Department of Financial Institutions - Recent Headlines
Below you will find a list of recent press releases. Click on the title to view the full text of the press release.
To view more headlines or archived press releases, use the pale blue navigation options on the left.
- Officials from Two Kentucky Oil and Gas Companies Arraigned on Charges of Defrauding Investors of $3 Million
Wednesday, December 31, 2008
The Office of the United States Attorney Eastern District of Kentucky announced that six officials from Target Oil and Gas and Kentucky and Indiana Oil and Gas companies were arraigned in U.S. District Court for an indictment accusing the defendants of defrauding their investors of more than $3 million. The Kentucky Department of Financial Institutions assisted in the investigation of this case.
- Elizabethtown Man Charged with Defrauding 17 Individuals Out of Over $700,000
Friday, December 12, 2008
United States Attorney Western District reports that Ernest Cadick was arrested and charged with 17 counts of wire fraud. DFI assisted in the investigation of this case.
- Securities Regulators Reach Settlement With Prosper.com
Wednesday, December 03, 2008
Peer-to-peer lending service agrees to $1 million penalty over unregistered securities. Kentucky securities regulators were among the first to raise concerns.
- Paducah Seniors Get Information at Scam Jam
Thursday, November 20, 2008
More than 100 Paducah-area seniors took advantage of a free seminar on fraud awareness Tuesday at the Senior Scam Jam. Participants learned to recognize common “red flags” of fraud and steps to take to avoid falling victim.
- Investors May Contact Firms About Auction Rate Securities Buybacks
Friday, November 14, 2008
Retail investors whose supposedly “liquid” Auction Rate Securities (ARS) became frozen in the market in the last year have a limited time to get their money back from the firms that sold the securities.
- Seniors Invited to Free Fraud Prevention Event
Wednesday, November 12, 2008
Paducah area seniors are invited to a FREE workshop on Nov. 18 to learn how to protect themselves from investment fraud, home improvement fraud, mail fraud, predatory lending and identity theft. Participants who register by calling 877-926-8300 will receive take-home materials, a free meal and a chance to win door prizes.
- DFI and AARP Partner to Offer “Free Lunch Seminar Monitor” Program
Thursday, November 06, 2008
The Kentucky Department of Financial Institutions (DFI) is working with AARP to recruit “Free Lunch Seminar Monitors.” These volunteers are provided tools and tips to spot the warning signs of a scam, and may assist state regulators in the fight against unscrupulous promoters and questionable investment practices.
- Free Workshops Assist Investors
Friday, October 10, 2008
The state securities regulator presents tips on selecting an adviser Oct. 16 and preventing fraud on Nov. 20 at the Durr Branch of the Kenton County Public Library.
- Financial Institutions Board to Hold Annual Meeting
Tuesday, October 07, 2008
The Board of the Kentucky Department of Financial Institutions (DFI) will meet on Thursday, Oct. 9, 2008, at Forcht Bank in Lexington, Ky, at 1 p.m.
- Russian Delegation Visits DFI
Friday, October 03, 2008
The Kentucky Department of Financial Institutions (DFI) today was honored to discuss the state and national banking system with a delegation of officials from Russia.
- Investors Must Stay Wary During Economic Turmoil
Friday, October 03, 2008
The Department of Financial Institutions (DFI) today cautioned Kentucky investors against making sudden and uninformed decisions amid the turmoil on Wall Street, as scams tend to flourish during uncertain times.
- DFI Helps Teach Children to Save
Thursday, September 25, 2008
The Kentucky Department of Financial Institutions (DFI) was pleased to assist the Louisville Branch office of the Federal Reserve Bank in presenting “Teach Children To Save Day” in Louisville on Wednesday.
- Library Presentation Benefits Investors
Tuesday, September 16, 2008
A free workshop at the Kenton County Public Library on Thursday will share what investors need to know before investing on their own.
- FDIC Official Named Banking Commissioner
Thursday, July 31, 2008
Charles Vice is appointed commissioner of the Kentucky Department of Financial Institutions.
- Jewell Robbins Sentenced to 120 Days in Jail
Wednesday, July 16, 2008
Franklin County judge finds her in contempt of court order
- Broker-Dealer Pleads Guilty to Criminal Intent
Friday, July 11, 2008
Michael Ray Ecton surrenders securities license
|