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Securities Fraud Attorney Peter C. Rageas, P.C.
SEC and FINRA Warn Against Social Sentiment Investment Tools
SEC and FINRA Jointly Issue Warning About Social Sentiment Investment Tools Social media is here to stay despite news reports about privacy, data leaks, fake news, censorship and other controversies which have surfaced in the last several years. The annual Pew...
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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...
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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...
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Ohio Broker Charged by SEC in $1 Million Ponzi Scheme
John G. Schmidt appeared to be someone you could really trust to advise you on financial matters. He had 35 years of experience as a registered broker-dealer representative. He had his Financial Industry Regulatory Authority (FINRA) Series 7, 24, 63 and 65 licenses....
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New Research Reveals a Major Flaw in FINRA’s BrokerCheck System
It has often been advised by many financial service industry leaders, including the U.S. Securities and Exchange Commission (SEC), that prior to making any investment decision, investors need to research the broker who is pitching the investment. One of the most...
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Increase in Investment Fraud Due to Financial Advisers
U.S. Experiencing an Upswing in Fraud Perpetrated by Financial Advisers Bernard (Bernie) Madoff is one of the most recognized criminals in the investment world, having perpetuated the largest Ponzi scheme in U.S. history by fraudulently stealing $65 billion in...
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Two Florida Merchant Cash Advance Companies with Nationwide Investors File for Bankruptcy — Now Under SEC Investigation
In July, two Hallandale Beach, Florida, companies, 1 Global Capital, LLC*, and its sister company, 1 West Capital, filed for Chapter 11 bankruptcy protection. The two companies, which had the same owner, Carl Ruderman, provided short-term cash advances called Merchant...
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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...
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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...
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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...
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