Ponzi scheme renews calls for national securities regulator
Whether the Ontario Securities Commission was obligated to alert dozens of investors of an investigation into what has since been declared a Ponzi scheme is prompting renewed calls for a national securities regulator and stronger penalties for white collar crimes.
Missouri regulators issued a cease and desist order against a Lee's Summit businessman they said operated a $3.5 million Ponzi scheme, preying on mostly Kansas City area investors.