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As we sit a few days past the ten-year anniversary of Lehman Brothers’ downfall on September 15, 2008, it is clear that Wall Street and investors have not learned the lessons of the financial crisis. Following the bankruptcy of Lehman Brothers, the entire financial system was on the verge of […]
Transamerica Corporation (“Transamerica”) is a conglomerate of investment firms and life insurance providers serving retirement savers and other individual investors in the United States. Recently, the Securities and Exchange Commission (SEC) entered into a settlement with four Transamerica entities to settle allegations of investment fraud for more than $97 million. […]
The law firm is investigating alternative investments sold by Purshe Kaplan Sterling Investments Inc. (“Purshe Kaplan”), the brokerage firm based in Albany, New York, with branches located throughout the country. If you are an investor in an alternative investment such as Spring Hills Holdings or GPB Holdings, please contact us […]
It’s been a terrible summer for Tesla’s billionaire CEO, Elon Musk. Last month, Musk, who is Tesla’s single largest shareholder and owns 20% of the company, said he was considering converting Tesla to a private company. The post not only sent the stock zooming upwards, it also caught the attention of […]
“[C]heck the background of anyone selling or offering [you] an investment. No matter how good an investment may sound, verify that the person is currently registered or licensed and check his or her background.” This advice comes from the Securities and Exchange Commission (SEC), the federal agency responsible for overseeing […]
The law firm is investigating a potential class action on behalf of AmEx cardholders who are small or mid-sized business which were allegedly over-charged on foreign currency transactions. If you are a small or mid-sized business owner recruited by AmEx, you may be a victim of alleged over-charges on foreign […]
LPL Financial, the largest independent securities brokerage firm in the United States, recently agreed to pay up to $26 million in fines for the sale of unregistered and non-exempt securities. The multi-million-dollar settlement is the result of an investigation conducted by the North American Securities Administrators Association (NASAA), which is […]
Thousands of Puerto Rico residents have filed investment fraud cases against UBS, Santander, Banco Popular and Oriental. Given the pain those investors are suffering in the aftermath of the collapse of Puerto Rico’s bond market, it’s hard to believe, but Puerto Rico could teach the Securities and Exchange Commission about […]
The law firm is investigating the alleged $1 billion Ponzi scheme by the Woodbridge Group of Companies LLC (“Woodbridge”) in Florida. On December 20, 2017, the SEC filed a complaint against Woodbridge and its officers and various related entities alleging that it was operating a Ponzi scheme. The SEC accused […]
Riot Blockchain has revealed that it is under investigation by the Securities and Exchange Commission. Jake Zamansky told CNBC that “[t]he fact that the SEC division of enforcement is involved suggests they are considering securities fraud action against the firm.” Click here to read the full article on CNBC