Imagine that you’re a “typical” securities investor in that you do not have vast resources at your ready disposal to guide your investment decisions. Instead, like most other Americans, you rely upon the advice of a professional broker or adviser to promote your best financial interests.
What is churning, and what is Finra proposing to do about it?
Whistleblower Is Awarded $2.2M Under Dodd-Frank Safe Harbor Rule
On April 5, 2018, the Securities and Exchange Commission ("SEC") announced that it has awarded $2.2 million to a whistleblower whose initial tip to another federal agency led to an SEC enforcement action. This marks the first instance in which the SEC has awarded a whistleblower for information from a tip that was previously reported to a different federal agency.
U.S. Supreme Court weighs in on key securities class action case
Justices from the nation's highest court might reasonably be thought of as austere legal masters whose prose is routinely dense and technical in order to deal with the weighty legal topics the tribunal regularly addresses.
SCOTUS steps in with key Dodd-Frank whistleblowing ruling
Financial regulators from the U.S. Securities and Exchange Commission have long insisted that the impressive protections extended whistleblowers under the seminal Dodd-Frank legislation be liberally construed. That is, they are stated to apply to individuals who bring fraud-related charges to both the SEC and via other outlets, such as to company managers, various agencies and members of Congress.
What are the basics underlying Dodd-Frank whistleblowing?
Congress passed the consumer-protective Dodd-Frank legislation in 2010. The law's passage owed partially to a widespread belief that greater safeguards needed to be established for individuals brave enough to step forward and identify violations of U.S. securities laws within their companies.
Material considerations regarding securities class action lawsuits
It is likely that many Connecticut readers of our full-service business and consumer advocacy law firm have heard about class action lawsuits.
Securities fraud: here's a creative scheme targeting investors
The following narrative in today's blog post flatly underscores that scammers in the securities realm will go to virtually any length to lighten the wallets of the investing public.
Heard of "pump and dump?" Lots of Connecticut investors have.
First you pump them.
Explosive allegations prompt securities fraud class action claim
The sordid details surrounding a long-tenured private arbitration case became available for public scrutiny several weeks ago. The matter centrally pits the mega national jewelry manufacturer and retailer Signet Jewelers Ltd. (the parent company of Sterling Jewelers, which owns mall mainstays Kay Jewelers and Jared the Galleria of Jewelry, respectively) against a stunning 69,000 female plaintiffs alleging pay and promotion discrimination, as well as sexual harassment.
Federal fraud case: Ex-financial adviser takes criminal plea deal
From wedding to, well, penitentiary.
