Financial fraud includes activities like embezzlement, insider trading, and accounting fraud, inflicts substantial harm on society. It distorts the transparency and efficiency of financial markets, leading investors and regulators to make decisions based on false information, which can destabilize entire economic systems. The direct victims of financial fraud—ranging from individual investors to large corporations—can face devastating financial losses, potentially wiping out life savings or crippling business operations.
Financial Industry Regulatory Authority • AWC No. 2020067553301 How to Hide a Crime in 90,000 Transactions: The Northern Trust Method EvilCorporations.com • FINRA Enforcement Case / Chicago, IL • 7 min read TL;DR Northern Trust Securities, Inc. ran a broken,…
Regulatory Enforcement • FINRA AWC No. 2018060034002 Why Did Tigress Financial Let 2,398 Investors Trade Blind? EvilCorporations.com • FINRA AWC No. 2018060034002 • 12 min read TL;DR Tigress Financial Partners, a New York brokerage firm, ran a compliance operation so…
Financial Misconduct • FINRA Enforcement • AWC No. 2022076764101 How FTP Securities Bought Its Way Out of a Scandal for Just $35,000 EvilCorporations.com • FINRA AWC No. 2022076764101 • 7 min read TL;DR FTP Securities LLC, a fintech-focused Wall Street…
FINRA AWC No. 2022073302002 • Houston, Texas How USCA Securities Gambled With Market Stability and Walked Away With a Slap on the Wrist Securities Fraud Net Capital Violations FINRA Enforcement Falsified Records Houston TX EvilCorporations.com • FINRA AWC No. 2022073302002…
Financial Misconduct Investigation How Did Hefren-Tillotson Justify $557K in Useless Junk Fees? EvilCorporations.com • FINRA AWC No. 2022075391301 • 16 min read TL;DR From June 30, 2020 through September 29, 2022, Pittsburgh-based wealth management firm Hefren-Tillotson had its registered representatives…
Corporate Negligence Case Study: United First Partners & Its Impact on Market Integrity TL;DR: From 2019 to 2022, financial firm United First Partners (UFP) operated with a stunning disregard for fundamental market rules. The firm allowed its research analysts and…
FINRA Enforcement Action • AWC No. 2023077024501 The Open Door for Dirty Money EvilCorporations.com • FINRA AWC No. 2023077024501, Accepted March 11, 2025 • 13 min read TL;DR Sanctuary Securities, a broker-dealer based in Indianapolis with 80 branch offices and…
Corporate Greed Case Study: Network 1 Financial Securities & Its Systemic Failures TL;DR: According to a legal settlement with financial regulators, Network 1 Financial Securities Inc., a firm with a history of compliance failures, implemented a dangerously deficient anti-money laundering…
FINRA Enforcement • AWC No. 2021069376701 How Thurston Springer Turned Investor Protection Into a Paper-Thin Charade EvilCorporations.com • FINRA AWC No. 2021069376701 • CRD No. 8478 • 15 min read TL;DR Thurston Springer Financial, a full-service broker-dealer based in Indianapolis…
SEC Enforcement EvilCorporations.com • Case No. 2:22-CV-00693 JFW (SKx) • 5 min read Is a $55 Million Fine Justice, or Just the Cost of Doing Business for Safeguard Metals? A federal court just handed down a final judgment against a…