Victims of securities fraud in New York might want to know about a recent Supreme Court decision that preserved disgorgement as an equitable remedy for securities fraud while also providing contours for its applications. Disgorgement might allow the victims of...
New Yorkers might be interested to learn that a big law partner at two major law firms in Washington, D.C., has agreed to a three-year suspension of his law license following his conviction for insider trading. The man previously worked as an intellectual property...
With commission based accounts, brokers make a commission or fee every time they trade a stock. Some unethical brokers may engage in an activity known as “churning.” Churning occurs when a broker engages in excessive trading designed to pad their bottom line while...
Insider trading occurs when a person learns of an event that is likely to affect a company’s stock price. The event may either have a positive or a negative impact on the stock's price. The individual must then make a trade based on information that is not available...
The Securities and Exchange Commission (SEC) is accusing a former Florida man of operating a “long-running scheme designed to deceive investors,” a plan that netted tens of millions of dollars from unwitting victims. According to the SEC’s allegations, the Sarasota...
Giving a professional authority over your investments can be a great way to make the most of your money. There is also the chance that your broker will misuse that power. As an investor, you may be noticing some odd things happening. Don’t sit on suspicions that you...
Investors in New York need to be aware of financial statements fraud when they are trying to determine whether to invest in stocks. This is a type of securities fraud that is prevalent within corporate America. There are several signs that a company has manipulated...
The SEC has filed lawsuits against two companies for making misrepresentations about COVID-19 testing kits and scanning equipment. Applied Biosciences Corp. and Turbo Global Partners Inc. were both suspended from stock trading in April due to concerns about false...
Whether you’re a first-time investor or you have been doing it for years, you should always be on the lookout for scams. Before you make any commitments, be sure that you know how to spot and avoid a Ponzi scheme. Here are some red flags to look out for. Low-risk,...
The Financial Industry Regulatory Authority (FINRA) is an organization designed to protect investors by ensuring broker-dealers operate ethically. One of the ways FINRA accomplishes this goal is by using the arbitration process to help settle disputes. Arbitration...
