Category: Investment Fraud

ATTORNEY NEWSLETTER The Securities and Exchange Commission has announced a $600,000 reward for a whistleblower for the first time in a retaliation claim. The whistleblower, a former hedge-fund trader for Paradigm Capital Management, faced retaliation for reporting his concerns about conflicts of interest. The whistleblower received the maximum 30 percent […]

ATTORNEY NEWSLETTER San Mateo County financial elder abuse attorneys say that bank employees can play a significant role in preventing financial elder abuse. Bank workers can often be the first, and possibly only, people in an elderly person’s life who is in a position to detect financial exploitation. Financial exploitation […]

ATTORNEY NEWSLETTER The Financial Industry Regulatory Authority (FINRA) has launched a toll-free line to support senior citizens and advise them on financial matters. The FINRA Securities Helpline for Seniors is designed to help older investors get neutral, informed advice regarding their brokerage accounts and investments, and avoid seniors from becoming […]

ATTORNEY NEWSLETTER Insurance companies and their agents may use various schemes to market and sell deferred annuities. California annuity fraud attorneys want to make consumers, and particularly senior citizens, aware of these schemes. To read more about the risks of deferred annuities and how to prevent them, read our previous […]

ATTORNEY NEWSLETTER Deferred annuities are a financial product that delays payments of income until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which the plan is converted into […]

ATTORNEY NEWSLETTER California stockbroker fraud attorneys say that the United States government is considering a new rule change that would help prevent stockbroker fraud. The United States government is reportedly considering a rule that would require stockbrokers to put their clients’ interests above their own. This would prevent a stockbroker […]

ATTORNEY NEWSLETTER California life insurance and annuity fraud attorneys warn consumers that insurance policy illustrations may be misleading and create heightened expectations for unrealistic results. Illustrations can be a useful way to demonstrate and understand how a policy, such as an indexed universal life policy (IUL), may work. However, they […]

ATTORNEY NEWSLETTER California securities fraud lawyers want to warn consumers, particularly senior citizens, about various types of securities fraud schemes. Seniors can be prime targets for investment scams and fraud, as they often have excellent credit, own homes, and have a nest egg. One such type of fraud that seniors […]

ATTORNEY NEWSLETTER The Supreme Court’s March 2014 decision in Lawson v. FMR LLC serves as a reminder that the SEC does exercise enforcement jurisdiction over private entities, say San Francisco securities fraud lawyers. In Lawson, the plaintiffs were former employees of private entities that provided investment, advisory, and other services […]

ATTORNEY NEWSLETTER FINRA, the national association of securities traders, has published new research on how financial abuse affects victims. The study aimed to look at financial fraud from the victim’s perspective, including their experiences, reactions, and the potential indirect financial costs and non-financial consequences of being defrauded. The report issued […]