Recent Blackstone Deal Confirms That The Market Is Rigged

A recent, questionable deal by the Wall Street behemoth, Blackstone has shaken investor confidence in the markets.  For months now, the Wall Street Journal has been reporting on a shady deal between Blackstone and Hovnanian Enterprises. One of the largest asset managers in the world, Blackstone offered Hovnanian a low-cost loan and “persuaded the builder …

Is The Used Car Market More Transparent Than The Bond Market?

When a customer shops at a used car lot to purchase a previously owned vehicle, she can usually check the dealer markup by comparing the offering price to the book value in the Kelley Blue Book, a well-respected pricing guide. That way, the consumer can tell if she is about to get ripped off and …

Banks That Sold Puerto Rico Bonds Are Facing Their Own Robert Mueller

Five years after the Puerto Rico bond market collapsed, ruining the retirement and life savings of thousands of retail investors, investigators are likely to place much of the blame on the big banks who underwrote  and sold the bonds to Mom and Pop clients. According to recent news reports, an independent investigator has been hired by …

Ex-Broker Facing Federal Charges for $5.7 Million Pension Plan Fraud

On April 12, 2018, a federal grand jury in Tennessee indicted John Sherman Jumper, a former securities broker, on charges relating to an alleged $5.7 million fraud scam targeting the pension funds of a brick manufacturing company located in Pennsylvania. The indictment came following an investigation conducted by the Federal Bureau of Investigation (FBI) with …

7 Warning Signs Your 401k Retirement Assets May be Exposed to Fraud

If you are like most people, you rarely give much thought to your 401k. You know it is there, and you know you contribute to it with every paycheck, but you do not watch it closely, and you certainly do not monitor it for signs of fraud. Unfortunately, financial fraud targeting 401k retirement plans is …

SEC Selects Cryptocurrency Division Chair

Investors in cryptocurrencies face challenges as the market for virtual coins isn’t as carefully regulated as the market for trading in many other types of assets. Working with a cryptocurrency lawyer is advisable to ensure that your rights are protected and that you make sure your investment dollars are as safe as possible when buying …

Cryptocurrency Theft: A Look at the Risks Associated With Investing

Investing in cryptocurrency comes with many risks, even beyond the risks inherent in investing in a volatile asset. A Bitcoin attorney can provide help to clients in understanding and mitigating those risks in order to maximize the chances that investing in cryptocurrency can produce a positive return on investment. One of the big risks of …

SEC Warns of Ponzi Schemes Targeting Senior Investors

On April 9, the Securities and Exchange Commission (SEC) issued an Investor Alert highlighting the risks of Ponzi schemes targeting senior investors. As explained by the SEC, “In a Ponzi scheme, fraudsters use money they collect from new investors to pay existing investors. What appears to be a return on your investment is actually money …

SEC Joins FINRA in Warning Investors of Impersonation Scams

While the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) routinely issue alerts warning investors of new trends in investment fraud scams, it is not often that they highlight the same risks at the same time. But, in recent months, FINRA and the SEC have both issued alerts calling attention to …