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Securities Fraud Attorney Peter C. Rageas, P.C.
SEC Warns Investors About Relationship-Based Investment Scams
The U.S. Federal Bureau of Investigation reports that in 2024 alone $672 million dollars was fraudulently taken from victims of confidence/romance scams with those over 60, as a group, reporting the most losses and submitting the most complaints to the FBI’s Internet...
FINRA Cracks Down on Firms Withholding Mutual Fund Fee Waivers
The Financial Industry Regulatory Authority (FINRA) has been focused on investment firms that are not reimbursing their customers for mutual fund sales charge waivers and fee rebates. In December FINRA ordered three firms to pay their customers more than $8.2 million...
Protect Yourself from Deceptive Investment Practices and Firms
Investors are continually looking for ways to increase their profits on investments, especially in periods of economic downturn. Investment opportunities are often pitched to investors through social media posts and investment-related chat groups online. In December...
FINRA Annual Regulatory Report and Fraud Reporting
On January 28, 2025 the Financial Industry Regulatory Authority (FINRA) released its Annual Regulatory Oversight Report1 which gives an overview of the organization’s finding from its regulatory operations programs. A section of the report is dedicated to Financial...
Protect Investments from Generative Artificial Intelligence
There has been a lot of discussion in recent years about the power of artificial intelligence, often referred to as AI, which basically is” intelligence exhibited by machines, such as computer systems, ... that enables the machines to perceive their environment and...
Morgan Stanley Smith Barney Settle SEC Charges
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...
JPMorgan Chase Affiliates to Pay Millions in Fines
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....
SEC Charges “Magic Mushroom” Company with Pump and Dump Scheme
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...
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...
Drive Planning LLC and its Founder are Charged in Ponzi Scheme
SEC Charges Drive Planning LLC and its Founder with $300M Ponzi Scheme A Ponzi scheme is defined as an investment scam that promises a high rate of return with little risk to the investor and is one where early investors are paid with money taken from later investors...
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