a federal lawsuit filed Monday.

>>> September 28, 2009

Firm deceived investors, new filing alleges

By Gary Harmon/ The Grand Junction Daily Sentinel

Valley Investments and its owner committed securities fraud in their offers to investors, the Colorado Division of Securities said in a new court filing.

>>> September 24, 2009

Prudential broker spared long sentence in trading fraud

The youngest member of a ring of brokers at Prudential Securities Inc. who fraudulently traded mutual funds for millions of dollars in commissions was spared a possible 105-year prison sentence yesterday, ordered instead by a federal judge to serve two months in a halfway house and two years of probation.

>>> September 22, 2009

Regions to pay $1M penalty in investment fraud

By CURT ANDERSON AP

MIAMI — Regions Bank has agreed to pay a $1 million penalty to settle a Securities and Exchange Commission complaint that it played a role in a long-term investment fraud that charged huge hidden fees and sales commissions to thousands of unwitting Latin American investors.

>>> September 21, 2009

Merrill to pay $26.5 million to settle sales probe

The Texas state securities commissioner said Bank of America's Merrill Lynch unit will pay up to $26.5 million in a national settlement stemming from a Texas claim that the brokerage allowed unregistered salespeople to sell securities.

>>> September 17, 2009

S.J. man sentenced 8 years for securities fraud

Berryessa Sun Staff

William J. "Boots" Del Biaggio was sentenced to 97 months in prison and ordered to pay approximately $67.5 million in restitution for his role in a $100-million fraud scheme, the U.S. Attorney's Office announced this week.

>>> September 16, 2009

Federal Judge Rakoff Slams SEC Complicity in the Bank of America Fraud Case

By: Avery Goodman

In the past, the SEC, CFTC, and other supposed regulators became accustomed to rubber stamps on numerous settlements that have whitewashed executive misconduct, at the expense of shareholders. This process, encouraged by the fact that many so-called "regulators" look forward to quickly return to the banking industry after their stay in government, appears to be changing.

>>> September 15, 2009

Ex-NBA Player Wins Claim against Morgan Keegan

By SUZANNE BARLYN

NEW YORK -- A former Los Angeles Lakers professional basketball star won a $1.46 million arbitration award against Morgan Keegan & Co. for losses related to mutual funds that made bets in debt and other mortgage-related holdings, according to an arbitration award.

>>> September 14, 2009

When your broker goes bad.

By Donna Rosato, Money Magazine senior writer

What if your losses in this market were due to a financial adviser who didn't play fair? Getting your money back won't be easy, but your odds may be improving.

>>> September 11, 2009

Ex-Miami DEA chief indicted in Allen Stanford scandal

BY MICHAEL SALLAH AND ROB BARRY

The former chief of the U.S. Drug Enforcement Administration's Miami office who led the agency's cases against infamous Panama strongman Manuel Noriega and Medellín cartel kingpin Fabio Ochoa was indicted by a federal grand jury Thursday for ordering the shredding of records belonging to disgraced banker Allen Stanford.

>>> September 10, 2009

Judge Orders UBS to Set Aside $35 Million in Hedge- Fund Case

By CARRICK MOLLENKAMP and SERENA NG

A Connecticut judge ordered UBS AG to set aside $35.5 million to cover a potential judgment against it in a case involving complex debt securities that the firm's employees called "crap" and "vomit," according the judge's Tuesday decision.

>>> September 4, 2009

Man Accused of Running Ponzi Scheme in Brooklyn

By KAREN ZRAICK

A Brooklyn money manager was arrested on Tuesday and charged with swindling hundreds of investors, including many retirees, out of $40 million in what prosecutors called a “classic Ponzi scheme” dating to the 1970s.

>>> September 3, 2009

SEC watchdog: agency mishandled Madoff probes

By MARCY GORDON, AP Business Writer

WASHINGTON – The watchdog of the Securities and Exchange Commission has found the agency consistently mishandled its five investigations of Bernard Madoff's business, despite ample complaints over 16 years about the multibillion-dollar fraud.

>>> September 2, 2009

Merriman Ascends Out of Fraud's Ashes

By JENNY STRASBURG

A boutique San Francisco investment bank ensnared in a fraud was just months ago left for dead. But a new investment, led in part by one of the fraud's own victims, has given the bank a second life.

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