Category Archives : Broker-Dealers


Ponzi Scheme Calculator: When will it Collapse?

[CP_CALCULATED_FIELDS id=”6″]   A ponzi schemer would follow these rules in order to keep the scheme going for as long as possible: Encourage “reinvestment” of income. The less income the schemer pays out, the longer the scheme will last. Moderate the amount stolen each year. If he steals a smaller amount each year, the scheme more »


Should AML Departments be renamed Anti-Predicate Crime?

DSA analyzed the SAR-SF filing data reported by FinCEN to determine whether firms more often report suspicious money laundering activity or suspected predicate crimes. Every Anti-Money Laundering (AML) intro course teaches that money laundering is composed of three steps: Introduction, Layering and Integration. However, first must come a crime that generates illicit proceeds. Predicate crimes more »


Analysis of 2013 FINRA Dispute Resolution Statistics

DSA analyzed how cases were closed through the FINRA dispute resolution process in 2013. Customer Cases FINRA reported that in 2013 there were 499 Customer Complaint cases decided by Arbitration (paper & hearing) and in 212 of these cases, the customer was awarded damages. Based on the statistics provided by FINRA, DSA determined: 2,772 Customer more »


DSA’s Analytics cited in Herald Tribune Article

DSA’s analysis of Florida Ponzi schemes in the post-Madoff era was cited in the Sarasota Herald Tribune front page story “Florida’s Wealth a Magnet for Ponzi Schemes” by John Hielscher. Hielscher cited DSA’s ranking of Florida ponzi schemes and sentencing comparisons. DSA president, Alison Jimenez, was quoted on why Florida ranked so high in the more »


Interactive Ponzi Scheme Analytics

DSA prepared interactive analytics of over 500 Ponzi schemes in the post-Madoff era. The schemes can be filtered and analyzed by year, state, dollar value and months sentenced per million $. DSA partnered with Jordan Maglich of PonziTracker.com on this project.     Learn About Tableau


Business Journal Features DSA’s Ponzi Analytics

The Tampa Bay and Jacksonville Business Journals featured DSA’s analytics of Florida Ponzi Schemes. Jane Meinhart quoted DSA president, Alison Jimenez, in the “Ponzi schemers at Home in Florida” article. DSA partnered with Jordan Maglich of Wiand Guerra King to prepare the analysis. The analysis shows Florida ranks third in the county in the total value more »


Disciplinary History in Focus: Exempt Reporting Advisers

The Dodd-Frank Wall Street Reform and Consumer Protection Act mandated that advisers to venture capital funds and/or to small private fund (less than $150 million assets under management) report certain items to the SEC. Dynamic Securities Analytics, Inc. analyzed the disciplinary disclosure items reported by Exempt Reporting Advisers (“ERA”). Key Findings: 3% of ERAs report regulatory, criminal or civil disciplinary more »


The Cost of Not Conducting an Independent AML Audit

If you are an AMLCO or CCO who must justify the cost of your firm’s annual independent AML audit, the PDF  Download FINRA 2010 AML Audit fines should help you.  The cost of not conducting an independent anti-money laundering audit is steep. The PDF contains excerpts compiled from 2010  FINRA Monthly Disciplinary Reports.  Fines were imposed for either more »


The Collision of Collapses

The media talks of the housing market collapse, the tightening credit market and the stock market collapse.  At DSA, we’ve found investors that simultaneously got caught by falling home & securities prices and a tightening credit market. Here are two examples:   1)      During the days of easy credit, a man took out a line of credit more »