Albany Times Union Article June 26, 2015 – Meissner Associates Investigates Arrested Financial Planner Frederick E. Monroe Jr. and Voya Financial Advisors (Formerly ING Bank) for Allegedly Engaging in Ponzi Scheme, Theft of Client Funds and Failing to Supervise

As also reported on June 29, 2015 in the Albany Times Union, quoting Meissner and referring to our previously announced investigation, see published article here.  NEW YORK, June 11, 2015 (GLOBE NEWSWIRE) — Meissner Associates has received several calls and is investigating significant fraud and theft claims involving a long time Guilderland, New York based financial planner Frederick E. Monroe …

SEC Awards 1.4 Million to Compliance Whistleblower

On April 22, 2015, the SEC announced it awarded over 1.4 Million Dollars to a compliance whistleblower, the first of its kind under the Dodd Frank whistleblower law enacted in 2011 by the SEC. Unlike others, Compliance officers, and others whose very job it is to uncover such issues internally, are limited under the law to recovery only under two …

First SEC Whistleblower Award Gives Guidance

On March 2, 2015, as reported in the Wall Street Journal, the SEC issued a new SEC whistleblower award of over $500,000 for an officer of an unknown company who reported securities violations to the SEC. As detailed in the award, Officers of companies (along with compliance employees etc) must be careful in reporting information to the SEC so as …

Bank of America loses arbitration to N.J. couple

UPDATE 1-Bank of America loses arbitration to N.J. couple Wed Apr 28, 2004 07:19 PM ET By Jonathan StempelNEW YORK, April 28 (Reuters) – An arbitration panel ordered Bank of America Corp.’s (BAC.N: Quote, Profile, Research) securities arm to pay a New Jersey couple more than $820,000 because their broker failed to diversify their investments, leading to a big loss, …

UBS Willow Fund Misleads Investors – Liquidating

As per the New York Times on March 31, 2013 – the Willow Fund was a closed end investment fund sold to “so called” accredited investors. The Fund Manager decided on his own to redirect the investments within such, not to distressed debt instruments” which is what the investors understood they were investing by investing in such fund. On the …