Posts Tagged "Fraud"

Initial Public Offering Investments (IPO)

Posted by on Jun 8, 2013 in Securities Arbitration | 0 comments

Investing in an initial public offering can be both exciting and risky.  The Securities and Exchange Commission recently posted an investor bulletin about the risks of investing in an initial public offering or IPO.  The bulletin provides lots of information regarding risks associated with investing in an IPO.  It also provides detailed information about how to use the SEC site to learn about companies that are going public. For your convenience a copy of the bulletin can be found at the bottom of this post. If you feel that you have been misled by advisers in connection with an IPO...

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Custody of Your Investment Assets ~ SEC Investment Bulletin

Posted by on Mar 4, 2013 in Securities Arbitration | 0 comments

The SEC has today issued an investor bulletin regarding the custody of your investment assets.  The bulletin provides information regarding the safeguards that have been put in place to protect investors and their assets.  The SEC has placed investment advisers on notice that they will be increasing enforcement action to ensure that investors’ accounts are protected from theft and misappropriation. Although one would think that the custody of your investment assets would be a simple issue it is really more complicated that it would seem.  Many brokerage firms have been accused of...

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JPMorgan Chase Brokers Favoring Bank’s Own Funds

Posted by on Jul 8, 2012 in News, Securities Arbitration | 0 comments

The NY Times published a report this week that suggest that JPMorgan Chase used its brokers to sell its own financial products even though there were better performing or cheaper options available to their customers.  In the case of at least one offering, the bank exaggerated the returns of what it was selling in its marketing material. Apparently, the bank encouraged these types of investments to improve its own financial situation at the expense of its customers.  By encouraging investments in its own funds and products, the bank secured a stable source of funds which contributed fees to...

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FINRA Investor Alert: Nutraceutical Stock Scams

Posted by on May 26, 2012 in Securities Arbitration | 0 comments

FINRA has issued its latest investor alert about stock scams that promise above average investment returns for investments involving what might seem like pharmaceutical companies, but are actually holistic or nature based remedies.  These investments can include anything from enriched foods to energy drinks to dietary supplements. FINRA is warning that many of these scams are being targeted at individual investors through e-mail, phone and fax invitations.  Frequently, promises of exaggerated return attempt to create interest in an otherwise thinly traded stock with little to no financial...

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Dallas Man Receives Prison Sentence for Operating a Ponzi Scheme with Michigan Victims

Posted by on May 6, 2012 in Securities Arbitration | 0 comments

A Dallas man was recently sentenced to 240 months in federal prison on connection with a Ponzi scheme he started in Michigan and moved to Texas. According to the FBI Press Release, Joseph Blimline started his scheme in Michigan in 2003 and operated in the state until December of 2005.  As part of the operation Blimline promised investors that they would receive inflated rates of return in order to secure growing amounts to funding for  his operation.  He was able to secure $28 Million from victims before the operation failed. After the collapse of the operation in Michigan, he moved the...

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