Skip to Content
On September 26, 2018, the Financial Times reported that TFS-ICAP, the foreign exchange brokerage firm, pleaded guilty to securities fraud in relation to a criminal investigation by the New York Attorney General’s Office into foreign exchange currency options. The charges stem from an investigation into the posting of fake trades, […]
The law firm is investigating former Wells Fargo financial advisor John Greg Schmidt (“Schmidt”) also known as Greg Schmidt. On September 25, 2018 the Securities and Exchange Commission (SEC) filed a complaint against Schmidt, alleging he engaged in a “Ponzi” scheme for years where he stole funds from customers’ accounts. […]
Many investment fraud scams involve fees and transaction costs that are designed to allow brokers and advisors to profit at their customers’ expense. But, in most cases, these fees and costs are disguised or limited in such a way that the relationship still seems worthwhile to individual investors. In one […]
The market sell-off last week reminded investors that October can be spooky, and Halloween is still weeks away. From Wednesday to Friday, the S&P 500 hit fresh lows, dropping 5% in hours, with most stock averages down 4% after the rocking and rolling week. Remember, Wall Street traders are particularly nervous in […]
After a string of high-profile cases, there was a lull where we didn’t hear much at all about Ponzi schemes. But, the well-known (though often-misunderstood) financial fraud scam came roaring back into the headlines last month when the Securities and Exchange Commission (SEC) unsealed a Complaint in which it alleged […]
Perhaps the biggest complaint by investors following the 2008 financial crisis was that not a single Wall Street executive was held accountable for their misdeeds. People were upset, angry and annoyed. After all, Wall Street banks nearly led to the collapse of the global financial system. Indeed, the fall of […]
Bitcoin is around 10 years old, but the future of the cryptocurrency remains uncertain according to a recent Forbes article. According to Forbes, a new report indicates that the financial system that created Bitcoin could end up making the cryptocurrency obsolete. Investors need to be aware of the potential risks […]
Since its recent infancy, fraud has plagued the cryptocurrency market. Combine cryptocurrency’s inherent obscurity with the fact that many potential investors do not know much more than what they have read about Bitcoin in headlines, and you get an entire industry that is ripe for abuse. FINRA Targets Alleged Cryptocurrency […]
When Hurricane Florence ravaged the coastal Carolinas this summer, it left more than 50 people dead and an estimated $17 billion to $22 billion in damage in its wake. While the southeastern United States has seen more than its fair share of hurricanes in recent years, Florence was among the […]
Buying Bitcoin can be complicated, and those who decide to trade Bitcoins should consider getting advice from a Bitcoin attorney who can provide insight into the regulations and laws surrounding cryptocurrency markets. There’s one unorthodox way that you could purchase Bitcoin in the near future: you could buy it at […]