Congress Proposes Immunity to Snitch on Persons Exploiting Seniors
The U.S. House passed a bill earlier this month, called the Senior Safe Act, which protects financial advisors from legal liability when they report suspicious activities to federal ...
SEC Claims Fund Bet A Little Too Big on Terror Litigation
RD Legal Capital hedge fund told investors it would responsibly diversify its clients money among many law suits recoveries. In fact, according to the SEC, the fund placed a huge bet ...
Tesla Concludes Crash of Cutting Edge Car No Big Deal
The SEC is investigating whether auto manufacturer Tesla Motors Inc. breached securities law for the way they handled information related to a fatal crash that involved a Tesla electric ...
Oil Man Accused of a Gusher of Fraud
The SEC filed a complaint recently in District court against Breitling Energy Corporation in Dallas accusing the energy investment for Texas-sized $80 million investment scam.
In pitches ...
Fraud ‘80s Style: Big Hair and Insider Trading
Possibly coming off watching Gordon Gekko on Wall Street, investment bank director Steven McClatchey pled guilty to conspiracy to commit securities and wire fraud and using insider ...
Repeat Offender – RIA Guilty of Diverting Big Loan for Big Personal Purchases
Topping off his collection of indictments of federal fraud and money laundering charges, former investment advisor David Welliver pleaded guilty to one charge of securities fraud last ...
States Seek To End Advisor “See No Evil” Syndrome
The states of Alabama, Indiana, and Vermont approved measures earlier this year designed to require financial advisers to report possible exploitation of senior citizens and other vulnerable ...
Regulators, Industry Groups React to SeniorSafe Act Passage
State securities regulators and industry groups positively received news of the House passage of SeniorSafe Act, H.R. 4538, a bill that seeks to provide civil and administrative immunity ...
Is SEC Morphing Into Peoples Court?
The SEC opened its proceedings to become more like a traditional courtroom instead of a genteel boardroom.
In response to criticisms from practitioners and the media, the SEC announced ...
Elder Fraud for Dummies: Research Shows the Methods to the Madness of Fraudulent Annuities
Recent research, published in The Gerontologist, examined the sales practices of a long-defunct and disgraced company that sold unsuitable annuities to seniors. The tricks and techniques ...
