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Scammers will go to great lengths to steal people’s money, including, the Financial Industry Regulatory Authority warns, impersonating regulators. The self-regulatory organization pointed to a recent scam, in which con artists impersonated FINRA and sent a letter to investors indicating that the regulator provided guarantees related to an investment opportunity. ...
Folsom, Calif., Broker Pleads Guilty to Money Laundering
A former broker from Folsom, Calif., has pleaded guilty in a federal court to wire fraud and money laundering, according to the U.S. attorney. Jason Mininger, 50, told his clients that he needed their previously invested funds for a new investment that he would manage. Instead, he took the funds for his own personal use, resulting in at least $870,000 in losses to his clients. ...
Historically, the Year of the Dog Is Good for Stocks
The Chinese New Year began Friday, and that could be good for stocks. This is the Year of the Dog and when LPL Financial researchers looked at the 12-month returns for the S&P 500 over the Chinese calendar, they found equities during years associated with a canine did better than any other animal. ... |
