Recently, we discussed the relatively new Regulation Best Interest (Reg BI) promulgated by the Securities and Exchange Commission (SEC) that imposes on broker-dealers an enhanced standard of care toward their retail customers. Since June 30, 2020, broker-dealers and...
June 30, 2020 was the deadline for compliance with new standards of conduct for broker-dealers in their professional relationships with retail clients. To that end, the Securities and Exchange Commission (SEC) adopted new regulations, including Regulation Best...
In part 1 of this post, we talked about the role of the Financial Industry Regulatory Authority (FINRA) as a forum where investors can arbitrate claims of negligence, improper investment or fraud against their brokers or brokerage firms for problematic investments...
Performing an internet search for information about investment fraud reveals an almost shocking number of news stories on the topic. For example, a former broker and investment advisor was indicted on Aug. 5 in federal court for mail and securities fraud for allegedly...
Financial fraud is an insidious and highly pervasive threat facing Americans. Anyone can fall victim to such predatory activity, but research has shown that senior citizens are at a much high risk of being attacked by these scammers. MSNBC reported in 2019 that these...
While many of the individuals who own shares in a company ultimately have a very small ownership stake in it, all shareholders generally feel the financial impact when the company that they invested in is discovered to have violated securities laws. It's in instances...
Seven years ago, when the documentary Blackfish was released, many people predicted that it would lead to the end of SeaWorld. The 2013 film addressed SeaWorld's treatment of its captive orcas and the impact that captivity had on their well-being -- causing them to...
The so-called "Crypto Mom", who earned her nickname because of her ardent support of cryptocurrencies, has a new plan to let firms move these digital assets. It appears to be a long shot, but it will be worth keeping an eye on it.The woman has been called the "U.S....
A lot of people are more concerned about private security than private securities. But more and more individuals and companies are looking to securities litigation as a good way to protect wealth and interests in the market.Is securities litigation a big part of the...
Investors in Kentucky and other parts of the United States are protected by both federal and state securities regulations known as Blue Sky laws. These rules are in place to protect investors from falling prey to deceptive sales tactics and other fraudulent...
