Archive for the ‘ Financial Industry Regulatory Authority ’ Category

InlandPolitics: Outside management for casino?

Slot Machines

Friday, August 23, 2013 – 09:00 a.m.

Could outside management be in the cards for San Manuel Indian Bingo and Casino?

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InlandPolitics: Redlands investment advisor barred from industry


Thursday, July 25, 2013 – 04:00 p.m.

Redlands-based investment advisory firm Thornes and Associates, and its principle John Thornes, have been barred from the financial services industry.

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InlandPolitics: Law enforcement executes search warrant in fraud case


Thursday, July 18, 2013 – 02:40 p.m

Law enforcement officers, likely federal agents, appear to have executed a search warrant Midday Thursday at the home of Christopher Burnell.

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InlandPolitics: San Bernardino businessman latest victim in alleged fraud

spider web

Saturday, July 6, 2013 – 12:00 p.m.

A prominent San Bernardino businessman is the latest victim apparently duped by a Former San Bernardino County Sheriff’s Deputy and a Redlands-based investment advisor.

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InlandPolitics: This and That!


Saturday, June 22, 2013 – 01:00 p.m.

Here’s some news of interest flowing across the transom this past week.

High volatility affecting investment markets

A roller coaster stock and bond market has investors a little jittery these days. The main reason is a fear the Federal Reserve will stop printing money soon. Over the past few years, the Fed has used its printing press to keep long-term interest rates low, and thus prop-up stock and real estate values. Now the time to test whether or not the economy will move along on its own is approaching.

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InlandPolitics: Local fraud case has interesting twists


Wednesday, June 5, 2013 – 11:00 a.m.

Last week’s news of disciplinary charges filed against a Redlands-based investment advisor over the misappropriation of some $4.2 million of client funds seems to have some interesting twists and turns.

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The Sun: Redlands broker steals $4.2 million, says regulatory agency


He sues two men to reclaim money
By Greg Cappis, Staff Writer
Posted: 05/30/2013 05:35:52 PM PDT

REDLANDS — Millions of dollars were zapped from two accounts managed by a downtown brokerage firm — Thornes and Associates Inc. Investment Securities, 412 E. State St., according to a regulatory agency.

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May 29, 2013; 06:24 PM

The federal agency that regulates investment counselors and brokerage houses has filed a complaint alleging that a Redlands businessman handed over clients’ assets to two friends, including money he was investing for an elderly woman with Alzheimer’s disease.

To read story by Jack Katzanek in The Press Enterprise, click here.