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Former stockbroker on trial, accused of securities fraud

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A former stockbroker recently went to trial after he pleaded not guilty to a number of serious charges. Charges for mail and wire fraud are just two of the 11 criminal counts. Investors in a state bordering New York say they suffered significant losses because of the broker’s actions, which is sadly not an uncommon […]

New rule may allow more people to take part in pre-IPO investing

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Pre-IPO investing has always been walled off from most Americans. Under longstanding rules, these stock purchases were generally limited to people deemed “accredited investors” – those with at least $1 million in assets outside the home, or an income of at least $200,000 annually. 2020, however, could see significant changes to the definition of an […]

Investment fraud victim secures $900,000 in damages

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There are many benefits to investing, including creating sources of passive income and building wealth. Aside from the many benefits there is a risk of losing money, but perhaps investment fraud is perhaps an even greater risk. Some investment advisers and brokers in New York are eager to take advantage of clients, sometimes defrauding them […]

3 Ways to recognize a pyramid scheme

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A pyramid scheme is an investment scheme that requires investors to recruit new investors with the promise of being reimbursed with the money that those later investors contribute. Unfortunately, many schemers manage to get away with running pyramid schemes because they operate under the guise of multi-level marketing practices. In New York, multi-level marketing practices […]

Did my broker commit securities fraud?

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There is no such thing as risk-free investing. This is why New York investors should be as informed as possible when deciding how and when to invest their money. Like many others, you probably trusted your broker to give you everything you needed to make an informed decision. However all too often “investment advisors” fail […]

The elderly are especially vulnerable to securities fraud

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Although elder abuse might be more commonly associated with physical harm, financial exploitation is also quite common. Scams that target the elderly can take many forms, most of which are based on lies or half-truths. Securities fraud against this age group may only get worse as the number of New York residents who are over […]

Ponzi and pyramid schemes are both examples of securities fraud

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Pyramid schemes are often discussed as if they are a thing of the past, which is not the case. Pyramid schemes are often confused with Ponzi schemes. While similar and both can constitute forms of securities fraud, understanding the difference between these two schemes can help victims determine how to pursue possible compensation for their […]

The right representation in Puerto Rico matters

Laws differ from state to state, and how a claim is handled in New York might be quite different than how it might be treated elsewhere. This is why securing the guidance of someone who understands the laws applicable to a specific state or US Territory where the claim will be litigated is essential. When […]

5 Steps to avoid investment scams

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Scammers operate at all hours of the day; they don’t take vacations. Because of this, you always need to be skeptical of who assists you and your investment strategy. Also, be sure to secure your personal and financial information. There are five necessary things you can do to make sure the broker, advisor, firm, etc. […]

Reduce chances of broker misconduct with careful vetting

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When someone is looking for a financial advisor, it is often because he or she wants sound advice from a trustworthy source. Investing is inherently a risk, but an investor does not want the risk to involve being a victim of broker misconduct. New York investors may wonder how to know if a financial advisor […]