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 […]
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 […]
Trusting your money to an investment broker always involves some degree of risk. However, if you lose a substantial portion of your finances in a relatively low-risk investment, it may be worth investigating potential instances of misrepresentation and omission. Defining misrepresentation and omission Losing your money in the stock market is not enough evidence on […]
Federal authorities say that an out-of-state pastor and investment adviser worked together to defraud investors for millions of dollars. Many of the victims of this investment fraud were elderly, an age group that is vulnerable to these types of scams. Since fraudulent investors in New York often target the elderly, this outcome is sadly not […]
Ponzi schemes prey on investors who think they are making smart, sound decisions. The average person can lose quite a bit in one of these schemes. It is important to understand that Ponzi schemes are not just a problem of the past. In 2019, authorities discovered 60 separate Ponzi schemes across the United States. There […]
Money is almost a universal concern among adults, but especially for the elderly who might be living on fixed incomes and limited retirement savings. New York scammers understand this all too well and use it to their advantage when committing securities fraud and elder financial abuse. These acts of fraud can — and often do […]
Investors might not hear much about Ponzi schemes these days, but that does mean they are gone. In fact, many people are still running these investment schemes in New York. This form of securities fraud heaps huge losses on those who were led to believe that they were making sound investments. Two men were recently […]
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 […]
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 […]
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 […]