by Broker Fraud | Sep 30, 2021 | Securities Fraud, Securities Litigation
$97 Million SEC Enforcement Action Against TIAA Subsidiary for Retirement Rollover Recommendations A fiduciary, as defined by Investopedia.com, is “a person or organization that acts on behalf of another person or persons, putting their clients’ interest...
by Broker Fraud | Aug 30, 2021 | Securities Fraud, Securities Litigation
Daniel Michael, chief of the U.S. Securities and Exchange Commission (SEC) Enforcement Division’s Complex Financial Instruments Unit noted that it is an advisory firm’s responsibility to protect its clients from inappropriate investments in complex...
by Broker Fraud | Jul 17, 2021 | Investment Fraud, Securities Fraud
Elon Musk, the chief executive office of TESLA has been reported by media outlets as touting Dogecoin, a cryptocurrency. In February, the Daily Mail reported that after Musk had been “tweeting relentlessly” promoting Dogecoin, the cryptocurrency jumped 21...
by Broker Fraud | Jun 16, 2021 | Securities Fraud, Securities Litigation
Decisions on where to invest money are not easy to make. It takes knowledge of the investment being offered, good research into who is offering the investment, and an understanding of the common warning signs that an investment opportunity is not legitimate. ADT...
by Broker Fraud | May 26, 2021 | FINRA Arbitration, Securities Fraud
Transamerica Financial Advisors, Inc. to Pay $8.8 Million FINRA Sanction for Supervisory Violations On December 21, 2021, the Financial Industry Regulatory Authority (FINRA) announced that Transamerica Financial Advisors, Inc. (TFA) had agreed to pay an $8.8 million...
by Broker Fraud | Apr 22, 2021 | Investment Fraud, Securities Fraud
Historically when times are uncertain and large numbers of people are unemployed, as they are during this pandemic, there is a rise in crime, including investment scams. According to the United States Securities and Exchange Commission (SEC), investment scam...
