Atlanta-based Christopher Burns went missing in September 2020 while being investigated by the SEC for allegedly defrauding dozens of clients, and he remains on the run.
A Mississippi woman claimed Morgan Stanley erred when accepting her removal as a beneficiary to her dementia-stricken, de facto mother's estate—as well as ignoring her challenges as they distributed the deceased woman's funds.
The investigations by state regulators looked into Robinhood's compliance shortfalls and more, spanning years, according to a Texas consent order and the North American Securities Administrators Association.
James Millegan didn’t pay more than $2.5 million in taxes and instead used the money for personal expenses, including a classic Rolls-Royce.
The SEC chair testified before a House Appropriations subcommittee on the commission’s FY24 budget request.
The SEC has been ramping up enforcement against larger participants in the crypto industry.
The Department of Justice also charged Surage Roshan Perera of wire fraud, investment advisor fraud and money laundering, for allegedly defrauding an unnamed investor.
