Articles
Advertisers Gain May Be Investors Pain: General Advertising of Non-Public Securities Now Permitted
Congress, through the Securities and Exchange Commission (SEC), has repealed a ban on general advertising of securities promoted by issuers who rely on a exemption to the rule requiring them to seek SEC review of their offering disclosures. "I'm certain that it is...
Did JP Turner Sell You Non-Traditional ETFs?
If JP Turner sold you a non-traditional ETF, Wittenberg Law may be able to help you recover losses. Call Jeffrey Wittenberg at (310) 295-2010 FINRA recently announced a disciplinary proceeding that underscores its continuing concerns about unsuitable retail sales of...
SEC Trumpets Its Blackbox Accounting Fraud Tool
Below is a reprint from a speech given by Craig M. Lewis of the Securities and Exchange Commission (SEC) regarding accounting fraud. I have added the bold emphasis in the reprint below to emphasize certain concepts. In sum, the SEC hopes to root out fraud by...
NBA Has The Ball Stolen
The article below is from the Chicago Tribune, Nov. 14, 2013. Yet another reason to keep a close eye on those you trust to invest your money. Wittenberg Law was built to protect people from all walks of life against financial fraud. Call us if you want peace of mind...
Elder Financial Fraud Is on the Rise
According to the FBI's latest Financial Crimes Report to the Public, investigations of securities and commodities fraud, also known as investment fraud, have increased by 52 percent since 2008. Additionally, investment fraud is largely underreported, and perpetrators...
NFL Players Get Stung — Too Bad That They Didn’t Come to SmartStreet First
Below is a reprinted article from FIRNA concerning a slick broker’s misconduct in connection with millions of dollars entrusted to him by various NFL players.
SEC Concludes that an Advisor’s Undisclosed Risks Harmed Investors
According to a Securities and Exchange Commission (SEC) release, the SEC found that a fund advisor attempted two strategies to enhance returns — writing out-of-the money put options and shorting variance swaps. This exposed the investors to additional undisclosed...
MA Securities Enforcement Charges LPL Financial With Misconduct In Selling Real Estate Private Placements
Investors who purchased a non-traded real estate investment trusts (Non-traded REITs) from LPL Financial at anytime since January 1, 2006 may have claims against LPL for recovery of all losses suffered in that investment product. Fortunately, the enforcement section...
Buyer Beware: Even the Largest Companies Commit Investment Fraud
The Securities and Exchange Commission (SEC) announced today that it settled claims against one of the largest and most successful registered investment advisors in the world. The SEC claimed that, in late 2006, Aladdin Capital Management LLC (“Aladdin Management”)...
State of Massachusetts Files Fraud Claim Against Crowdfunding Companies
The JOBS (Jumpstart Our Business Startups) Act, signed by President Obama April 2012. The JOBS Act is commonly referred to as "crowdfunding." U.S. Senator Scott Brown (R-MA) championed this legislation, stating: “Crowdfunding is a game changer for startups and...