Investment Fraud
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Investment Fraud
Helping investors stay informed about investment fraud and other securities scams
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Investors Sue Astor Weiss Over Client's $54 Million Ponzi Scheme - Law.com

Investors Sue Astor Weiss Over Client's $54 Million Ponzi Scheme Law.com Two investors have filed a class action suit against Philadelphia-based Astor Weiss Kaplan & Mandel, alleging that the firm should have known its client, Mantria Corp., for...
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SEC, Congress may change rules for startups - TechFlash

SEC, Congress may change rules for startups - TechFlash | Investment Fraud | Scoop.it
SEC, Congress may change rules for startupsTechFlashIt also increases the number of shareholders that requires a company to make an initial public offering and report to the SEC from 500 to 1000.
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SEC chief: Require brokers to put investors first - CBS News

SEC chief: Require brokers to put investors first - CBS News | Investment Fraud | Scoop.it
CBS NewsSEC chief: Require brokers to put investors firstCBS NewsIn her keynote address, she underscored the SEC's mission to protect investors, while balancing the need to create an environment where financial institutions can operate efficiently...
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What you should know about your adviser - Reuters

What you should know about your adviser - Reuters | Investment Fraud | Scoop.it
What you should know about your adviser - reuters BrokerCheck does not include complete details on everything an investor might want to know about, including disclosure of all felony charges; misdemeanor charges involving investment related business, ...
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FINRA sanctions 2 Colorado investment advisers - Denver Business Journal

FINRA sanctions 2 Colorado investment advisersDenver Business JournalThe Financial Industry Regulatory Authority in Washington, DC, fined and sanctioned two Colorado investment advisers in December, according to FINRA 's monthly disciplinary...
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Former SEC Attorney: Can Drive A Truck Through the Openings in 'The Stock Act' - CNBC.com

Former SEC Attorney: Can Drive A Truck Through the Openings in 'The Stock Act' - CNBC.com | Investment Fraud | Scoop.it
CNBC.comFormer SEC Attorney: Can Drive A Truck Through the Openings in 'The Stock Act'CNBC.comJacob Frenkel, former SEC attorney and partner at Shulman Rogers, weighed in.
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CONSUMER AFFAIRS: Social media and investing - nwitimes.com

CONSUMER AFFAIRS: Social media and investing - nwitimes.com | Investment Fraud | Scoop.it
CONSUMER AFFAIRS: Social media and investingnwitimes.comOf course, investments sounding too good to be true probably are. Also, since investments by their nature pose some risk, promises of guaranteed returns should raise red flags.
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How to spot investment fraud - Reuters

How to spot investment fraud - Reuters | Investment Fraud | Scoop.it
How to spot investment fraudReuters"Fraud is based on trust. Social media ... is almost a perfect platform to commit affinity fraud." Investment scams, in general, are driven by victims' belief that the opportunities presented are credible.
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SEC Is Avoiding Tough Sanctions for Large Banks - New York Times

SEC Is Avoiding Tough Sanctions for Large Banks - New York Times | Investment Fraud | Scoop.it
New York TimesSEC Is Avoiding Tough Sanctions for Large BanksNew York TimesBy granting exemptions to laws and regulations that act as a deterrent to securities fraud, the SEC has let financial giants like JPMorganChase, Goldman Sachs and Bank of America...
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Behringer Harvard client wants answers after fund dropped 96% - InvestmentNews

Behringer Harvard client wants answers after fund dropped 96% - InvestmentNews | Investment Fraud | Scoop.it
Behringer Harvard client wants answers after fund dropped 96%InvestmentNewsCapital Financial agreed to a $200000 settlement with Finra in August in connection with the sale of $60 million of Provident shares and $100 million of another private placement,...
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Finra And NFL Team Up To Serve Athletes - Financial Advisor Magazine

Finra And NFL Team Up To Serve AthletesFinancial Advisor MagazineThe Finra Foundation/NFL initiative is aimed at incoming NFL players to help them spot and avoid investment fraud and to make informed financial decisions.
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SEC Says Rakoff Erred on 'Public Interest' Test for Accords - BusinessWeek

SEC Says Rakoff Erred on 'Public Interest' Test for Accords - BusinessWeek | Investment Fraud | Scoop.it
SEC Says Rakoff Erred on 'Public Interest' Test for AccordsBusinessWeekCourts must only find the accords to be “fair, adequate and reasonable,” SEC attorney Andrea Wood told a federal judge in Wisconsin in a filing defending the agency's proposed ...
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Olympus probe finds 5 auditors responsible - Las Vegas Sun

Olympus probe finds 5 auditors responsible - Las Vegas Sun | Investment Fraud | Scoop.it
AFPOlympus probe finds 5 auditors responsibleLas Vegas SunOlympus has admitted a cover-up of investment losses of 117.7 billion yen ($1.5 billion) dating back to the 1990s and is suing 19 former and current executives for damages.
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FINRA Bars Rep From Industry for Investments in Unusual, Leveraged ETFs - On Wall Street

FINRA Bars Rep From Industry for Investments in Unusual, Leveraged ETFs - On Wall Street | Investment Fraud | Scoop.it
FINRA Bars Rep From Industry for Investments in Unusual, Leveraged ETFsOn Wall StreetAccording to FINRA, Michael Venable of Tyler, Texas, made unsuitable investments for “unsophisticated clients with conservative investment objectives and risk profiles”...
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Judge Slams FINRA Arbitration - Huffington Post

Judge Slams FINRA Arbitration - Huffington Post | Investment Fraud | Scoop.it
Judge Slams FINRA ArbitrationHuffington PostMs. Evans specializes in representing broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).
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FINRA's Suitability Rule Is No Match For California's Rule

FINRA's Suitability Rule Is No Match For California's Rule | Investment Fraud | Scoop.it
FINRA's New Rule. Beginning on July 9, 2012, broker-dealers will be subject to FINRA's new suitability rule. Rule 2111(a) requires FINRA members and their associated person to have “a reasonable basis to believe that a ...
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Finra Charges Former Advisor With Defrauding Clients - Financial Advisor Magazine

KEZI TVFinra Charges Former Advisor With Defrauding ClientsFinancial Advisor MagazineFinra has charged a 44-year-old financial advisor with allegedly defrauding several investors out of thousands of dollars which he then used to fund his own...
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BDs Watch Out: FINRA Issues 2012 'Watch List' - AdvisorOne

BDs Watch Out: FINRA Issues 2012 'Watch List' - AdvisorOne | Investment Fraud | Scoop.it
AdvisorOneBDs Watch Out: FINRA Issues 2012 'Watch List'AdvisorOneBy Melanie Waddell, AdvisorOne The Financial Industry Regulatory Authority (FINRA) on Tuesday released its 2012 regulatory and examination “watch list,” which provides a laundry list...
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This Woman Duped Investors Into Buying Phony Shares Of Facebook - Business Insider

This Woman Duped Investors Into Buying Phony Shares Of Facebook - Business Insider | Investment Fraud | Scoop.it
Business InsiderThis Woman Duped Investors Into Buying Phony Shares Of FacebookBusiness Insider"I was scammed," Randy Stafford, Oleson's contractor, told the station.
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The S.E.C. Says the Game Has Changed, And So Must Senior Management - FINalternatives

The S.E.C. Says the Game Has Changed, And So Must Senior Management - FINalternatives | Investment Fraud | Scoop.it
AdvisorOneThe S.E.C.Says the Game Has Changed, And So Must Senior ManagementFINalternativesBy Deborah Prutzman, CEO, The Regulatory Fundamentals Group -- On January 31, the SEC held an all-day conference to deliver a clear message: CEOs and senior...
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SEC to Family Offices: Brother-In-Law Must Exit - Barron's (blog)

SEC to Family Offices: Brother-In-Law Must Exit - Barron's (blog) | Investment Fraud | Scoop.it
CFA Institute Enterprising InvestorSEC to Family Offices: Brother-In-Law Must ExitBarron's (blog)Guin is one of the nation's go-to guys on how SEC regulations intersect with family offices.
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Bill Singer's 2011 Wall Street Regulatory Hall of Shame - Forbes

Bill Singer's 2011 Wall Street Regulatory Hall of Shame - Forbes | Investment Fraud | Scoop.it
Bill Singer's 2011 Wall Street Regulatory Hall of ShameForbesEvery month, I read all of the reported Financial Industry Regulatory Authority (“FINRA”) disciplinary cases and cull out what I think are Cases of Note.
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FINRA sues David Lerner founder for misleading investors - Reuters

FINRA sues David Lerner founder for misleading investors - Reuters | Investment Fraud | Scoop.it
FINRA sues David Lerner founder for misleading investorsReutersEight months ago, FINRA began a similar proceeding against his brokerage, David Lerner Associates Inc, of Syosett, New York.
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SEC Charges Boiler Room Operators in Florida-Based Penny Stock Manipulation Scheme - inAudit

SEC Charges Boiler Room Operators in Florida-Based Penny Stock Manipulation Scheme - inAudit | Investment Fraud | Scoop.it
inAuditSEC Charges Boiler Room Operators in Florida-Based Penny Stock Manipulation SchemeinAuditThe SEC alleges that First Resource Group LLC and its principal David H.
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Matt Wallace: Guarding your nest egg - Port Huron Times Herald

Matt Wallace: Guarding your nest egg - Port Huron Times Herald | Investment Fraud | Scoop.it
Matt Wallace: Guarding your nest eggPort Huron Times HeraldWhen you hear of elder financial abuse, you might think of unscrupulous home improvement contractors, phony investment schemes or Internet scams.
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