by Broker Fraud | Nov 18, 2024 | Securities Fraud, Securities Litigation
The U.S. Securities and Exchange Commission (SEC) on October 9 charged two investors and Minerco, Inc., an inactive penny stock company, which was formerly MINE on an over-the-counter ticker, with defrauding investors in an $8 million pump and dump scheme.1 In this...
by Broker Fraud | Nov 7, 2024 | Securities Fraud
A Structured Note is a debt security issued by financial institutions. Its return is based on equity indexes, single equity, a basket of equities, interest rates, commodities, or foreign currencies. The performance of a Structured Note is linked to the return on an...
by Broker Fraud | Oct 21, 2024 | Ponzi Scheme, Securities Fraud
SEC Charges Drive Planning LLC and its Founder with $300M Ponzi Scheme A Ponzi scheme is defined as an investment scam that promises a high rate of return with little risk to the investor and is one where early investors are paid with money taken from later investors...
by Broker Fraud | Sep 10, 2024 | Ponzi Scheme, Securities Fraud
SEC Charges Adam Brothers, GCZ Global and Triten Financial Group with a $60 Million Ponzi Scheme The U.S. Securities and Exchange Commission halted another alleged Ponzi scheme, this one perpetrated by two brothers who lured investors with the promise of up to a 13.5...
by Broker Fraud | Jun 7, 2024 | Securities Fraud, Securities Litigation
On May 28 the Securities and Exchange Commission (SEC) implemented a newly adopted rule which shortened the standard settlement cycle for most broker-dealer transactions from two business days (T+2) to one business day after the trade date (T+1).1 When the settlement...
by Broker Fraud | May 8, 2024 | Securities Fraud, Securities Litigation
The U.S. Securities and Exchange Commission (SEC) not only has broad authority over all aspects of the securities industry but is also charged with protecting investors.1 One of the ways the SEC does this is by making educational resources available to the investing...
