SNSFE is investigating the London-based fund CSO Partners after Citigroup has suspended investor withdrawals from it. This $500 million credit hedge fund has lost 10 percent since November and the manager has resigned. Investor redemptions have been suspended so that...

In connection with its continuing investigation of Hinsdale, Illinois-based adviser Robert Loffredi, SNSFE reports that on February 22, the Securities and Exchange Commission issued an Order Instituting Administrative Proceedings against Robert Loffredi. The Order finds that a civil action had...

Former Lancer Group hedge fund manager Michael Lauer and four others who defrauded hedge fund investors of more than $200 million have been indicted on conspiracy and wire fraud charges, the U.S. Justice Department has reported. "Lauer was named in...

Attorneys at SNSFE are investigating a broker who has been barred for 10 years by the New York Stock Exchange. The New York Stock Exchange announced last week that it had banned Luis Miguel Cespedes who worked for A.G. Edwards...

The Financial Services Authority of Britain has banned a stockbroker for life after he abused the trust of some of his clients. The stockbroker sold high-risk stocks to unwitting customers, including two retirees over the age of 80. He's been...

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