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Securities litigation may be necessary for these abuses

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With any type of investment, there is usually an opportunity for losses. Most New York investors understand this and take careful precautions to minimize potentially significant losses. However, those losses can sometimes be attributed to things outside of the nature of investing. For people who have suffered financial losses because of another person’s wrongful actions, […]

New York man charged with securities fraud

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Investors allege that a New York man defrauded them out of significant amounts of money. This is despite his personal claims of investing success in relatively little time, but investigators say that the man admitted some of the alleged fraud to at least two investors when they tried to get their money back. He was […]

What is a Ponzi scheme?

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A Ponzi scheme is a faulty investment opportunity proposed by a company or individual. Ponzi scheme investors are assured they will receive a large profit with little to no risk—they do not know that it is a scam. How does a Ponzi scheme work? Ponzi schemes generate returns for investors by continuously acquiring new investors. […]

Remember these securities fraud red flags

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Once you become familiar with an activity, it’s easy to start overlooking the simple things as you chase the promise of a big win. You always want to do your due diligence. This is especially true when investing in the securities market, where big sums of money can be at stake. Consider this: The median […]

Avoiding broker misconduct charges starts with this

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Both investors and brokers have certain responsibilities when working with one another. However, since it is often presumed that New York brokers have more knowledge and experience when it comes to investing, some investors might blame brokers when things do not go as they wish. Since this could result in a professional being accused of […]

Advisers reprimanded for selling unsuitable investments

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Investing is a smart idea for building additional income streams and building up savings for important things, like retirement and traveling. Making the right decisions regarding investing can be difficult though, which is why people in New York often turn to professionals. Sadly, not all professional investment advisers have their clients’ best interests at heart, […]

Red flags to spot broker misconduct

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Stock trading is a highly regulated industry. Brokerage firms have several compliance methods in place to assure you that your money is being invested both wisely and legally. That said, it is possible for some misconduct to slip through the cracks. It is important to have a trusting relationship with your broker. He or she […]

UBS Puerto Rico remains on the hook for bond practices

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Claims against Union Bank of Switzerland (UBS) Puerto Rico’s closed-end bond practices continue to arise years after the initial crash of 2013. Since that time, the bank has paid tens of millions of dollars to both regulatory agencies and individual investors.   Fraudulent practices UBS Puerto Rico was at one point the largest wealth management […]

Lyft to face securities litigation

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By now, those who have not personally used a ridesharing app have probably at least heard of one, such as Uber or Lyft. While these ridesharing programs are certainly popular among many people in New York, they are not without controversy. Lyft is currently dealing with securities litigation for allegedly making misleading claims. A lawsuit […]

FINRA proposes new obligations for investment firms

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The Financial Industry Regulatory Authority (FINRA) proposed a new rule earlier this month to restrict the actions of investment firms with a problematic history. Open for comment until July 1, Rule 4111’s “Restricted Firm Obligations” aims to protect investors from activities by rogue brokers and firms that turn a blind eye to supervising them. Brokerage […]