ATTORNEY NEWSLETTER Securities and Exchange Commission Rewards Whistleblower Under Dodd-Frank Whistleblower’s “Significant Information” Led To Recovery For Investors Dodd-Frank Awards Under the U.S. Securities and Exchange Commission’s (SEC) Whistleblower Program, securities fraud whistleblowers who report crimes that result in enforcement actions of $1 million or more can become eligible for […]

ATTORNEY NEWSLETTER Securities and Exchange Commission Rewards Whistleblowers Any Securities Fraud Can Be The Basis of a Whistleblower Case Awards Under Dodd-Frank Act Growing In June, the U.S. Securities and Exchange Commission (SEC) awarded $50 million to an individual whistleblower who provided detailed, firsthand observations of misconduct by a company, […]

ATTORNEY NEWSLETTER Ponzi Schemes Increasingly Target Older Investors After years of savings and with the children educated and on their own, seniors should take comfort in a nest egg for future years. But unscrupulous brokers, insurance agents and stock promoters target seniors for just the same reason – there’s money […]

ATTORNEY NEWSLETTER Investigations of Possible Wrongdoing at GPB Capital Our litigators have written before about risks associated with private placement investments. [1] Private placements are offerings of unregistered securities companies use to raise capital.  Private placements are subject to regulation by the U.S. Securities and Exchange Commission (SEC) under the […]

ATTORNEY NEWSLETTER Preventing Fraud and Abusive Practices Always Check Backgrounds Before You Buy Hopefully, you already check the backgrounds of any contractors or caregivers or others you let in your home to do work. Checking the background of anyone trying to sell you an investment is equally important!  The Securities […]

ATTORNEY NEWSLETTER FINRA Concerns With L Share Annuities L Share Variable Annuities are a type of variable annuity where the surrender charge period under the contract is shortened to three or four years but administrative fees and mortality expense rates are higher. L-Shares are also often sold with long-term riders […]

ATTORNEY NEWSLETTER Financial Exploitation of Seniors Financial Elder Abuse from Caregivers, Insurance Agents, Advisors and More Financial exploitation of aging adults, particularly those with Alzheimer’s disease or other types of dementia, is a rampant form of elder abuse on seniors. These crimes are so widespread today that elder financial abuse […]

ATTORNEY NEWSLETTER Seniors: Watch Out for Financial Fraud From Planners, Stockbrokers and Financial Advisors If You’re a Victim, We Can Help Unscrupulous financial advisors, retirement planners and stock brokers prey on seniors in particular. In some cases, the broker/advisor has a history of preying on the elderly but the brokerage […]

ATTORNEY NEWSLETTER Greater Disclosures Still May Not Tell The Full Story Variable annuities and variable life insurance contracts are expensive, complex securities sold by prospectuses and subject to regulation by the U.S. Securities and Exchange Commission (SEC).   This week, the SEC announced proposed rule changes intended to improve disclosures for […]

ATTORNEY NEWSLETTER Unraveling The Woodbridge Ponzi Scheme Former CEO To Pay $120 Million Fine Robert Shapiro, former chief executive officer of the Woodbridge Group of Companies, has reportedly agreed to pay $120 million to the Securities and Exchange Commission (SEC) to settle allegations he defrauded investors in a massive $1.2 […]