L.A. Firm, Founder Charged in $19 Million Illegal Securities Offering
SEC alleges “recidivist founder” Ira Warkol charged 35% commissions.
Regulation
Adviser Charged with Defrauding NFL Players with Brain Injuries
SEC alleges Phillip Howard took advantage of ‘vulnerable investors’ to line his pockets.
UK Firm Shuttered Over Pension Plan Mismanagement
Ecroignard Trustees was accused of investing in risky, illiquid vehicles.
Auditor Says Kentucky Pensions Not Compliant with Transparency Laws
KRS says the report is ‘highly flawed’ and ‘unfairly slammed’ its efforts.
SEC Charges ‘Guru’ in Alleged Fraudulent Digital Token Offering
Connected ‘political figure’ who invested $1 million was among the scam’s victims.
Hedge Fund CEO Arrested in Alleged $105 Million Fraud
Charges against Brenda Smith could bring maximum of 100 years in prison.
Pension Funds Sue Novo Nordisk for $1.75 Billion over Alleged Collusion
Lawsuit claims pharmaceutical firm engaged in insulin price fixing, and misled investors.
Anheuser-Busch InBev Hit with Shareholder Class Action Suit
Suit alleges brewer made false and misleading statements about financial condition.
SEC Charges Former CFO with Defrauding Thousands of Investors
1 Global Capital’s Alan Heide allegedly knowingly signed off on overvalued statements.
Walgreens Sued for $300 Million over Alleged 401(k) Mismanagement
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
Millions at Risk of Falling for Pension Scams
UK Regulators warn public to be wary of tactics used to pilfer their savings.
UK Recruitment Firm Prosecuted for Trying to Avoid Giving Pensions
SKL Professional Recruitment is also accused of lying to The Pensions Regulator.
UK Pensions Making ‘Fat Living’ Off of Hidden Fees
Scathing report says industry can’t be trusted to voluntarily disclose all fees.
Caesars Wins Withdrawal Liability Lawsuit Against Pension
Court rules casino operator not obligated to pay $2 million withdrawal fee.
Louisiana Pension Sues Cardinal Health over Cordis Acquisition
Class action suit alleges company misrepresentations led to ‘artificially inflated’ share prices.