Security
There is an ever-present threat to the individual investor from financial crime and investment fraud. Money and investments are often at risk from sophisticated fraudsters, corrupt financial advisers or rogue employees within financial institutions.
Articles
13/12/2004
How to combat bogus investment sites
High pressure emails and fake Internet addresses that try to sell false mutual funds are a constant danger for the active investor, wherever you happen to live.
22/09/2004
Introduction to Security
This part of the site includes news and analysis on potential threats to your money from a variety of sources.
News
30/08/2006
NASD order Citigroup to pay over USD1.1million for brokers improperly obtained mutual fund sales
NASD, the the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services, has fined Citigroup Global Markets Inc. $400,000 for supervisory and record keeping violations in connection with a ploy by more than 100 of its brokers to improperly obtain waivers of mutual fund sales charges by falsely claiming that its customers were disabled.
09/08/2006
US hedge fund manager prosecuted for insider trading
A hedge fund manager has pleaded guilty in a US federal court to five counts of insider trading for having aggressively purchased Citizens Bank common stock and options based on a tip he received from a Citizens employee about the bank's then-impending merger with Cleveland-based Charter One Financial.
03/08/2006
Coastal Banc faces $15 million damages claim after Slaga fraud
A Harris County jury in Texas says Houston-based Coastal Banc SSB should pay $15.7 million for its role in a stock fraud scheme that cost investors millions.
03/08/2006
Full Disclosure Inc: will it help American investors keep tabs on their advisers?
Full Disclosure, a provider of collaborative financial services accountability on the Internet, has released a new service for investors called Fulldisclosureinc.com, which provides them with an Internet platform to collaboratively monitor the services provided by financial advisors and their firms.
