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Last year, we reported on a case in which the Securities and Exchange Commission (SEC) was pursuing charges against a Chicago investment advisor, Daniel H. Glick, for allegedly defrauding senior investors out of millions of dollars and using their savings to fund his own lavish lifestyle. Federal prosecutors pursued criminal […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Along with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) is one of the primary authorities with oversight of brokers and brokerage firms serving individual investors. FINRA’s role is to protect individual investors, and it does this through means ranging from establishing formal rules for brokers […]
As an investment fraud law firm, we often post articles discussing real-life examples of fraud and the steps investors can take to recover fraudulent losses. But, in a perfect world, these would not be issues at all. We know the devastation that comes with losing everything, and we strongly encourage […]