Brokers accused of bilking clients out of $20M will be grilled in court this fall

A hearing to determine whether the securities-fraud charges against two former Nebraska City brokers are warranted has been delayed until Oct. 19.
MAR 03, 2010
A hearing to determine whether the securities-fraud charges against two former Nebraska City brokers are warranted has been delayed until Oct. 19. Sarpy County District Judge David Arterburn ordered the delay Monday because a transcript wasn't available in one of the cases. Rebecca Engle and Brian Schuster are accused of defrauding more than 130 investors out of more than $20 million. They were expected to argue today that prosecutors haven't shown they have enough evidence to justify trying them on allegations that they improperly sold risky investments in several interrelated Florida companies. Both Engle and Schuster face eight counts of securities fraud and several lawsuits.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound