by Broker Fraud | Jan 9, 2025 | Securities Fraud, Securities Litigation
Morgan Stanley Smith Barney to Pay $15M SEC Penalty for Failure to Prevent Financial Advisors’ Theft of Investor Funds Financial services firms have a duty and are required by U.S. Securities and Exchange Commission (SEC) rules to have supervisory and compliance...
by Broker Fraud | Dec 18, 2024 | Securities Fraud, Securities Litigation
JPMorgan Chase Affiliates to Pay $151 Million in SEC Enforcement Fines On October 31, the U.S. Securities and Exchange Commission (SEC) resolved five separate enforcement actions against J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management, Inc....
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 | Jul 8, 2024 | Securities Litigation
A structured note is a debt security that combines multiple financial products into one, such as a bond and a derivative. The return on a structured note is based on the performance of an underlying asset, index, or group of assets, such as equity indexes,...
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...
