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The Securities and Exchange Commission (SEC), U.S. Department of Justice (DOJ) and other federal agencies are all working to protect unsuspecting individual investors against the growing prevalence of scams involving oil and gas investments. In Texas, the heart of the nation’s oil and gas industry, federal authorities recently targeted three […]
Wolves of Wall Street, beware! The Securities and Exchange Commission is taking steps to improve its oversight of thousands of registered investment advisors, or RIAs, which operate under the SEC’s guidance. The Commission announced last month that it will soon launch exams to test the compliance oversight and controls of firms […]
If you have ever watched a movie about Wall Street, you are likely familiar with the concept of a boiler room: a bunch of salespeople sit in a room full of phones, putting on the hard sell on unsuspecting individuals in order to get them to buy into risky investments. […]
The worst of American corporate ethos was on display last week when the CEOs of two leading companies, Wells Fargo & Co. and Mylan N.V., were called on the carpet by Congress for deeply flawed cultures that put greed and profits over customers and clients. Cross-selling, or selling a different […]
In the wake of natural disasters, many people selflessly volunteer their time and donate money to help those in need. Unfortunately, there are also people who use these tragic events to take advantage of others. Sadly, this is a recurring problem in the United States, and one that has surfaced […]
In our latest post on the Puerto Rico bond saga, we discussed President Obama’s signing of a new law that created a financial oversight board (FOB) responsible for approving the restructuring of the U.S. territory’s $70 billion debt. In that article, entitled Puerto Rico’s New Law is a Rearrangement of […]
In August, the Securities and Exchange Commission (SEC) issued an Investor Bulletin advising individual investors on the various fees associated with different types of mutual funds, as well as some additional considerations for those considering mutual fund investments. Our attorneys summarize this Investor Bulleting below. For more information on some […]
Late last month, President Obama selected an All-Star team of seven experts in finance and law to clean up the fiscal mess in Puerto Rico. The new group, a team of law professors, scholars and businessmen known as the Independent Control Board, has the herculean task of restructuring the Island’s […]
In July, the Securities and Exchange Commission (SEC) issued an Updated Investor Alert warning of investment fraud schemes targeting older individual investors. The Updated Investor Alert identifies five “red flags” that are hallmarks of frauds targeting elderly investors. We summarize these red flags below: The SEC’s Five “Red Flags” for […]
As an individual investor, it is crucial that you are able to trust your broker. Unfortunately, sometimes there is simply nothing you can do to make sure that your investment account is completely secure. Consider, for example, the recent case of one former JPMorgan broker who recently received a five-year […]