New Yorkers might be interested to learn that a big law partner at two major law firms in Washington, D.C., has agreed to a three-year suspension of his law license following his conviction for insider trading. The man previously worked as an intellectual property partner at Arent Fox and Hunter & Williams in Washington, D.C. […]
With commission based accounts, brokers make a commission or fee every time they trade a stock. Some unethical brokers may engage in an activity known as “churning.” Churning occurs when a broker engages in excessive trading designed to pad their bottom line while doing nothing for and on most occasions harming their clients. It’s a […]
Insider trading occurs when a person learns of an event that is likely to affect a company’s stock price. The event may either have a positive or a negative impact on the stock’s price. The individual must then make a trade based on information that is not available to the public. Most often, the perpetrators […]
The Securities and Exchange Commission (SEC) is accusing a former Florida man of operating a “long-running scheme designed to deceive investors,” a plan that netted tens of millions of dollars from unwitting victims. According to the SEC’s allegations, the Sarasota man founded a hedge fund company in 2012, claiming its main sub-fund focused on U.S.-listed financial […]
Giving a professional authority over your investments can be a great way to make the most of your money. There is also the chance that your broker will misuse that power. As an investor, you may be noticing some odd things happening. Don’t sit on suspicions that you may have. Start looking for these signs […]
Investors in New York need to be aware of financial statements fraud when they are trying to determine whether to invest in stocks. This is a type of securities fraud that is prevalent within corporate America. There are several signs that a company has manipulated its financial statements that investors should watch for before they […]
The SEC has filed lawsuits against two companies for making misrepresentations about COVID-19 testing kits and scanning equipment. Applied Biosciences Corp. and Turbo Global Partners Inc. were both suspended from stock trading in April due to concerns about false claims. Unapproved home testing kits According to the SEC, Applied Biosciences began marketing products designed to […]
Whether you’re a first-time investor or you have been doing it for years, you should always be on the lookout for scams. Before you make any commitments, be sure that you know how to spot and avoid a Ponzi scheme. Here are some red flags to look out for. Low-risk, high reward Be wary of […]
The Financial Industry Regulatory Authority (FINRA) is an organization designed to protect investors by ensuring broker-dealers operate ethically. One of the ways FINRA accomplishes this goal is by using the arbitration process to help settle disputes. Arbitration involves the use of an impartial intermediary who listens to the arguments from both sides. The arbitrator or […]
Traders in New York and throughout the country can make significant profits trading cryptocurrencies such as Bitcoin or Ether. However, traders or investors must understand how these currencies differ from traditional currencies such as a dollar. In most cases, the price of digital coins tends to based solely on supply and demand. While they can […]