Make sure your insurance policies explicitly cover a governmental investigation. Hertz was covered for the class action but not the SEC investigation arising from the same events.
News
SEC Charges California-Based Fraudster With Selling “Insider Tips”
The SEC has charged James Roland Jones of Redondo Beach, California, with perpetrating a fraudulent scheme to sell what he called “insider tips” on the dark web. The dark web allows users to access the internet anonymously and, as such, has often been used to host websites and marketplaces that […]
Are Advisors Too Expensive?
According to a survey conducted by the personal finance website MagnifyMoney, nearly half of U.S. adults think financial advisors are expensive and only for the wealthy, even though almost all who use advisors consider them worth it, according to a new survey. The survey of 1,500 adults found that 30% […]
Three Fallacies Of Wealth Creation, And Three Antidotes
Three Fallacies Of Wealth Creation, And Three Antidotes If you can see through these misperceptions about assets, you can be a better investor. #seclaw #securitiesattorney #securitieslawyer https://www.forbes.com/sites/baldwin/2021/03/20/three-fallacies-of-wealth-creation-and-three-antidotes/ —– Coast-to-coast representation of investors and financial professionals – Securities Lawyer
End Mandatory Arbitration?
Elizabeth Warren has once again taken up the charge to end pre-dispute arbitration agreements, which she calls “forced arbitration.” I have addressed the topic on numerous occasions and while I am a fan of arbitration, pre-dispute arbitration agreements can be an issue, particularly in consumer cases, such as car rental […]
Year in Review: The 2020 Exam and Risk Monitoring Program | FINRA Unscripted
Year in Review: The 2020 Exam and Risk Monitoring Program http://feeds.finra.org/~r/FINRACompliancePodcast/~3/ZT_Yl82n0tw/year-in-review-the-2020-exam-and-risk-monitoring-program-JcZ_yyzh # #seclaw —– Coast-to-coast representation of investors and financial professionals – Securities Lawyer
SEC Issues Amendments, Seeks Public Comment on Holding Foreign Companies Accountable Act
The Securities and Exchange Commission has adopted interim final amendments to implement congressionally mandated submission and disclosure requirements of the Holding Foreign Companies Accountable Act (HFCA Act). The interim final amendments will apply to registrants that the Commission identifies as having filed an annual report on Forms 10-K, 20-F, 40-F, […]
Owner of Real Estate Investment Settles Affinity Fraud Complaint
In a case involving allegations of affinity fraud, the SEC has charged a New Jersey resident with defrauding investors, most of whom were members of the Orthodox Jewish community, who invested millions based on false claims about investments in real estate. Remember, don’t trust someone with your investments simply because […]
As Stimulus Is Deployed, The S&P 500 Is Buzzing With Rotation Questions
As Stimulus Is Deployed, The S&P 500 Is Buzzing With Rotation Questions This week, $400 billion in direct stimulus payments began flowing into the bank accounts of US households, courtesy of the American Rescue Plan. Any investor must wonder: where will this money go next? #securitiesattorney #securitieslawyer #seclaw https://www.forbes.com/sites/michaelcannivet/2021/03/19/as-stimulus-is-deployed-the-sp-500-is-buzzing-with-rotation-questions/ —– […]
SEC Obtains Emergency Asset Freeze, Charges Colorado Resident with Fraud Involving Sham Bottling Company
The Securities and Exchange Commission today announced it filed charges and obtained an asset freeze and other emergency relief to stop an alleged offering fraud and misappropriation of investor assets orchestrated by Colorado Springs resident Tra Jay… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
