by Broker Fraud | Apr 8, 2024 | Securities Fraud, Securities Litigation
Genesis Global Capital to Pay SEC $21 Million for Violating Securities Laws On March 28 Sam Bankman-Fried, co-founder of the defunct crypto currency exchange FTX was sentenced to 25 years in prison and ordered to pay a $11 billion fine for defrauding FTX users.1 When...
by Broker Fraud | Mar 22, 2024 | FINRA Arbitration, Securities Fraud
FINRA Finds Many Potential Violations in Review of Crypto Asset Communications The Financial Industry Regulatory Authority (FINRA) was formed in July 2007 to regulate brokerage firms doing business with United States investors. FINRA is overseen by the U.S. Securities...
by Broker Fraud | Mar 7, 2024 | Securities Fraud, Securities Litigation
On January 23, Jaime Westenbarger, who founded Forest Hills Financial, a financial services firm based in Ada, Michigan, pleaded guilty in Kent County Circuit Court to embezzling client funds. Westenbarger pleaded guilty to two count of embezzlement over $100,000,...
by Broker Fraud | Feb 27, 2024 | Securities Fraud, Securities Litigation
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 | Feb 8, 2024 | Securities Fraud, Securities Litigation
Jumia Technologies (JMIA) is an African e-commerce online retailer technology company. It is a company built around a marketplace, logistics service and payment service. The logistics service enables the delivery of packages through a network of local partners while...
by Broker Fraud | Jan 30, 2024 | Investment Fraud, Securities Fraud
Peter Doelger founded a Boston-based company in the 1970s which helped homeowners nationwide lower their energy bills through a network of contractors tasked with focusing on the homeowners’ attic insulation and windows. Honeywell bought the business in 1995 for an...
