The SEC says a fake adviser promised 20 percent a month and took $940,000 from 16 clients, several elderly
The U.S. Securities and Exchange Commission filed a fraud complaint on September 3 against Omar Dario Chavez, a Southern California resident accused of running a fake trading operation that took more than $940,000 from at least 16 clients, several of them elderly. The complaint, filed in the Central District of California, alleges Chavez promised clients […]
Read MoreThe SEC says a fake adviser promised 20 percent a month and took $940,000 from 16 clients, several elderly
The U.S. Securities and Exchange Commission filed a fraud complaint on September 3 against Omar Dario Chavez, a Southern California resident accused of running a fake trading operation that took more than $940,000 from at least 16 clients, several of them elderly. The complaint, filed in the Central District of California, alleges Chavez promised clients […]
Read MorePersonal Finance
Insurance & Protection
The September 30 flood insurance cliff is gone, and the warnings still circulating online are three weeks out of date
President Trump signed H.R. 6500, the Continuing Appropriations and Extensions Act of 2027, on September 2, replacing the National Flood…
Personal Finance
Insurance & Protection
The September 30 flood insurance cliff is gone, and the warnings still circulating online are three weeks out of date
President Trump signed H.R. 6500, the Continuing Appropriations and Extensions Act of 2027, on September 2, replacing the National Flood…
Markets & Investing
Banking & Credit Cards
Fraud & Scams
The SEC says a fake adviser promised 20 percent a month and took $940,000 from 16 clients, several elderly
The U.S. Securities and Exchange Commission filed a fraud complaint on September 3 against Omar Dario Chavez, a Southern California resident accused of running a...
Fraud & Scams
A payment processor is banned for life and will pay $12 million after handling money for shell merchants
The Federal Trade Commission filed a proposed order on September 8, 2026, in the U.S. District Court for the Eastern District of Michigan that would...
Fraud & Scams
Medicare cut off 11 equipment suppliers over $3.4 billion in suspect billing, including claims filed after patients died
A New Jersey durable medical equipment company billed a Medicare Advantage plan 38 separate times for a beneficiary who was already dead, listing dates of...
Loans & Lending
SAVE borrowers who pick nothing get moved to the standard plan with a payment due in October or November
Federal student loan servicers began mailing 90-day notices on July 1, 2026, to more than seven million borrowers still enrolled in the SAVE repayment plan,...
Fraud & Scams
Regulators charged 38 firms with faking U.S. investment-adviser registrations to look legitimate to savers
Thirty-eight firms told the Securities and Exchange Commission they were legitimate, U.S.-registered investment advisers serving American savers, and on August 27 the agency filed civil...
Fraud & Scams
Comcast stops taking claims on its $117.5 million data breach settlement September 14
A federal judge in the Eastern District of Pennsylvania granted final approval to a $117.5 million settlement over Comcast’s October 2023 data breach on August...
Real Estate
Mortgages & Rates
A non-borrowing spouse can keep the home after a reverse-mortgage borrower dies
A reverse mortgage loan normally comes due the moment the last borrower on it dies, which can force a sale…
Retirement & Taxes
Health savings accounts and reimbursement arrangements are exempt from Medicare’s creditable coverage notices
Federal rules limiting when and how a licensed agent may talk to a Medicare shopper have been erased
A drug program for newly eligible low-income enrollees no longer has to staff a call center 12 hours a day
Medicare will let accountable care groups monitor patients with smartwatches and wearables starting January 1
Medicare says it is running artificial intelligence against claims to stop improper payments before they go out
A new Medicare model called ACCESS pairs enrollees with technology-supported care meant to lower total costs
