On November 9, 2020, the U.S. Supreme Court denied a petition for certiorari (which, in layman’s terms, is simply a formal request to review a lower court’s ruling) in the case of Retirement Plans Committee of IBM v. Jander. At issue were the following: 1. Whether Fifth Third Bancorp v. Dudenhoeffer’s “more […]
As an individual investor, choosing a broker requires careful research. You need to choose a broker who can help you make informed decisions, who will act with your best interests in mind, and who lacks any history of complaints from former clients. The Financial Industry Regulatory Authority’s (FINRA) BrokerCheck tool […]
“Investors should be aware that news reports stating that FINRA has approved a security for trading, quoting or listing are wrong in virtually every respect.” This is an important message that the Financial Industry Regulatory Authority (FINRA) wants all individual investors to know. In addition to inaccurate news headlines, scam […]
As an individual investor, you cannot be too careful when it comes to making decisions about how to invest your hard-earned funds. The risk of losing money to investment scams and other fraudulent practices is a very real concern, and even highly-experienced investors can (and do) lose substantial sums to […]
World Investor Week is an educational effort promoted by the U.S. Securities and Exchange Commission (SEC) and various other securities regulators throughout the United States and around the world. Each year, the SEC promotes a handful of key messages that are, “focus[ed] on long-term investing; understanding key financial concepts such […]
As an investor, you need to make sound decisions based on accurate information that you obtain from reliable sources. Unfortunately, in today’s world, this is easier said than done. Individual investors face a barrage of misinformation, and even seemingly-trustworthy sources can lead investors astray. As securities fraud attorneys who represent […]
Recently, there seems to have been an uptick in U.S. Securities and Exchange Commission (SEC) enforcement actions involving unregistered securities offerings. In October, the SEC publicized two such cases in press releases issued through its website. In one of these cases, the SEC charged an Israeli company with, “offering and […]
The fraudulent initial coin offerings (ICOs) just keep coming. In September 2020, the U.S. Securities and Exchange Commission (SEC) issued two press releases announcing charges in connection with three fraudulent ICOs. Here, Bitcoin and cryptocurrency investment fraud lawyer Jake Zamansky discusses the SEC’s charges and what ICO investors should do […]
Investment fraud scams targeting seniors have long been a concern for aging investors, their loved ones, and regulators such as the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). With everything else going on in 2020, it would be nice to think that senior investors […]
In a recent article titled, Working on the Front Lines of Investor Protection – The Importance of FINRA Rule 8210, the Financial Industry Regulatory Authority (FINRA) discusses the single most-common reason why brokerage firms and individual brokers get barred from the securities industry. As the article begins: “You might think […]