Ponzi

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  DOL Slams Ivy Asset Management in $210 Million Madoff Settlement

  By Melanie Waddell, AdvisorOne  |  November 13, 2012

  The DOL announced a settlement with Ivy Asset Management, a unit of the Bank of New York Mellon, in which Ivy will pay $210 million to compensate investors who suffered losses in Bernie Madoff’s Ponzi scheme.

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  How Bernie Madoff Is Harming Your IRA

  By John Sullivan, AdvisorOne  |  March 14, 2012

  Madoff, it seems, is having a profound and lasting effect on how large firms handle IRAs, which is to say that more and more are not handling them at all.

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  FINRA Fines Merrill $1 Million Over Ponzi Scheme

  By Janet Levaux, AdvisorOne  |  October 4, 2011

  FINRA said Merrill Lynch failed to supervise a San Antonio advisor, who used a Merrill account to operate a Ponzi scheme.

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  Rep. Garrett to SEC: Wait on 'Net Equity' in Madoff Liquidation

  By Melanie Waddell, AdvisorOne  |  October 3, 2011

  Rep. Scott Garrett, R-N.J., told SEC Chairman Mary Schapiro in a letter on Monday to wait on final action in reconsidering the SEC’s position on 'net equity' in the Bernie Madoff case until after the GAO publishes its report evaluating the actions of the SIPC and its trustee.

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  NASAA Warns on Fake Facebook Friends, Offers Ways to Protect Self

  By Joyce Hanson, AdvisorOne  |  September 8, 2011

  Social networks are a prime breeding ground for con artists looking to defraud investors, warns the NASAA. Here are the red flags to spot them, and tips on protecting against them.