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Securities Fraud Attorney Peter C. Rageas, P.C.
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...
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