The bank will pay $290 million over allegations that it didn’t do enough to stop disgraced financier.
Archives for 2023
Top 12 Tax Scams to Avoid Even After Tax Season
You may think there is nothing to fret about now that the tax season is over. Newsflash: Fraudsters are always plotting ways to trap taxpayers in tax scams. While it is true that their lucrative schemes are at their peak during filing season, that doesn’t mean they are sitting idle the rest of the year. […]
Summer Reading List Of “Best Books” For Financial Advisors – 2023 Edition
While 2023 got off to a bumpy start for many advisory firms, still smarting from a rough prior year of market returns (and volatile revenue), a relative return to ‘normalcy’ means that for most, the advisory business has reached whatever its new post-pandemic normal will be. Firms that were returning to the office have done […]
FSCS declares 4 firms in default
The Financial Services Compensation Scheme (FSCS) has today declared that four advice firms based in Manchester, London, Honiton in Devon and Rayleigh in Essex are in default. The declaration opens the door to clients claiming compensation. All four went into default in April and May this year. {loadposition hidden2} Declaration by FSCS from 1 April […]
Ex-JPMorgan private banker fighting FBI embezzlement charges
$1.7B team departs Avidian, forms independent RIA
Weekend Reading For Financial Planners (June 10-11)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the House has passed legislation that would expand the definition of who qualifies as an accredited investor eligible to invest in certain private investments to include those who pass an exam designed by the SEC, […]
Editor’s Comment: Time for some big boots
I suspect that eyes were rolling this week at the Department for Work and Pensions when Pensions Minister Laura Trott announced that Pensions Dashboards, originally due to begin in a test form this year, were being pushed back to 2026. I know many experts in the Financial Planning profession were shrugging their shoulders too. The […]
£70m Ponzi scheme crook on the run
City of London Police have launched an international manhunt for a “career criminal” who ran a Ponzi-style investment scheme which cheated £70m from victims. Anthony Constantinou, 41, of no fixed address, was jailed today at Southwark Crown Court for 14 years for fraud involving his City of London business. He was described as a “career criminal.” […]
