Tagged with "doj"

DOJ Accuses Advisors of $5M Fraud Amid Lawsuit Against Trump Attorney

Posted on August 4th, 2023 at 1:08 PM
DOJ Accuses Advisors of $5M Fraud Amid Lawsuit Against Trump Attorney

The Justice Department has charged investment advisor brothers Adam and Daniel Kaplan with wire and investment fraud and money laundering. 

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DOJ Charges Maryland Advisor with Wire Fraud and Aggravated Identity Theft

Posted on May 3rd, 2021 at 9:20 AM
DOJ Charges Maryland Advisor with Wire Fraud and Aggravated Identity Theft

Earlier this month, the Department of Justice charged financial advisor Eddy Blizzard with both wire fraud and aggravated identity theft.

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DOJ Charged Former LPL Advisor with Defrauding Clients in $5 Million Ponzi Scheme

Posted on October 7th, 2019 at 3:22 PM
DOJ Charged Former LPL Advisor with Defrauding Clients in $5 Million Ponzi Scheme

The Department of Justice (“DOJ”) has charged former broker James T. Booth for defrauding his clients of approximately $5 million over the course of a yearlong Ponzi scheme.

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CFTC Focuses on Whistleblowers as Enforcement Increases

Posted on September 26th, 2019 at 4:56 PM
CFTC Focuses on Whistleblowers as Enforcement Increases

The U.S. Commodity Futures Trading Commission ("CFTC") is actively calling for whistleblowers who may know about misconduct as it extends enforcement to areas usually controlled by the U.S. Department of Justice (“DOJ”) and the Financial Crimes Enforcement Network.   

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LATEST NEWS AND ARTICLES

April 18, 2024
SEC Fines Target Off-Channel Communications

The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.

April 17, 2024
B. Riley Financial Again Delays Filing Audited Results

B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.

April 16, 2024
Former Wells Fargo Advisor Accepts Industry Bar Amidst Misuse of Client Funds Allegations

A former advisor with Wells Fargo Advisors Financial Network (FiNet) in Chicago, Jayson R. Pocius, has agreed to accept an industry bar rather than cooperate with a
Financial Industry Regulatory Authority (FINRA) investigation into allegations of misusing client funds.