The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "National Association of Security Dealers" ...
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Steroid Dealers Use Ruse to Sell Wares on eBay
This investigation revealed that those interested in purchasing steroids could obtain them from eBay. Drugs were listed under the guise of books, pamphlets or pictures about steroids and therefore got past eBay site security. This was of special concern because of the availability to teenagers. This story resulted in eBay cracking down on steroid peddlers and them referring some cases to the law enforcement.
Tags: ebay; internet; auction; steroids; illegal drugs; pharmacy; the National Association of Boards of Pharmacy; NABP; web site; Drug Enforcement Administration; anabolics; postal service
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High-Tech Shell Game: Stock Fraud on a Global Scale
This investigative story by the St. Louis Post-Dispatch looks at the power of the "boiler room" brokers who sell "stock in obsure U.S. companies" to foreign investors at a markup price. These companies, which sometimes operate with just a phone number and a Web site, eventually pack up and leave the investors holding on to useless and unattractive stock. According to the questionnaire, the investigation "explained how scarce resources, juisdictional questions and other obstacles have prevented American and foreign regulators and law-enforcement officials from shutting down the rings, or even putting a serious dent in their business."
Tags: boiler rooms; Securities and Exchange Commission; National Association of Securities Dealers
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Money Players
This story deals with NFL players paying a hefty price for allowing people to manage their money. U.S. News examined more than 20 investment deals involving current and former NFL players and found many victims. In exclusive interviews with the magazine, the players described how they were allegedly defrauded. An example includes Buffalo Bills cornerback Antoine Winfield, who was bilked of $1.35 million by a close friend and financial adviser. Other examples illuminate the sometimes tawdry world of player recruitment.
Tags: investment adviser; Tampa Bay Buccaneers; NFL players; Securities and Exchange Commission; investment deals; defraud; Buffalo Bills; Donald Lukens; player recruitment; FBI; money laundering; National Football League Players Association; Cincinnati Bengals; Los Angeles Rams; Carolina Panthers; St. Louis Rams; Baltimore Ravens; San Diego Chargers; Global Sports and Entertainment; Denver Broncos; National Association of Securities Dealers
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How Much do Brokers Have to Hide? Chances are, your money isn't in banks --it's in brokerage accounts. And the people you're counting on to watch over it may not have your best interests at heart.
The article explains the inner workings of the stock market in such a way that also exposes a horrific amount of shady and fraudulent deals being carried out.
Tags: securities industry; SEC; National Association of Securities Dealers (NASD); fraud; Central Registration Depository
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Sue Your Broker
Money examines the reasons behind the trend of increasing number of lawsuits against brokers and financial advisers. The story relates the trend to statistics showing that since March 2000 investors have lost $4 trillion in paper wealth. "In one corner are brokers who gave clients poor advice and made money at their expense; in another are investors who came down with their own get-rich madness," the magazine reports. The report profiles both naive investors and greedy brokers. It concludes that this is not "a black-and-white situation of victims and victimizers," but a tale of broken communication between investors and advisers.
Tags: Public Investors Arbitration Bar Association; National Association of Security Dealers; commissions; Wall Street; SEC; class-action suits; Internet; dot-coms; PaineWebber
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Scandal on Wall Street
"In a six-month investigation, Business Week found major improprieties at the American Stock Exchange. In contrast to its serene public image as a technologically savvy, scandal-free market for trading of stocks and options, Business Week found a veritable snake pit of improper trading and investor ripoffs."
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No title (id: 13332)
Worth reports on the return of insider trading on Wall Street. The Securities and Exchange Commission acknowledges that it doesn't have the resources for keeping up with the crooks. Meanwhile, Congress has also stripped investors of significant means of filing grievances and recovering losses, and is considering legislation that looks even more omnious. (April 1996)
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No title (id: 13061)
Many nonprofits look and act like normal companies-running businesses, making money. U.S. News & World Report looks at why they are not paying Uncle Sam. Included is a list of executive salaries paid and a graph showing the dramatic growth in revenues and assets of non-profits in the last 15 years. Organizations investigated include National Geographics Explorers Hall, the PGA Tour, Alta Bates Medical Center, the Humane Society, the Academy of Motion Picture Arts and Sciences, the National Association of Securities Dealers, and Underwriters Laboratories. (Oct. 2, 1995)
Tags: Pound Cohen Loeb CAR Tax Exempt Income Tax IRS 990 Charities 10 pgs.
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Patrolling the Futures
The National Law Journal reports that "Regulators say Chicago's two big exchanges are slow to self-police. They say the feds are missing it.... Those (Chicago Mercantile Exchange and CBOT) compliance procedures are the focus of heightened scrutiny as scandals roil the financial markets... Critics have called for increased public accountability and more federal regulation. The result has been an ongoing melodrama between the government and the world's two largest futures exchanges...."
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No title (id: 10601)
The St. Louis Business Journal investigated the financing and development of a golf resort in the Missouri Ozarks. The project found that the resort's St. Louis developer had a prior history of using investor's money for shaky real estate deals which ended in bankruptcy; there were also allegations of real estate and securities fraud and gross mismanagement, Sept. 26, 1994.