Be wary of advisors promising guaranteed returns or using strategies they can't explain. Red flags include pressure to invest quickly, secrecy demands, unlicensed status, or unsolicited cold calls.

A previously suspended investment broker has admitted to defrauding investors of hundreds of thousands of dollars in a social media scam. Kenneth Thom, 42, of Westfield, pleaded guilty to investment ...

Kenneth Thom admitted to defrauding social media followers of more than $800,000 and faces up to five years in prison.

Misappropriated over $1 million from two clients for personal expenses. Used client funds to buy luxury items, a Mercedes SUV, and pay golf club dues. A Southampton investment advisor was sentenced ...

The Northern Trust Company filed a lawsuit Aug. 22 accusing a former employee of breaching his fiduciary duty, stealing from a client, and skirting its security protocols to avoid detection. The ...

A Utah woman has agreed to hand over nearly $4 million to the Securities and Exchange Commission that the agency says came into her possession from a fraud carried out by her deceased investment ...

The Department of Justice is charging a Wisconsin financial advisor with running a Ponzi scheme that allegedly bilked investors out of millions of dollars over a six-year period. Stanley Pophal, 63, ...

A former NFL player and his wife have accused their longtime advisor of defrauding them, leading to a high-stakes legal fight in North Carolina. Mike Rucker, who played defensive line for the Carolina ...