The United States Securities and Exchange Commission (SEC) recently welcomed a new leader. The agency’s new enforcement director, former New Jersey Attorney General Gurbir Grewal, has taken on this role shortly after his predecessor, Alex Oh, resigned. Ms. Oh left the...
Securities Litigation
The battle against financial exploitation of senior citizens
Of all the demographics most victimized by financial abuse, the senior population seems to be the easiest of targets for scammers. These “predators” know their “prey” quite well, using that insight to effectively steal significant amounts of money. In response to this...
The complexity of securities litigation
Securities litigation is often the result of particular and potentially illegal circumstances where investors lose money in their investments. While risks of significant gains and losses are always a possibility, legal action becomes important when alleged wrongful...
Online scams show no signs of slowing
Online scams take various forms. While many potential victims chalk up the promises of vast wealth as bogus, others fall victim and end up losing significant amounts of money. In 2020 alone, US citizens reported nearly 800,000 online scams that resulted in financial...
Securities fraud and scams on the rise during challenging times
The current pandemic changed many things. A significant world event launched substantial changes that result in uncertainty combined with chaos. With the onset of the COVID-19 spread creating an unpredictable environment, scammers predictably took advantage of, if not...
Can brokers conduct transactions without a customer’s permission?
As a broker, you have the fiduciary duty to protect the accounts of your customers. Part of your duty is making sure you have their approval before making any transactions. Some of your customers may enter into agreements that allow you to proceed without consulting...
The precipitous plunge of a motor vehicle magnate
Trevor Milton was on a roll. After founding four relatively successful companies, selling one for nearly $16 million, the establishment of Nikola brought him fame along with his fortune. The company hyped heavy trucks operating on electricity or hydrogen. With the...
Seeking new investors can be a hazard for securities fraud
When you have a new business idea, you may be ready to hit the ground running. To do so, however, you will need capital – perhaps more capital than any one source will provide. Private investors can open doors for Florida entrepreneurs and businesses. However, you...