The security industry involves a number of different forms of investments, such as mutual funds, bonds, stocks and much more. While these types of investments can be quite different, as securities they all involve investments made by entities and individuals with an expectation of yielding profits. Federal laws are in place to protect people and their investments from abuses, but unfortunately securities fraud and other abuses still take place.
Authorities claim that a woman purposely lied to investors about the purposes of her investment fund as well as its performance. Accused of committing securities fraud, she allegedly ran a $100 million scheme that affected many different investors. It can be extremely distressing when a New York investor learns that his or her funds have been purposely misused, but there are options for moving forward and seeking compensation.
Most experienced investors understand that there is no such thing as a no-risk investment. Regardless of how secure an opportunity may seem, no investment has an absoblute guarantee against loss. So how can one prove that a loss was the result of securities fraud rather than a natural outcome of investing? Understanding the initial signs of securities fraud can help.
Investors allege that a New York man defrauded them out of significant amounts of money. This is despite his personal claims of investing success in relatively little time, but investigators say that the man admitted some of the alleged fraud to at least two investors when they tried to get their money back. He was recently charged with wire fraud and securities fraud.
Elon Musk has made national and international headlines for his innovative electric car company, Tesla. While many drivers in New York are familiar with the types of vehicles manufactured by the company, some might be surprised to learn that its founder and CEO is facing criminal charges. Accused of violating a securities fraud agreement, Musk could have to fork out a significant fine.
For some people, criminal charges can come as an unexpected interruption in their lives. Unlike other types of charges that might be self-evident, allegations of securities fraud can be somewhat more confusing. New York defendants who are facing securities fraud charges and want to know more about these types of allegations should take some of the following into account.
Navigating the world of investing can be complicated. For every legitimate investment opportunity, there is a multitude of scams. It is all too easy to misplace your trust and fall victim to investment fraud.
You did your research and thought you found a favorable investment opportunity, but then things go south quickly. In the aftermath, you begin to suspect fraud or misrepresentation. What recourse do you have?
The Financial Industry Regulatory Authority (FINRA) has reported an $18.5 million record security arbitration decision against UBS Financial Services to clients who invested in Puerto Rico closed-end municipal bond funds. The clients were represented by the prominent securities and investor rights attorney Timothy J. Dennin.