Federal prosecutors have announced charges against a Dallas attorney accused of promoting an illegal tax shelter for his clients, according to Financial Advisor. 79-year-old Joseph Garza was indicted by a grand jury on charges including wire fraud and conspiracy to...
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Month: November 2022
CEO of New York advisory firm pleads guilty to fraud, false statement charges
The chief executive officer of a New York financial advisory firm has pleaded guilty to wire fraud and false statement charges, according to InvestmentNews. The U.S. Attorney’s Office for the Southern District of New York announced the plea by 37-year-old Adam...
SEC awards over $10 million to whistleblower who contributed to enforcement action
The Securities and Exchange Commission has announced the latest award in its whistleblower program that issues payments to those who help the commission identify possible fraud and other violations. In a news release, the SEC said it had awarded over $10 million to a...
CFP Board announces public sanctions against 13 financial planners
The Certified Financial Planner Board of Standards has announced public sanctions against 13 current or former CFP® professionals for violations of the profession’s ethical standards. The CFP Board’s sanctions, in order of increasing severity, included five public...
Former NY Life financial advisor convicted of scheme involving false Medicare claims
A federal jury has convicted a former New York Life financial advisor of taking part in a scheme to defraud Medicare by submitting thousands of false claims, Financial Advisor reports. 52-year-old Furman Alexander Ford, who was based in Raleigh, North Carolina, was...