Tagged with "Investors"

SEC Amends Definition of Accredited Investor

Posted on August 27th, 2020 at 2:20 PM
SEC Amends Definition of Accredited Investor

The U.S. Securities and Exchange Commission (“SEC”) announced that it has amended the definition of “accredited investor.”

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Tips for Investors Who Have Suffered Losses (or, It’s Low Tide--Who Has Been Swimming Naked?)

Posted on March 18th, 2020 at 1:37 PM
Tips for Investors Who Have Suffered Losses (or, It’s Low Tide--Who Has Been Swimming Naked?)

Investors undoubtedly have suffered losses during the most recent market downturn. Do these investors have recourse to recover those losses in securities arbitration? To answer that question, let’s explore three fertile areas of recovery.

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The SEC's New Bulletin on Indexed Annuities

Posted on August 29th, 2019 at 3:58 PM
The SEC's New Bulletin on Indexed Annuities

The Securities and Exchange Commission's Office of Investor Education and Advocacy recently issued a bulletin to educate investors about indexed annuities. Indexed annuities are complex products, and as such investors should carefully read the indexed annuity contract and any prospectus, before buying the annuity. Let's highlight the key points of the bulletin.

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SEC Charges Fuel Cell Company with Defrauding Investors

Posted on February 23rd, 2017 at 8:49 AM
SEC Charges Fuel Cell Company with Defrauding Investors

The SEC charged a California-based penny stock company, along with four corporate officers, with misleading investors about the research, development, and profitability of its purported business to manufacture power generation products such as fuel cells.

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SEC Charges Connecticut Based Investment Advisory Firm With Stealing Investor Funds

Posted on February 6th, 2017 at 9:07 AM
SEC Charges Connecticut Based Investment Advisory Firm With Stealing Investor Funds

The Securities and Exchange Commission has charged a Connecticut-based investment advisory firm, Sentinel Growth Management and its founder Mark J. Varacchi with stealing money from investors. 

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FINRA Fines Houlihan Capital and President David Smith

Posted on December 20th, 2016 at 9:34 AM
FINRA Fines Houlihan Capital and President David Smith

Houlihan Capital, LLC of Chicago, Illinois has submitted a Letter of Acceptance, Waiver and Consent (AWC) for its participation in the offering of a private placement of securities for a companyseeking to raise $5 million through the sale of subordinated convertiblepromissory notes. 

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Ponzi Scheme Operator Charged with Fraud

Posted on November 23rd, 2016 at 9:33 AM
Ponzi Scheme Operator Charged with Fraud

Carlos Maldonado, owner of Business Planning Resources International Corporation (BPRIC), and associated under the incorporation documents with Pet Card Systems, Inc., and Datavos Corporation, was arrested and charged with securities fraud and bank fraud . 

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SEC Charges Texas Company and Its President in Oil-And-Gas Scheme

Posted on November 21st, 2016 at 12:13 PM
SEC Charges Texas Company and Its President in Oil-And-Gas Scheme

The SEC filed charges on October 24 against Southlake Resources Group, LLC, its president, Cody M. Winters, and its vice president, Nicholas R. Hamilton. 

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Illinois Investment Firm Owner Sentenced to Five Years for Ponzi-Scheme

Posted on November 14th, 2016 at 9:59 AM
Illinois Investment Firm Owner Sentenced to Five Years for Ponzi-Scheme

Stephen C. Browere, 57, of Geneva, Illinois, has been sentenced to five years in federal prison for using client money to purchase luxury items and to trade his own stock.

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Stockbroker Pleads Guilty in Securities Fraud

Posted on November 12th, 2016 at 9:00 AM
Stockbroker Pleads Guilty in Securities Fraud

A Boca Raton, Florida stockbroker named Gerald Cocuzzo who worked at Newbridge Securities Corporation, has pled guilty to participating in a $131 million securities fraud and could face up to 20 years in prison. 

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LATEST NEWS AND ARTICLES

December 3, 2021
FINRA Issues Fine to Small Advisory Firm Over Material Misrepresentations

The Financial Industry Regulatory Authority has censured and issued a $250,000 fine to a Los Angeles-based advisory firm, WestPark Capital Inc., for making material misrepresentations pertaining to promissory notes offered by its parent company.

December 2, 2021
FINRA Imposes Suspension on Ohio-Based Advisor Over Outside Investments

The Financial Industry Regulatory Authority (FINRA) has issued a one-year suspension and $12,500 fine to an Ohio-based advisor, William LeBoeuf, who worked at Merrill Lynch and Cetera Advisor Networks when the violations occurred.

December 1, 2021
SEC Charges Former Illinois Edward Jones Advisor With Fraud

The Securities and Exchange Commission (SEC) has charged a former Illinois-based investment advisor, Ronald Molo, with defrauding three clients out of at least $800,000.