What Is a Ponzi Scheme?
A Ponzi scheme is an investment fraud that attracts new investors with promises of high returns and little to no risk. Instead of generating legitimate profits, the scheme uses funds from new investors to pay returns to earlier investors, creating an illusion of profitability. The scheme only continues as long as new investors keep joining. Once this […]
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 […]
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 […]
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 […]