Category: Investment Fraud

ATTORNEY NEWSLETTER Free Lunch Seminars and Ads Push “Financial Strategies” If It Sounds Too Good To Be True, It Usually Is Take Your Time and Do Your Homework Older adults are too often the targets of annuity salespeople intent on earning a sales commission.  Sales tactics include free lunch or […]

ATTORNEY NEWSLETTER Foreign Exchange Options Trading Fraud Commodity Futures Trading Commission Polices FX Options CFTC Announces $7 Million Civil Penalty For FX Trading Fraud The U.S. Commodities Futures Trading Commission (CFTC) polices the options trading markets in the U.S., including the market for foreign exchange options, also known as FX […]

ATTORNEY NEWSLETTER SEC Offers Important Suggestions For Senior Investors Know The Investment Professional Or Salesman You Deal With Ask Questions And Never Be Rushed Into Decisions The U.S. Securities and Exchange Commission (SEC) in recent years has focused considerable enforcement efforts on financial elder abuse and fraudulent investment schemes aimed […]

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Polices Bitcoin Trading Enforcement Action Charges Broker With False Representations  Customers Lose $7.4 Million In Bitcoin Investments On October 2, 2020, the U.S. Commodity Futures Trading Commission (CFTC) ordered a broker to pay $7.4 million[1] in restitution to two investors for making fraudulent representations […]

ATTORNEY NEWSLETTER Securities and Exchange Commission Rewards Whistleblowers Any Securities Fraud Can Be The Basis of a Whistleblower Case Reporting Domestic And Offshore Securities Fraud On June 4, 2020, the U.S. Securities and Exchange Commission (SEC) awarded $50 million to an individual who provided detailed, firsthand observations of misconduct by […]

ATTORNEY NEWSLETTER U.S. Commodity Futures Trading Commission Wants Whistleblower Help Blowing The Whistle On Fraud CFTC Announces Large Whistleblower Award The U.S. Commodity Futures Trading Commission (CFTC) rewards individuals who provide original information to the CFTC about fraudulent trading schemes in futures, options, foreign currency, virtual currency and commodities like […]

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Wants Whistleblower Help Individuals May Submit Reward Claims Information Can Lead To Investigation Even If Not Exact The U.S. Commodity Futures Trading Commission (CFTC) announced on January 27 that it settled fraud allegations against a commodity pool operator and its CEO for over $10 […]

ATTORNEY NEWSLETTER What are Income Riders? Are They Worth The Annual Fee? Understanding the “Phantom Account” of an Income Rider Our lawyers recommend you avoid annuities and life insurance, especially if you are a senior. Also, be particularly wary when an agent tries to sell you policies with “enhanced” features […]

ATTORNEY NEWSLETTER Resist The Annuities Sales Pitch Sales Commissions And Annual Fees Erode Returns Bonds And Other Fixed Income Investments Carry No Penalties The lawyers at Evans Law Firm, Inc. recommend against annuities especially for seniors, because commissions, fees and surrender penalties reduce returns and make it expensive to get […]

ATTORNEY NEWSLETTER Ponzi Schemes Increasingly Target Older Investors One Red Flag: Promises of Guaranteed High Returns In a Ponzi scheme, fraudsters use money they collect from new investors to pay existing investors. What appears to be a return on your investment is actually money from another investor who has been […]