There are many reasons why the clients of investment professionals might take legal action. In cases where clients believe that brokers and investment advisors breached their fiduciary duty, it may be possible to hold them accountable for the impact of their...
It has often been said that money makes the world go round, and if you look at the world of finance, you could believe that to be true. After all, this is a place where fortunes are made and lost in the blink of an eye. If you invest other people’s money, it’s easy to...
New York residents who have seen Hollywood films like “The Wolf of Wall Street” and “Boiler Room” will be familiar with pump-and-dump schemes. The dishonest traders that operate them make misleading or exaggerated statements to convince investors that a stock they own...
The U.S. Attorney’s Office for the Southern District of New York has announced that a Chinese expatriate has been arrested in connection with a massive fraud scheme. The man is accused of bilking his hundreds of thousands of online followers out of more than $1...
Defining securities fraud Securities fraud is a very broad term covering several illegal activities in the marketing and sales of various investments. According to the FBI, securities fraud can include a variety of pyramid schemes, broker embezzlement schemes,...
The pump and dump may be described as a manipulative scheme designed to boost a stock price through fraudulent recommendations. The recommendations are based on misleading, false or greatly exaggerated claims. The perpetrators of this illegal scheme are already...
Securities fraud in New York is a serious crime and one with grave consequences. There are suitable reasons to avoid such fraud and make sure you litigate correctly if accused. The statistics make the need to invest fairly evident. Be mindful that the Security and...
Late trading refers to an illegal practice in which after-hours trades are recorded as having been made before a mutual fund’s calculation of its current daily net asset value. The purpose of this is to take advantage of a price that was better prior to the new daily...
One of the U.S. Securities and Exchange Commission’s (SEC) primary roles is to enforce federal securities regulations and laws. New York’s Investor Protection Bureau (IPB) maintains oversight over any state securities code violations. Both of these agencies engage in...
Residents of New York may hear about insider trading happening in their home state often. This is an understandable assumption as New York City is the country's economic hub. However, insider trading can occur in any part of the country at any time. But what exactly...