People in New York City, Long Island, and across the nation are intrigued by digital currency. This is unsurprising given the number of prominent people taking part in advertising campaigns for it and known investors who tout it as the wave of the future. Still, as...
Many people put their life savings into investments, hoping to build some wealth to see them through retirement, put their kids through college or just make life a little easier. When these investments turn out to be fraudulent, it can do tremendous damage. This is...
Securities fraud is an umbrella term that includes various financial crimes such as Ponzi schemes, pyramid schemes and other fraudulent activities. One fairly common type of securities fraud is known as a "pump and dump" scheme. This type of fraud can be difficult for...
When an investor finds themselves in a dispute with their broker or investment advisor, they may wonder what their options are. One option is arbitration which may not be as involved as the court process. It is worth considering as an option to help resolve...
The SEC has very stringent rules that require all broker-dealers to adopt and comply with rigid customer identification rules. These rules are intended to limit the probability that a prospective customer for the broker-dealer does in fact have sufficient assets to...
When the crisis surrounding the UBS Puerto Rico closed-fund losses was at its peak in 2015, it was hard to predict how the chips would fall. Now that some of the issues are being settled, the picture is getting more clear, and it may make some people unhappy. Of the...
You have a lot of investment options at your disposal. You might be excited about your prospects when choosing one of these options, but your hopes can quickly be dashed when you’re subjected to securities fraud. The sad truth is that fraud occurs regularly in the...
Usually, the stock exchange is not in the news unless there is some huge swing up or down, but recently, there has been a renewed interest in securities fraud thanks to the boom in so called, “MEME stocks.” And, perhaps, as a result of this new interest from the...
There’s a lot going on in the securities market. Billions of events occur on a daily basis, and hundreds of thousands of brokers make these deals. In that context, you might be thinking its no wonder that fraudulent and otherwise unfair practices occur all the time....
Perpetrating a securities fraud scheme, like a Ponzi scheme or other plot designed to take investors’ money, requires that the fraudster build up trust with investors. After all, investors who do not trust a broker are very unlikely to give their hard-earned money...
