Securities Attorney Madison Heights MI
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Experienced Securities Attorney near Madison Heights MI, Peter C. Rageas is tough on investment fraud
If you are a victim of investment fraud, let our legal specialists help you today! Securities attorney Rageas has over 20 years of experience protecting clients from fraudulent stock brokers. We offer residents Madison Heights MI, the most effective legal support, and are always privileged to work for our clients rights!
If you believe that you have been harmed by a stockbroker or investment advisor, please contact our law firm today. We have helped many clients from investment losses, stockbroker negligence, stockbroker malpractice, and more! Often, a stock broker or investor places their own financial interests ahead of yours. You need an experienced Securities Litigator to fight for you! The Securities Law Offices of Peter C. Rageas, can help victims of stock broker and investment negligence. While making investments on behalf of their clients, stock brokers are required to obtain information that will allow them to make credible investment recommendations. Further, a stockbroker is required to know the investor’s tolerance for risk, financial needs and investment timing.
The attorneys at the Law Offices of Peter C. Rageas are the ideal choice to recover your damages. We have the experience and resources to protect our clients from fraudulent stock brokers, call Today!
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Securities Litigation
Securities Litigation – Specializing in class action stockbroker negligence and wrong doing, to victims of investment scams
Securities Lawyers
If you are facing fraud, misrepresentation, account churning or breach of contract, you must contact a securities attorney at our law offices today!
Broker Misconduct
Experienced in all aspects for fraudulent broker abuse, including unauthorized trading in your brokerage account and improper allocation of assets, read more.
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Our Law Firm Will Accept Securities Cases From Madison Heights Residents on Contingency
Why does our law firm work on a contingency basis to defend your securities lawsuit? Often Securities Litigation can be expensive. This affords our clients an opportunity to file a lawsuit against the negligent financial advisor who caused your financial loss. More importantly, our clients are able to file their claim, without spending money initially for the payment of attorney’s fees. Our contingency arrangement helps individuals needing to file a case immediately, while not worrying about money to finance the lawsuit.
If a stock broker agrees to manage his or her client’s portfolio and they have discretionary authority to make trades without obtaining consent from the client, then they have fiduciary responsibility to that client. Securities attorney expert, Peter C. Rageas, has grown to be Michigan’s leading choice for Broker Securities Fraud. In addition to securities cases, we also offer many other services including the protection against Ponzi schemes, securities misrepresentation, broker negligence, legal causes against stockbrokers, breach of fiduciary duty, stockbroker claims, investment fraud, securities litigation, and FINRA assistance
Our law firm is experienced in securities dispute resolution. Don’t let a stock broker or investment advisor place their own interests before of yours. Contact our law offices for your Risk-Free Consultation, and get back what is yours!
Michigan Law Firm Specializing in Securities Litigation
Material Risks Must Be Disclosed in Securities
The stock broker is required by law to make complete disclosure to investors surrounding material facts that are inherent to the investments recommended. When neglected, investment fraud can exist. The firm or the stock broker can be held responsible for securities fraud including, misrepresentations or omissions of material facts. Omissions made to the investor regarding the risk involved with making a particular investment can lead to a finding that the firm and broker are responsible for compensatory damages or losses sustained. We offer FREE consultations to Madison Heights residents, call today to speak with an experienced investment lawyer!
Posts from Experienced Securities Attorney Peter C. Rageas
Genesis Global Capital Violates Securities Laws
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...
FINRA Finds Potential Violations in Crypto Asset Communications
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...
West Michigan Financial Advisor Guilty of Embezzling from Clients
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,...
The Failure of the Structured Note. How Risky are They?
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...
Risky Stock Causes Losses For Many Investors
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...
JP Morgan Chase Client with Dementia Loses $50 Million
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...
SEC Charges Kraken in Violation of US Securities Law
Kraken Charged by the SEC with Operating its Crypto Trading Platform in Violation of US Securities Law Kraken advertises itself as “the crypto exchange for everyone” that allows customers to buy crypto with “peace of mind.” The company website boasts of a quarterly...
FINRA Expels Monmouth Capital Management for Rules Violations
FINRA Expels Monmouth Capital Management for Rules Violations on Gold Star Family Accounts and Other Accounts Monmouth Capital Management was founded in 2018 in Holmdel, New Jersey, according to a Linked-In profile that lists the company as having 2-10 employees and 6...
Podcast Host Cash Flow King Charged by SEC
Podcast Host Cash Flow King Charged by SEC with Operating a Ponzi Scheme A podcast is similar to a radio talk show program but it is distributed in the form of a digital audio file that can be downloaded from the internet to a computer or mobile device. Podcasts are...
Impact Theory, a Media and Entertainment Company, Issued Cease and Desist Order by SEC
One of the most obvious warning signs that an investment may not be legitimate is the promise of high rates of return on the investment. According to Todd R. Tresidder, a Financial Mentor blogger and millionaire through investments, "above market returns are the...
Merrill Lynch to Pay $12M for Failing to File Suspicious Activity Reports
When criminals receive money from an illegal transaction they often move that "dirty" money into the financial system, either through depositing the illegal gains into a bank or credit union or investing the money with an investment firm or through a number of other...
Merrill Lynch Fails to Disclose Foreign Exchange Fees to Clients
Merrill Lynch Agrees to Pay $9.5 Million to Settle SEC Charges of Failing to Disclose Foreign Exchange Fees to Clients On April 3 the U.S. Securities & Exchange Commission (SEC) announced that Merrill Lynch, Pierce, Fenner & Smith Inc. had agreed to settle...
Michigan Bank – Sterling Bancorp – Pleads Guilty to Securities Fraud
On March 15, the United States Department of Justice (DOJ) reported that Sterling Bancorp, Inc., headquartered in Southfield, Michigan, and the holding company for Sterling Bank and Trust F.S.B., has agreed to plead guilty to securities fraud.1 Sterling Bancorp has...
Loren Justin Morrison of Stifel , Nicolaus & Company
Did Loren J. Morrison Cause You Investment Losses? Loren J. Morrison of Stifel, Nicolaus & Company Has Customer Complaints for Alleged Broker Misconduct Who Is Loren J. Morrison Of Stifel, Nicolaus & Company? Loren J. Morrison (crd# 4578161) who is currently...
Has Any Financial Advisor Recommended FTX Stock for You to Buy?
Did Any Stockbroker or Financial Advisor Recommend You Invest in Crypto Currency Exchange FTX Causing You Losses? Schedule a Free Consultation On November 15, 2022, FTX Digital Markets, the Bahamas based unit of the recently collapsed cryptocurrency trading platform,...
Can You Sue Your Registered Investment Advisor?
Making good financial investment decisions often requires specialized knowledge and a considerable investment of time to understand and monitor the ever-changing market options. Over one third of investors in America, about 40 percent, rely on financial advisers to...
Goldman Sachs to Pay SEC Fine Related to ESG Investments
Goldman Sachs to Pay $4 Million SEC Fine Related to Environmental, Social and Governance (ESG) Investments In recent years there has been an emerging trend for investors to put their investment dollars into companies that are aligned with their own world view. These...
FTX and Cryptocurrency Fraud
Cryptocurrency has always been purported to be a risky investment by most prominent financial authorities. In September, Forbes Advisor published an article entitled "Crypto Winter is Here" detailing how, at that point, Bitcoin was 65 percent off its November 2021...
SEC Issues Update to the Public Alert
SEC Issues Update to the Public Alert: Unregistered Soliciting Entities (PAUSE) List The Securities and Exchange Commission (SEC) works diligently to provide investor education to the general public in an effort to reduce fraud and provide investors with tools to make...
Michigan Investment Advisor Agrees to Final SEC Judgement
Michigan Investment Advisor Steven F. Muntin Agrees to Final SEC Judgement on Fraud Allegations The Securities and Exchange Commission (SEC) on May 11, 2022, permanently barred Steven F. Muntin from "acting as a broker or investment adviser or otherwise associating...
Michigan Securities Representative Submits Letter of Acceptance
Robert David Jr. Submits Letter of Acceptance, Waiver and Consent to FINRA A Michigan securities representative filed a Letter of Acceptance, Waiver and Consent (AWC) on March 31, 2022, with the Financial Industry Regulatory Authority (FINRA) accepting, without...
Equitable Financial Sanctioned by SEC for Misleading Investors
Equitable Financial Sanctioned by SEC for Misleading Investors About Fees Investing your money doesn't come without a price tag. There are fees and cost associated with investment products and services and in order to invest wisely an investor should thoroughly...
SEC Alleges Schwab Robo-Adviser Clients Were Misled About Fees
On June 13 the U.S. Securities and Exchange Commission (SEC) charged three Charles Schwab investment adviser subsidiaries with misleading Robo-Adviser clients about fees. In order to settle the charges, those three Charles Schwab subsidiaries -- Charles Schwab &...
SEC Halts Alleged Fraud by Detroit-based Hedge Fund Advisor
SEC Halts Alleged Fraud by Detroit-based EIA All Weather Alpha Fund I Partners On May 18, the U.S. Securities and Exchange Commission (SEC) filed a complaint for injunctive and other relief against Michigan-based EIA All Weather Alpha Fund I Partners, a purported...
West Michigan Man Sentenced to Jail for Securities Fraud
Joshua Louis Rupp, 37, pleaded guilty in federal court in Grand Rapids and was sentenced in March to serve 16 years in jail for securities fraud. Rupp was already in prison serving a three year and nine month sentence, having pleaded no contest and been convicted of...
IRS Targets Syndicated Conservation Easements for Potential Tax Fraud
On August 25, 2020, the Senate Finance Committee Chair Chuck Grassley and the Committees' ranking member, Ron Wyden, released a report on the Committee's investigation into syndicated conservation easements and possible tax fraud. The report detailed the investigation...
SEC Charges Precious Metals Company with Scheme Targeting the Elderly
When stock prices take a wild ride, or start plummeting, investors often seek out safer and more lucrative places to invest. A precious metals individual retirement account (IRA) may appeal to investors in this situation, as this type of IRA allows investors to hold...
Beware of High Return Certificates of Deposit Scams
A recent enforcement action by the U.S. Securities and Exchange Commission (SEC) highlights once again the need for investors to do their research on investment offerings and heed any warning signs that an investment may not be legitimate. In January, the SEC charged...
FINRA Fines Aegis Capital for Failure to Supervise Potentially Excessive Trading
FINRA Fines Aegis Capital $2.8M for Failure to Supervise Potentially Excessive Trading Brokerage firms that are members of the Financial Industry Regulatory Authority (FINRA) need to have supervisory systems in place that are reasonable designed to meet compliance...
Appointing a Trusted Contact for Investments
Appointing a Trusted Contact for Investments Advised by Government Agencies The Federal Bureau of Investigation's (FBI) Internet Crime Complaint Center (IC3) receives and tracks thousands of complaints of fraud each day and then investigates those complaints,...
Radio Host Sentenced to Three Life Terms for Affinity Fraud Targeting Seniors
Affinity fraud occurs when a thief targets members of an identifiable group, like a religious group, senior citizens or an ethnic community, and then relies on his or her connection with members of the group to perpetrate investment fraud.1 Affinity scams very often...
FINRA Releases Research on Consumer Vulnerability to Financial Scams
The Financial Industry Regulatory Authority's Investor Education Foundation teamed up with the University of Minnesota and the Better Business Bureau's (BBB) Institute for Marketplace Trust to study why some consumers are more vulnerable to financial scams. The...
SEC Enforces Action Against TIAA Subsidiary
$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 ahead of...
UBS Fined $8M by the SEC for Unsuitable Sales of Exchange Traded Products
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 financial...
Beware of How Social Media Influences Investing
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 percent in...
Financial Education Resources Make Investing Safer
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...
Transamerica Financial Advisors, Inc. to Pay Millions for Supervisory Violations
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...
Investment Scam Complaints are on the Rise
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...
Stefan He Qin Pleads Guilty to Cryptocurrency Investment Fraud
Bitcoin is one of the most widely recognized, and owned cryptocurrencies with a market capitalization of over a trillion dollars in March 2021.1 Cryptocurrencies are digital assets designed to work as a medium of exchange. Unlike paper money, cryptocurrency doesn't...
Non-Traded Unsellable Real Estate Investment Trusts | Securities Law Firm MI
Sometime before our current economic woes, you may have invested in a publicly registered non-traded Real Estate Investment Trust. The product offered attractive yields from real estate investment. Hoping for growth that would be a source of income when it was time to...
Interactive Brokers, Robinhood Brokerage Affected by Stock Trading Outages
Interactive Brokers, the popular stock trading platform went down which left traders unable to place trades for several hours. Take a look at the article below posted by Annie Massa and Misyrlena Egkolfopoulou from Bloomberg. Outages at Interactive Brokers, Robinhood...
U.S. Department of Justice Issues Indictment Against BitMEX Crypto Currency Exchange Executives
The United States District Court for the Southern District of New York on October 1, 2020, unsealed a criminal indictment against four BitMEX executives for violations of the U.S. Bank Secrecy Act (BSA).1 It is a move that is noteworthy in that the "Department of...
SEC Form CRS: Why It Is Important to Review | Michigan Securities Law Office
This past summer, many investors received what looks like a form letter in the mail from their investment firms. At first glance, many investors may have been tempted to pitch that form letter in the recycling bin without thoroughly reading the contents. If the letter...
Concorde Investment Services in Livonia to Settle FINRA Allegations | Securities Law Firm MI
Concorde Investment Services in Livonia Proposes to Settle FINRA Allegations of Failure to Supervise a Registered Representative A Livonia, Michigan, Financial Industry Regulatory Authority (FINRA) member, Concorde Investment Services, LLC, submitted a Letter of...
Wells Fargo Sanctioned by FINRA for Not Supervising Employees | MI Securities Law Firm
Wells Fargo Sanctioned by FINRA for Not Supervising Variable Annuity Transaction Switches to Other Company Products In February, Wells Fargo settled a civil lawsuit and criminal prosecution filed ty the U.S. Department of Justice stemming from the 2016 disclosure that...
Morgan Stanley Fined by FINRA | MI Securities Law Office
Morgan Stanley Fined by FINRA for Failing to Supervise a Registered Representative There are some investments that because of their upfront sales charges are only advantageous to investors if they are held for a long-term. On August 12, 2020, the U.S. Financial...
SEC Files Fraud Charges Involving NAC Foundation / AML Bitcoin – MI Securities Law Firm
Banks are subject to rules which require them to verify the identity of their customers. This is a problem for criminals who have large sums of cash from illegal activities. Increasingly, criminals have turned to cryptocurrency to launder their cash. Chainalysis, a...
SEC Settlement with Major Investment Firm Results in $5M Penalty – MI Securities Law Firm
SEC Settlement with Major Investment Firm Results in $5M Fund Benefitting Harmed Wrap Fee Program Investors Investment firm, Morgan Stanley Smith Barney, LLC (MSSB), recently settled charges brought by the U.S. Securities and Exchange Commission (SEC) that the company...
What Does FINRA Do? | MI Securities Law Firm
Securities markets need broad public confidence in their integrity to function correctly. Without confidence in the markets, trading securities would entail an unacceptably high level of risk with untold consequences. Because most of the world’s investors believe that...
Was Your Portfolio Suitably Invested?
As we navigate and muddle through the calamity of the Corona Virus black swan (an unforeseen, unexpected event), we must assess (1) where our stock portfolio value is at and (2) why. Is the value lost acceptable considering the black swan or is the loss in value...
Farmington Hills Broker Charged With Improper Bond Transactions | Michigan
Farmington Hills Broker Discharged from Morgan Stanley amid Allegations of Improper Bond Transactions Robert C. David was a registered broker and investment adviser for Morgan Stanley in the Farmington Hills branch office from June 2009 until March 2019. According to...
Wells Fargo Settles with SEC Over Charges | MI Securities Law Firm
Wells Fargo Settles with SEC Over Charges Related to Single Inverse EFT Investments The U.S. Securities and Exchange Commission announced on February 27, 2020, that it had settled charges it lodged against Wells Fargo Clearing Services and Wells Fargo Advisors...
Celebrity Endorsements and Investments | MI Securities Law Firm
The psychology behind celebrity endorsements of products seems simplistic. The human brain recognizes celebrities similarly to how it recognizes people we actually know.1 People feel that they know the celebrity and that they can trust the celebrity and when that...
SEC Charges Radio Investment Show Host with Defrauding Retirees
Keith Springer hosts the Smart Money with Keith Springer radio show which is broadcast on iHeartRadio, as well as on KFBK in the greater Sacramento, California, area. The U.S. Securities and Exchange Commission recently charged Springer and the firm he owns, Springer...
SEC Charges Healthcare Advertising Firm with Fraud | Michigan Securities Attorney
SEC Charges Former Executives of Healthcare Advertising Firm with $1 Billion Fraud Outcome Health, formerly named ContextMedia, offers their clients, which are primarily pharmaceutical companies, the opportunity to display the client's ads on televisions and other...
SEC Files Charges Against Binary Options Brokers
SEC Files Charges Against Binary Options Brokers LBinary and Ivory Options Two citizens of Israel, Anton Senderov and Lior Babazara (also known as Lior Bar), were charged by the U.S. Securities and Exchange Commission (SEC) on October 9, 2019, with causing over 2,800...
SEC Charges Spartan Securities Group and Island Capital Management with Fraud
SEC Charges Spartan Securities Group and Island Capital Management with Creating and Selling Fraudulent Companies In recent years, the micro-cap market has seen increased scrutiny by the Securities and Exchange Commission (SEC). On February 20, 2019, the SEC filed a...
SEC Stops a Ferndale Michigan Securities Fraud Scheme
Antonio and John Bravata Stopped by SEC from Once Again Defrauding Investors Antonio M. Bravata, from Ferndale, Michigan, and his father, John Bravata, who is currently in prison, have been prevented from once again defrauding investors across Michigan and the nation....
IRS Cracks Down On Virtual Currency Owners
For tax purposes, the U.S. Internal Revenue Service (IRS) treats virtual currency and cryptocurrency as property. Taxpayers who receive virtual currency or cryptocurrency as payment for goods or services are required by the IRS to include the fair market value of the...
SEC Updates List of Firms Using Inaccurate Information Seeking Investors
PAUSE before you invest: Check the Recently Updated SEC List of Firms Using Inaccurate Information to Solicit Investors Several minutes of online research could protect your entire life savings. The U.S. Securities and Exchange Commission (SEC) recently updated its...
Merrill Lynch Pays $8 Million to Settle SEC Charges | MI Securities Law Firm
Merrill Lynch Pays $8 Million to Settle SEC Charges of Improper Handling of "Pre-Released" American Depositary Receipts (ADRs) American Depositary Receipts (ADRs) have been around since J.P. Morgan's predecessor pioneered the concept in 1927 as an easier way to...
Two Michigan Men Charged by SEC for Day-Trading Scheme
Two Michigan Men Charged by SEC for Roles in Fake Day-Trading Scheme There is a truth in investing that if a deal seems too good to be true, it probably isn't true. We all want a good bargain. Unfortunately, crooks and scammers know that, and they use these great...
Birmingham Michigan Financial Adviser Charged in $4 Million Investment Scam
On August 9, the U.S. Securities and Exchange Commission charged a former registered representative, John C. Maccoll, who was affiliated with the Birmingham, Michigan, branch of UBS Financial Services1, with defrauding brokerage customers out of almost $4 million in...
SEC Charges Major Investment Firms with Misconduct
The Securities and Exchange Commission (SEC) has been busy protecting investors this summer and has brought charges against some larger investment firms, including Morgan Stanley Smith Barney and Merrill Lynch. Morgan Stanley Smith Barney (MSSB) was charged by the SEC...
Southfield Investment Adviser Fined and Barred by the SEC | Michigan Securities Attorney
Broker fined, barred by SEC for cherry-picking By Ryan Neal Investment News SEC issues cease-and-desist order to brokerage, trader Agency says Roger Denha unfairly allocated investment profits to personal, family accounts SEC alleges broker obtained $412,230 in...
SEC Improves Assistance to Investors through New Investor Protection Search Tool and Roundtables with Chairman
In their ongoing effort to improve investor protection, the U.S. Securities and Exchange Commission (SEC) has recently launched two new initiatives. One is a new search tool aimed at helping investors avoid potential investment fraud.1 The other initiative is "Tell...
Wells Fargo Advisors Settles SEC Charges
The SEC, Securities and Exchange Commission, has charged Wells Fargo Advisors with misconduct in the sale of MLIs to retail investors. MLIs are known as market-linked investments. This financial misconduct has imposed substantial costs on retail customers. Without...
Investment 101: Be Careful Who You Trust
Agatha Christie, the popular detective novel author, was once quoted as having said that where large sums of money are concerned it is advisable to trust no one. A federal court indictment issued on March 29 once again bears out the wisdom of Ms. Christie's statement....
Cryptocurrency Investment Warning: SEC Halts Alleged Initial Coin Offering Scam
Traditionally when purchasing goods or services, Americans used money, issued by the U.S. government and its fiscal agent, the Federal Reserve System. Then, in 2009, Bitcoin, the first cryptocurrency, was created. Wikipedia defines cryptocurrency as a digital asset...
Unregistered Broker Illegally Brokers Securities Sales
Edwin Shaw LLC, a New York based company, has been charged by the Securities and Exchange Commission with illegally brokering dozens of investments by foreign nationals seeking legal residency through the federal government’s EB-5 Immigrant Investor Program. The case...
Manipulative Trading with U.S. Microcap Stocks
Millions of investors have lost money through brokerage fraud, misconduct and mismanagement. The following is an article about securities fraud involving a pump and dump scheme. SEC Charges U.K. Brokerage Firm, Investment Manager, CEO, and Others for Manipulative...
Exchange – Traded Notes and Risk
Below is a great article written by John Waggoner about exchange-traded notes. Exchange-traded notes add another layer of risk ETNs tied to volatility took a beating when stocks plunged The collapse of the VelocityShares Daily Inverse VIX Short Term ETN (XIV) this...
Florida Penny Stock Investors Defrauding Elderly Investors
In the financial world of stocks, there is plenty to be leery about. Unfortunately, the elderly are a prime target for scammers. It is also unfortunate that many swindlers are repeat offenders. The SEC is working to “crack down” on individuals who have previously...
Recognizing the Signs of Investment Fraud Targeting Federal Retirement Investors
The SEC Warns Against Investment Fraud That Targets Seniors and Federal Retirement Investors In an effort to reduce potential securities investment fraud, the SEC is warning senior investors, retirees, and those with federal retirement investments to be leery of...
Pump and Dump Scheme Basics
Avoid financial losses by learning the basics of the common pump and dump scheme. What is Pump And Dump? Unscrupulous investors heavily promote a stock they plan to temporarily hold until the stock price is artificially boosted/inflated through false promotion,...
Former Michigan State Representative Under Investigation for Securities Fraud
Former Michigan State Representative, Fulton Sheen, Under Investigation for Securities Fraud Earlier this year, the Michigan Department of Licensing and Regulatory Affairs (LARA), Corporations Securities & Commercial Licensing Bureau (CSCL) issued notices and...
Common Forms of Stockbroker Misconduct
Help your Clients: Watch for Financial Advisor/Stockbroker Misconduct or Negligence Financial Crime and stockbroker misconduct has increased in recent years. Many of its victims are unaware of their plight until their CPA raises questions about their portfolio of...
Securities and Licensing Bureau Revokes Registrations of Local Michigan Investment Advisors
Michigan Revokes Registrations of Investment Advisor Representative, Anthony Cherniawski and The Practical Investor LLC After Mulitple Complaints of Significant Financial Losses This September, Michigan LARA’s Corporation Securities & Commercial Licensing Bureau...
Michigan Broker Facing Securities Fraud Charges
Shelby Township Broker, Ernest J. Romer, III, Facing Securities Fraud Charges From Michigan’s Licensing And Regulatory Affairs Department (LARA) August 2017- A Cease and Desist Order has been issued by Michigan’s Licensing and Regulatory Affairs Department (LARA)...
Malaysian Scandal – Efforts at Recovery of Losses
Final part in the Malaysian Scandal Series – Attorney Peter C. Rageas Helping Investors Recover Loses While Malaysia and Abu Dhabi are moving to clean up one part of the scandal: who would pay back investors who bought the bonds, it isn’t out of the woods yet. The Abu...
Malaysian Scandal – Helping Investors Recover Losses
Malaysian Scandal – Attorney Peter C. Rageas Helping Investors Recover Losses US Authorities Fight Against Illicit Finance US authorities allege that the stolen funds were funneled via a series of bank accounts and shell companies to partly finance the purchase of...
Securities Fraud Awareness in Michigan
As individuals invest their precious income, they depend on the veracity of the securities and commodities markets. Rest assured, that your government is actively investigating criminal activity in the financial markets, that could potentially harm investors. Although...
Ex Campbell Mayor Pleads Guilty in Securities Fraud Case
Securities fraud, is a deceptive practice in the stock or commodities markets. Typically this practice entices investors to make sale or purchases on the basis of false information. This information frequently results in losses and is in violation of securities laws....
What is securities fraud in Michigan
Also known as investment fraud or stockbroker fraud, securities fraud is a misleading practice in the investment markets (stock or commodities) that persuades investors to make purchase or sale decisions on the basis of fraudulent information. Inevitably, such...
SEC Charges Paxton With Securities Fraud
Yet another charge brought forth by the SEC, this time charging Ken Paxton for allegedly misleading investors in a technology company. The U.S. Securities and Exchange Commission filed the charges earlier this year. Paxton is faced with three felony counts, and has...
Securities and Exchange Commission Cracking Down on KGTA’s Fraudulent Trading Business
The Securities and Exchange Commission in text book fashion filed an emergency civil action in federal court charging principals in KGTA for participating in fraud. The SEC alleged investors were told that KGTA bought and resold refined fuel products, of which did not...
Christopher Tolmacs Banned from Securities Industry for Alleged Promissory Note Fraud
Christopher Tolmacs Allegedly Made Materially Misleading Statements and Omissions in Connection with Lending Arrangements with Customers Arrangements of His Brokerage Firm Christopher Tolmacs was permanently barred from the securities industry following an...
What is Securities Fraud and How Can a Fraud Attorney Help?
In general terms, fraud such as investment or securities can occur when a broker makes false statements regarding a company or the value of the related stock. The victims typically will make financial decisions based on such false information. Fraud can be at times...
Why Proving Securities Fraud is Important
Securities Litigation and Steps to Proving Fraud In the world of securities litigation, there are many factors to consider when making a claim. Ultimately it will come down to the facts and you best be prepared. Many article on the interenet discuss this topic....
Attorney Detroit Michigan Talks About Prosecution of Securities Fraud
Michigan Fraud Attorney, Peter C. Rageas has always been ready to examine and prosecute securities fraud Our focus on monetary fraud flows from a dedication to longstanding principles and goals that our markets should be fair. In service of these objectives, we have...
Michigan targets money scams against seniors
Michigan's New Laws for Securities Violations Here's how that would work: Michigan's new law provides an additional $500,000 penalty for securities violations involving investors who are age 60 or older. The extra penalty would be on top of a civil fine of $10,000 for...
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