Category: General
SEC Issues Investor Alert for Seniors – Five Red Flags of Investment Fraud
In an investor alert and bulletin dated July 18, 2016, the United States Securities and Exchange Commission Office of Investor Education and Advocacy noted the following red flags to help senior investors identify possible fraudulent schemes which have been targeting seniors. These include: Unregistered and unlicensed sellers Promises of higher returns with little or no […]
Read PostKey Discovery Rule Decision in Aronstein v. Massachusetts
Key Discovery Rule Decision in Aronstein v. Massachusetts Mutual In a Decision handed down on April 22, 2016, the Honorable Mark G. Mastroianni, United States District Judge, for the District of Massachusetts, upheld the right of an investor, in a class action lawsuit against Massachusetts Mutual Life Insurance Company, to proceed with his underlying claims […]
Read PostThink Twice Against Borrowing Against Your Pension
The New York State Department of Financial Services (DFS) and the Consumer Financial Protection Bureau (CFPB) have initiated action against two companies involved in soliciting pension advance loans from unsuspecting consumers. The suit against Pension Funding, LLC and Pension Income, LLC alleges that the companies deceived individuals into taking loans against their pensions, hiding high […]
Read PostFINRA Warns Against High-Yield CD Offers
In an investment alert dated February 9, 2016, the Financial Industry Regulatory Authority (FINRA) warned investors that high-yield CD offers can be big for high-commission investments. The investor alert warns against sales pitches designed to trick unsuspecting investors into purchasing very costly, potentially risky investments which are not in fact FDIC insured CD like products. […]
Read PostSophisticated Investor Standard for Private Placements?
On December 18, 2015 the United States Securities and Exchange Commission issued a Report on the Review of the Definition of “Accredited Investor.” The fringe market involving the sale of private placement investments to qualified investors pursuant to exemptions under Regulation D have exploded in the past ten years. Regulation D is an exception to […]
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- Securities Litigation
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- Transfer on Death (TOD) and Death Beneficiary Accounts and the Perils of DIY Estate Planning
- A Successful Will Contest
- SEC Issues Required Investor Disclosures for Variable Annuities and Variable Life Insurance Contracts