Banking & Finance
SEC cites lax oversight by Purchase wealth manager
"Disproportionate allocations were not random," the SEC stated, "but rather reflected Cobb's knowing or reckless favoritism."
Strategic IRA wealth transfer: maximizing legacy through tax-efficient planning
The landscape of retirement account inheritance has changed, presenting challenges and opportunities for effective wealth transfers. Understanding the distinctions of...
Ex-Webster Bank GC pleads guilty to charges from $7.4M embezzlement
James Blose NEW HAVEN – The former general counsel and corporate secretary of Webster Bank pleaded guilty Friday, Dec. 20 to...
Westporter gets 4 years for stealing $4.46M from his cryptocurrency firm
Dylan Meissner HARTFORD – A former Westport executive of a New York cryptocurrency firm was sentenced to four years Tuesday for...
Rockland housing developers sued for $68.4M
"Upon information and belief," the complaint states, Kensington Village Apts LLC "diverted money to unauthorized bank accounts."
Eye on small business: FoundHer, Westport
Westport moms-turned-entrepreneurs Runa Knapp and Jasmine Silver are the co-founders of FoundHer, a recruiting company focused on helping women return to...
SEC hits Morgan Stanley with $15 million penalty
The firm understood the risks and had even implemented fraud detection software in 2015, but the software was not designed to...
FINRA sanctions Gabelli affiliate in Rye
The firm's conduct violated a SEC rule that requires broker-dealers to disseminate reports "for the protection of investors."
Fieldpoint Private Bank plans to move HQ to new Greenwich location
Field Point Private Bank is currently located at One Greenwich Plaza in Greenwich. Photo courtesy of One Greenwich Plaza GREENWICH –...
Founder of White Plains investment firm sues former partners
An outside valuation service reduced the value of his shares by millions of dollars in an appraisal that was "clearly divorced...
It’s official: Savings Bank of Danbury now Ives Bank
The Savings Bank of Danbury is now Ives Bank. Photo courtesy of Ives Bank DANBURY – The rebranding of Savings Bank...
Unlocking Growth: How smart financing solutions fuel expansion in capital-intensive industries
In capital-intensive industries, growth often hinges on the ability to secure financing. Industries like manufacturing, energy, transportation, and construction require substantial...
Tarrytown investment adviser wants dispute record erased
Publication of the complaint on BrokerCheck implies professional misconduct, the petition states, and misleads the public, employers and regulators.
Greenwich investment group operator facing 23 counts of fraud
The federal courthouse in Hartford where Greenwich investment management firm owner Justin Murphy was charged with 23 counts of fraud. HARTFORD...
Imprisoned Rockland fraudster facing $31.6M court judgment
Connecticut couple's $14.1 million dwindled to $51,313.
