A liquidation trust for IFS Securities, Inc., a bankrupt broker-dealer based in Atlanta, Ga., has won an arbitration award of $57 million against a former IFS trader, Keith A. Wakefield, an alleged fraudster who held the post of managing director and head of fixed income trading at the firm, officials say. A key aspect of… Read More >>
SEC, U.S. Attorneys Target ‘Financial Con Artist’
SEC officials are alleging that “financial con artist” Nicholas Joseph Genovese is a convicted felon perpetrating a fraud by misrepresenting his money management and securities industry experience as he raises money for his hedge fund Willow Creek Investments LP. Describing Genovese as “a purported hedge fund manager in New York City with a brazen offering,”… Read More >>
