Working for Justice

Tag: Investor Fraud

Kick-Backs Put Deutsche Bank in SEC’s Crosshairs

Deutsche Bank is in the news again, this time for false and misleading sales practices. At the heart of a complaint filed by the Securities and Exchange Commission (SEC) was a quid pro quo relationship in which Deutsche Bank offered only those funds whose sponsors agreed to kick-back a portion of their management fees to […]

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Pump and Dump Schemes: The Trojan Horse of Investments

In the realm of financial services, unknowing investors often fall victim to various securities fraud schemes, and one of the more common ones is the “pump and dump.” “Pump and dump” schemes are often associated with penny stock fraud and microcap fraud and are serious violations of the law. The “pump and dump” is a […]

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Investor Trap: Beware of the Churn and Burn

Typically, stockbrokers earn commissions each time an investor enters a securities order to buy stock or a sell stock. Full-service stockbrokers earn higher commissions than online stockbrokers because unlike online stockbrokers, full-service stockbrokers provide investors with the added service of advising you when to buy, sell or hold particular investments. Because stockbrokers are paid on […]

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5th Circuit Kills DOL Fiduciary Duty Rule

The average person seeking financial advice for their retirement is unaware that the persons giving them advice are under no obligation to be loyal to their needs, to make prudent investment recommendations for them, or overall to act in their best interest. As a result, over the years many financial advisers motivated by their own […]

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SEC Proposes Regulation to Enhance Investor Protection

In an effort to enhance investor protections, the Securities and Exchange Commission (SEC) is proposing a new rule – Regulation Best Interest – that may come as a surprise to some investors. The SEC’s proposed rule requires your stockbroker to act in your best interest at the time he or she recommends an investment to […]

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Fraudulent Investment Schemes Continue to Plague Investors: Beware of the “Red Flags”

We want to share with you a disturbing tale we heard recently from an investor in a private investment fund. We share this to alert you to “red flags” that signal the high likelihood of investor fraud. If you can spot them, you can better protect yourself from financial predators. The enactment of the Dodd-Frank […]

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Cryptocurrencies: A Virtual Mine Field

Cryptocurrencies, such as bitcoin and ethereum, are intended to serve as a type of digital money that consumers can use in everyday commercial transactions. They may be traded on online exchanges for conventional currencies, including the U.S. dollar, or be used to purchase goods or services, usually online.  But with one bitcoin recently trading at […]

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The CFTC Whistleblower Program: Rewarding Integrity in the Commodities and Derivatives Markets

Posted January 9th, 2018 by in Whistleblower Law.

The U.S. Commodity Futures Trading Commission (CFTC) has established a program to reward whistleblowers that report violations of the Commodities Exchange Act (CEA). The CFTC whistleblower program was created by the Dodd-Frank Act and became effective in October 2011. Under the CFTC’s burgeoning whistleblower program, whistleblowers have been rewarded with individual pay-outs as large as […]

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Whistleblowing Under Dodd-Frank and the Foreign Corrupt Practices Act

Posted December 8th, 2017 by in Whistleblower Law.

Foreign nationals often play a critical role in providing information necessary to successful enforcement actions. This role is particularly important as the United States seeks to crack down on the American corporations engaging in bribery and corruption while doing business abroad. One of the primary tools the United States Government uses to fight corruption is […]

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Investment Fraud – Traps for the Unwary

Financial matters can be bewildering. Stockbrokers are supposed to help simplify the complexities and steer us in the right direction. But sometimes, stockbrokers care more about earning commissions than they do your well-being. It results in customers being stuck with dismal investments. Customers who complain are met with vigorous denials often supported by reams of […]

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