As an investor, how do you resolve a material dispute with your financial adviser and/or securities brokerage? Where do you turn for help if you reasonably suspect that one or more professsionals you justifiably rely upon have defrauded you through illegal behavior?
A look at Finra-overseen securities arbitration
SEC looking for better ways to reward, protect whistleblowers
Regulators from the U.S. Securities and Exchange Commission have a potent weapon in their war against fraud that harms American investors and roils the financial markets.
What is churning, and what is Finra proposing to do about it?
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.
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.
