The Ponzi scheme is an investor’s worst nightmare. The thought of discovering that a trusted associate has absconded with your hard-fought income can keep well-meaning investors from making financial decisions with confidence. With federal authorities warning that...
In a lawsuit filed in a New York federal court, the Consumer Financial Protection Bureau (CFPB) accuses an investment firm and its owner of violating the unfair, deceptive, or abusive acts or practices provisions of the Dodd-Frank Wall Street Reform and Consumer...
The Senior Safe Act was passed in 2018 to encourage brokers, advisors and other professionals in the investment industry to report suspected elder financial exploitation. The act grants immunity from legal liability in the event an employee makes a report in good...
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...
