Illinois
Get the latest news and insights on financial regulations, enforcement actions and litigation in Illinois.
Fake Financial Advisor Gets 4.5 Years in Prison for Fraud
By Jeff BermanThe defendant used some of the $3 million scammed from clients for gambling and to make Ponzi payments.
November 05, 2021
Ex-CEO Sentenced to 13 Years in Prison for Defrauding InvestorsDavid P. Godwin, who formerly led the telecom firm ContinuityX, also much pay restitution of $9.3 million.
August 13, 2021
Ex-Merrill Broker Gets 3.5 Years in Prison for Defrauding ClientsOne of the swindled clients had received a $5 million settlement for being wrongly convicted of kidnapping and murder.
February 04, 2021
GPB Capital CEO, 2 Others Arrested in Scheme That Bilked 17,000 InvestorsThe SEC and seven state securities agencies also filed regulatory actions tied to the $1.7 billion scheme.
February 04, 2021
Creative Planning Strikes Its Biggest Deal to DateThe RIA has acquired the retirement division of Iron Financial, which has $6 billion in assets.
December 22, 2020
SEC Adopts New Ad Rule, Allows Client TestimonialsForm ADV was also amended to require advisors to provide more information on their marketing practices.
December 04, 2020
Illinois Insurance Director to Leave Post: Personnel MovesPrincipal, Anthem, Oscar, FamilyWealth and GoHealth also have personnel moves announcements.