A Seattle investment advisor, Mark F. Spangler, 60, was sentenced March 13, 2014, to 16 years in prison on 32 counts of fraud and money laundering. Spangler, without his clients' knowledge, invested more than $46 million into two very risky startup companies which he also had ownership interest. Beginning in 1998, Spangler raised more than […]

On May 8th., 2013, FINRA, the Financial Industry Regulatory Authority Inc. fined three financial companies $900,000 in total, for failing to stop money laundering and other suspicious transactions, and officials at the firms were fined a total of $100,000. “Today's actions reinforce FINRA's continued focus on firms' ability to identify and respond to potential misuse […]