by Brian Mahany Most of our blog posts seek to share general information of broad interest to our readers. From time to time, however, we write posts seeking information on a specific person, company or possible fraud. This is one such post. We are currently investigating Ellwood Jones, a stockbroker previously employed by NFP Advisor […]
Painting the Mouse: Fraud Is All Around Us
by Joe Bird We usually write to tell another tale of economic fraud, most often about lending or mortgage fraud. The amount of money involved and the seemingly endless supply of greed provide a fertile ground for the growth of nearly every species of fraud, so we are always able to find new and interesting […]
Morgan Keegan Gets Zapped in 401(k) Plan Case
Morgan Keegan has been around since 1969. With 300 offices and 3000 employees, it certainly is one of the more established regional brokerage firms. Unfortunately, even well established firms sometimes employ “bad apples.” Morgan Keegan is no exception. Earlier this month, an arbitration panel of the Financial Industry Regulatory Authority (FINRA) ruled against the firm […]
Massachusetts Claims BNY Mellon Guilty of Fraud
by Brian Mahany Leave it to William Francis Galvin, Secretary of the Commonwealth of Massachusetts. I met Galvin in 1995, shortly after his election. At the time I was Maine’s revenue commissioner. Galvin has stayed in government service and is certainly not afraid to take on the Wall Street big dogs. In this case, Bank […]