DOJ secures over $1 million in settlement with Cambridge advisory, brokerage firms over significant supervisory lapses
Department of Justice | Department of Justice Careers | Investor Protection | Newsroom | Date Posted: Friday, October 16, 2026
Attorney General Kathy Jennings secured a settlement worth more than $1 million with Cambridge Investment Research Inc. and Cambridge Investment Research Advisors, Inc., ending an investigation into Cambridge’s management of, and communications about, Cambridge’s termination of a formerly affiliated financial professional – the “former adviser” – and the subsequent transition of his clients to another […]
Delaware DOJ obtains nearly $1 million penalty from Kovack investment advisory firm
Department of Justice | Department of Justice Press Releases | Fraud | Investor Protection | Date Posted: Tuesday, December 2, 2025
Order requires firm to remove replacement letters from employee files Attorney General Kathy Jennings’s Investor Protection Unit secured a penalty of $995,180 from an investment adviser firm for violations of the Delaware Securities Act, including filing incomplete and inaccurate registration materials, failing to supervise employees, and failing to maintain records and documents that should have […]
AG Jennings joins $17 million settlement with Edward Jones
Department of Justice | Department of Justice Press Releases | Investor Protection | Newsroom | Date Posted: Wednesday, January 15, 2025
The Investor Protection Unit of the Delaware Department of Justice has joined a $17 million settlement with Edward D. Jones & Co., L.P. (“Edward Jones”) resulting from a multistate investigation into the broker-dealer’s supervisory failures. Customers paid front-loaded commissions for certain mutual fund shares despite later moving brokerage assets into fee-based investment advisory accounts. “We expect investment firms operating in Delaware to follow […]
Investor Protection Unit Puts Pig Butchers On Ice, Again
Department of Justice | Department of Justice Press Releases | Investor Protection | Newsroom | Date Posted: Monday, September 18, 2023
The Investor Protection Unit of the Delaware Department of Justice has issued a Summary Order to Cease and Desist against respondents linked to a cryptocurrency scam known as the “pig butchering scam.” A twist on the typical romance scam, the pig butchering scam is a long-term fraud in which victims are groomed over time to make investments […]
Woman Who Started Blaze That Killed Firefighters Sentenced to 30 Years In Prison
Criminal Division | Department of Justice | Department of Justice Press Releases | Investor Protection | Newsroom | Date Posted: Friday, December 13, 2019
Guilty plea to murder in Dover killing; Change in state’s securities act leads to guilty plea to theft and identity theft Beatriz Fana-Ruiz, the woman who set fire to the home where she lived leading to the deaths of 3 Wilmington firefighters has been sentenced to 30 years in prison. Deputy Attorneys General Barzilai Axelrod […]
