investment fraud attorney Archives - Page 2 of 2

Affinity Fraud: A Hidden Threat to Investors Highlighted by the Wilkinson Family Speaker Series

Affinity fraud, a pernicious form of investment fraud targeting specific groups with shared identities, took center stage at the University of Oklahoma College of Law’s Wilkinson Family Speaker Series. This series, generously funded by Bruce Wilkinson, a 1969 OU College of Law alumnus, aims to educate students, alumni, and the broader Oklahoma community about critical issues in securities fraud and investor protection. Bruce Wilkinson's vision for the series is rooted in his deep appreciation for his legal education, even though he never practiced law. He recognized the importance of giving back to the institution that played a significant role in his life. The series is designed to provide practical, real-world insights that benefit not only law students but also anyone with an interest in investing. The second annual series, held in March of 2023, began with an opening dinner where OU Law Dean Katheleen Guzman presented alarming statistics from the Financial Industry Regulatory Authority (FINRA). Over 25,000 complaints involving securities [...]

The DOL Elevated Conduct Standards for Retirement Advisors

The U.S. Department of Labor (DOL) has recently finalized a rule designed to elevate conduct standards for financial advisors who provide retirement advice. This new regulation, which redefines the role of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA), aims to ensure that advisors adhere to high standards of care and prioritize their client's interests above all else. This significant regulatory development highlights the ongoing efforts to enhance investor protection in the financial industry. By setting a more stringent standard for fiduciary duty, the DOL aims to mitigate conflicts of interest and promote transparency in retirement investment advice. This new rule mandates that advisors act in the best interests of their clients, placing investor's needs and goals at the forefront of any recommendations made. Securities fraud attorneys and investment fraud lawyers view this rule as a crucial step in safeguarding investor's retirement assets. The enhanced fiduciary standard requires advisors to exercise a higher degree of diligence [...]

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