The Black Friday stock rout that resulted in a 900 point drop in the Dow Jones Industrial Average has exposed investors on margin. Investors with large margin balances likely received “margin calls” as their stocks plummeted quickly and steeply. While margin borrowing in a rising market tends to increase returns, […]
The U.S. Securities and Exchange Commission (SEC) has accused GPB Capital and multiple individuals affiliated with the firm of operating a $1.7 billion Ponzi scheme that victimized approximately 17,000 investors. Our firm has launched an investigation as well, and we are currently accepting cases against GPB Capital to be filed […]
What Do Investors Need to Know about the Anti-Bribery Provisions of the FCPA? The Foreign Corrupt Practices Act (FCPA) is a federal law that is designed to prevent companies and their personnel from engaging in corrupt practices when doing business with foreign companies and government entities. Key among the FCPA’s […]
As an investor, you need to make informed decisions. This applies to the decisions you make about the securities you buy and your decisions about hiring an investment broker. Unfortunately, broker fraud is a very real concern, and each year numerous investors are forced to take legal action to recoup […]
On October 5, 2021, the U.S. Securities and Exchange Commission (SEC) charged CanaFarma Hemp Products Corp. (“CanaFarma”) and its co-founders with fraudulently raising approximately $15 million from investors. The SEC also alleges that the company and its co-founders “misappropriate[ed] a significant portion of the investor funds for personal use and […]
World Investor Week is “a global campaign to raise awareness about the importance of investor education and protection.” This year, it took place from October 4 through 10. The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) both published online resources for World Investor Week […]
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have both recently issued warnings about broker and investment advisor imposter scams. These scams involve individuals falsely representing themselves as registered brokers and advisors—often by assuming the identity of a legitimate registered investment professional. For individuals […]
The Financial Industry Regulatory Authority (FINRA) recently announced that it is investigating unnamed special purpose acquisition companies (SPACs) and their affiliates for possible securities law violations. In order to do so, the self-regulatory organization is requesting records from brokerage firms that may have offered investments in the subject SPACs to […]
Evergrande, the Chinese real estate developer that has become the poster child for high-risk overseas investing, narrowly escaped default in mid-October by securing $83.5 million to make a last-minute interest payment. However, this has done little to alleviate concerns in the market, as the firm still has more than $350 […]
Our securities litigation law firm is investigating potential claims against Philip R. Corvia and his former brokerage firm, Henley & Company LLC, related to allegations that Mr. Corvia defrauded his clients through a Ponzi scheme. Mr. Corvia, who passed away in August 2021, was a registered representative of Henley & […]