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When a ship is in danger of capsizing and drowning its passengers, the Captain yells, May Day! May Day! Puerto Rico’s new governor, Dr. Ricardo Rossello, is facing a May Day call as the island is drowning in debt. Many political balls are in the air right now. It appears […]
The Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) recently issued separate press releases warning investors nationwide of the risks of affinity fraud schemes – schemes targeting individuals within certain groups or affiliations – being perpetrated by religious leaders. The press releases discuss two separate cases in […]
In March 2017, the Financial Industry Regulatory Authority (FINRA) received approval from the Securities and Exchange Commission (SEC) to adopt two rule changes designed to help protect senior investors against investment fraud. The changes focus on preventing unauthorized access to investors’ accounts and preventing disbursements from investors’ accounts when there […]
For individual investors, securities arbitration through the Financial Industry Regulatory Authority (FINRA) provides a streamlined opportunity to recover fraudulent investment losses. If you have experienced sudden and unexpected losses in your investment account, here are six key facts you need to know about FINRA arbitration: 1. To File, Your Broker […]
Puerto Rico is facing a May 1 deadline to restructure its $70 billion debt. At that time, a freeze on lawsuits against Puerto Rico will expire. The clock is ticking on Puerto Rico. Last year, the U.S. Congress passed a Puerto Rico rescue law called “PROMESA,” which halted creditor lawsuits […]
It appears that the Trump administration is determined to roll back regulations across the board; from lowering industrial standards for pollution to increasing the risks faced by Mom and Pop investors. There are two areas of concern for the average investor. First, the Department of Labor – DOL has delayed […]
The law firm is investigating third-party claims for investors in the Platinum Partners Value Arbitrage Fund (“Platinum Fund”). The investigation concerns whether there were breaches of duties by the Platinum Fund’s valuation agent or auditor in connection with the fraud that was later revealed. If so, the law firm is […]
While Bill Ackman has had some big winners for investors in his multi-billion-dollar hedge fund, Pershing Square, he also has cost his clients a ton of money over the years due to his high-risk bets on stocks. Ackman’s strategy is extremely risky. He takes a large bet on just a […]
In January 2017, the U.S. Securities and Exchange Commission (“SEC”) filed for an injunction freezing the assets of Emilio Francisco and his company, PDC Capital Group LLC. The SEC accused them of defrauding investors of $72 million of funds raised from them, and diverting the money to buy a yacht. […]
Last week, the bull market in stocks, which started after the financial crisis hit bottom in March 2009, reached its eight-year anniversary. It’s the second longest bull run in S&P 500 history, adding more than $14 trillion in value to the index over that time. That’s all good news for […]