The Role of a Securities Arbitration Lawyer in Dispute Resolution
There are two ways of handling investment and financial securities-related disputes. One is litigation and the other is arbitration. Litigation involves taking legal action while arbitration is about resolving the dispute outside the court through mediation by an impartial third party panel. Securities arbitration lawyers represent investors, brokers, brokerage firms, etc. in such cases of […]
Safeguard Your Finances: The Role of a Stock Broker Fraud Attorney in Financial Fraud Cases
Unethical and deceitful investment schemes are on the rise, having a weighty impact on the financial well-being of those affected. Thus, safeguarding finances from fraud is an essential practice for individuals and organizations to avoid losses. In case such fraud is committed, the role of a stockbroker fraud attorney becomes critical in protecting the victim’s […]
How Investment Fraud Lawyers Can Help You Recover Losses
If you have landed on this blog, then unfortunately, you or someone you may know may have been a victim of an investment fraud. Or maybe you simply want to gain awareness about this issue and find out how an investment fraud attorney can be helpful in such situations to safeguard yourself. In either of […]
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 […]
Investment News: Next DOL Fiduciary Proposal Generates Opposition Prior to Release
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Former U.S. Army Financial Counselor Charged by SEC for Defrauding Gold Star Families
The Securities and Exchange Commission (SEC) has taken decisive action against Caz L. Craffy, a former U.S. Army financial counselor, for allegedly defrauding Gold Star family members and others. The charges stem from unauthorized trading and inappropriate investment advice. According to the SEC’s complaint, Craffy, who was based in Colts Neck, New Jersey, had the […]
SEC Alleges Additional Frank Executive’s Fraud in $175 Million Sale of Student Loan Assistance Company
The Securities and Exchange Commission (SEC) has taken legal action against Olivier Amar, former Chief Growth Officer of Frank, in connection with fraud related to the company’s $175 million sale to JPMorgan Chase Bank, N.A. in 2021. This follows previous charges filed against Charlie Javice, Frank’s founder and former CEO, for his involvement in the […]
SEC Charges Merrill Lynch and Parent Company for Failure to Report Suspicious Activity
The Securities and Exchange Commission (SEC) has brought charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated, and its parent company BAC North America Holding Co. (BACNAH) due to their failure to file multiple Suspicious Activity Reports (SARs) between 2009 and late 2019. As part of the settlement, Merrill Lynch has agreed to pay a […]
SEC Moves Swiftly to Stop North Carolina-Based Ponzi Scheme
In an urgent response, the Securities and Exchange Commission (SEC) has taken decisive action to halt an alleged Ponzi scheme operated by Nayeem Choudhury, a resident of Durham, North Carolina, and his hedge fund, Dream Venture Capital Group LLC. The SEC filed a complaint with the United States District Court for the Middle District of […]
SEC Settles Charges Against RSE Markets Inc. for Running an Unregistered Securities Exchange
The Securities and Exchange Commission (SEC) recently concluded its investigation and reached a settlement with RSE Markets Inc. regarding allegations of operating as an unregistered securities exchange. RSE Markets was engaged in running a marketplace that facilitated the buying and selling of securities, specifically equity interests in collectible assets like valuable cars and watches. The […]
