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...
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...
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...
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...
Traders in New York and throughout the country can make significant profits trading cryptocurrencies such as Bitcoin or Ether. However, traders or investors must understand how these currencies differ from traditional currencies such as a dollar. In most cases, the...
Trusting your money to an investment broker always involves some degree of risk. However, if you lose a substantial portion of your finances in a relatively low-risk investment, it may be worth investigating potential instances of misrepresentation and omission....
Federal authorities say that an out-of-state pastor and investment adviser worked together to defraud investors for millions of dollars. Many of the victims of this investment fraud were elderly, an age group that is vulnerable to these types of scams. Since...
