Allianz Global Investors U.S. LLC (AGI) was sentenced by a federal judge recently in connection with a charge of securities fraud, according to Wealth Management. The U.S. Attorney’s Office for the Southern District of New York alleged that AGI, a subsidiary of...
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Investment Loss
Report finds sharp increase in investment fraud cases in 2022
A new study examines the rise in investment fraud cases and the methods being used to deceive victims, InvestmentNews reports. The Federal Trade Commission released data showing that investment schemes cost Americans $3.82 billion in 2022, a sharp increase of 128%...
SEC public service campaign provides financial information for older investors
A new public service campaign launched by the Securities and Exchange Commission is aimed at providing older investors with important information about their finances. The SEC’s Office of Investor Education and Advocacy (OIEA) unveiled the campaign that includes a TV...
House committee approves bill helping to protect seniors from financial fraud
Senior citizens would receive additional protection against financial fraud under a bill passed by a House committee last week, reports Financial Advisor. The measure, called the Senior Security Act, was approved unanimously by the House Financial Services Committee....
SEC charges Betterment with misstatements on tax loss harvesting service
The Securities and Exchange Commission announced charges against investment advisory firm Betterment LLC over violations related to its automated tax loss harvesting service (TLH), Advisor Hub reports. Under a settlement reached with the commission, Betterment agreed...
