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Enhancing Investor Protection: The SEC’s New Public Service Campaign

The recent announcement by the Securities and Exchange Commission (SEC) regarding its new public service campaign emphasizes a pivotal initiative in bolstering investor protection across the financial landscape. This campaign, aimed at educating and empowering investors, reflects a proactive approach by regulatory authorities to mitigate risks associated with securities investments. As securities fraud attorneys and investment fraud lawyers, we recognize the significance of initiatives like this campaign. Investor protection lies at the heart of our profession, and efforts to enhance public awareness about financial scams and fraudulent schemes are commendable. The SEC's campaign is designed to educate investors about common tactics used by fraudsters, emphasizing the importance of due diligence and skepticism when approached with investment opportunities. The role of an investment fraud attorney or law firm extends beyond legal representation; it encompasses advocacy for fair and transparent financial markets. By highlighting the campaign's focus on investor education, the SEC aims to equip individuals with the knowledge and tools necessary [...]

By |July 8th, 2024|Blog|
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SEC Charges JAG Capital Advisors and Founder with Investment Fraud

In recent news, the Securities and Exchange Commission (SEC) has brought forth charges against JAG Capital Advisors and its founder, Joshua Goltry, alleging they defrauded investors. This development highlights ongoing concerns in the investment community about fraudulent activities that can harm investors and create mistrust in financial markets. According to the SEC's press release, JAG Capital Advisors and Goltry allegedly engaged in a scheme where they misled investors about the performance and management of their investment funds. The SEC claims that false and misleading statements were made regarding the fund's performance numbers, as well as the strategy employed to achieve those results. Such alleged misconduct, if proven, not only violates regulatory standards but also breaches the trust that investors place in financial professionals to act with integrity and transparency. Cases like this highlight the critical role of regulatory bodies like the SEC in maintaining market integrity and protecting investors. The SEC's enforcement actions are designed not only to punish wrongdoing [...]

By |July 5th, 2024|Blog|
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Supervisory failure leads to $500K fine by FINRA: An insight into Oppenheimer & Co. Case

In a wake up call for broker-dealers, the Financial Industry Regulatory Authority (FINRA) has slapped a whopping fine of $500,000 on Oppenheimer & Co. for failing to properly supervise certain trades. As reported, Oppenheimer's brokers are under target for directly placing trades with fund companies on behalf of customers without requisite inspection bringing the supervisory under scanner for lapses in framework.  Let’s look at the case and try to understand the situation at hand, the importance of supervision in brokerage firms, and why consulting a securities fraud lawyer is essential to safeguard your interests in such a case.  The Oppenheimer & Co. Case(FINRA): An Overview It all happened between January 2011 and December 2015 when Oppenheimer and Co., a big bull in the New York broker-dealer segment, processed around $753 million in early rollovers of UIT transactions out of the total $6.4 Billion.  FINRA, which is a not-for-profit organization working towards ensuring investor protection and market integrity, identified lapses in [...]

By |July 3rd, 2024|Legal Matters, Blog, FINRA, investment fraud lawyer|
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SEC Secures $4.5 Billion Settlement in Landmark Terraform Labs and Do Kwon Case

On June 13, 2024, the Securities and Exchange Commission (SEC) announced a landmark settlement with Terraform Labs PTE, Ltd. and its CEO, Do Kwon, totaling over $4.5 billion. This resolution follows a unanimous jury verdict that held the defendants liable for orchestrating fraud involving crypto asset securities, resulting in massive investor losses when the scheme unraveled. Uncovering the Fraud In a nine-day jury trial held in April, the extent of Terraform Labs and Do Kwon’s deception was brought to light. The SEC presented evidence showing that the defendants had misled investors about the use of the Terraform block chain to settle transactions and the stability of their crypto asset security, UST. When UST de-pegged from the U.S. dollar in May 2022, its value, along with Terraform’s other tokens, plummeted to nearly zero, erasing $40 billion in market value almost overnight. This collapse caused devastating financial losses for countless investors, including many retail investors who had trusted Terraform’s false claims and [...]

By |July 2nd, 2024|Blog|
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Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.