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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 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.