The SEC recently released a new investor alert detailing ways that investors can be lured into new frauds involving crypto assets with both new and old techniques. Online scams are still the predominant method. But the addition of AI adds a false sense of believability that can make even tech-savvy…
Articles Posted in SEC Investor Bulletin
Caution Urged With Digital Asset And Cryptocurrency Investments
The Securities And Exchange Commission recently released a bulletin on their investor website warning about frauds that incorporate digital assets and cryptocurrency into their scams. Investing in cryptocurrency such as Bitcoin, Litecoin, Ethereum, and other so-called “digital assets” are a truly 21st Century way to invest. For someone who is…
SEC Issues Investor Alert On Bitcoin
Bitcoin: it’s the virtual currency based on blockchain technology. It’s rising, falling, trading, and the “wave of the future,” depending on who you talk to. Started in 2009 as an international alternative currency, a growing number of businesses are accepting bitcoin as a standard method of payment. PayPal has also…
SEC Warning About Brokers: Is Your Financial Advisor Registered?
The SEC has issued an investor alert for people regarding fraudsters posing as brokers and investment advisors. We’ve previously discussed brokers and investment advisors and their different schemes for defrauding clients—especially long-term clients. But as the SEC warns, there’s more to it than that, and a tactic you may not…
Is Your Stockbroker Family?
Do you have a family member who is also your stockbroker, investment advisor, or other financial services representative? Many broker-dealer firms encourage newly-minted employees to recruit wealthy relatives to invest with them to begin their business and grow their client list. You may have taken the bait and moved your…
SEC Issues Investor Alert With Social Media Stock Warnings
Social media has become an integral part of modern culture. It’s the place where we can keep in touch with friends, relatives, and people you met long ago. You can meet people with shared interests, learn new things, swap stories, and ask for advice. Facebook, LinkedIn, and other similar sites…
SEC Publishes Investor Bulletin: “Tips for Teachers”
In light of recent investigations and enforcement actions focused on misconduct that targets and victimizes teachers and other public sector employees, the Securities and Exchange Commission (“SEC”) has increased its efforts on protecting these individuals. As part of those efforts, the SEC published an Investor Bulletin titled “Tips for Teachers:…
Scott Silver Comments On SEC’s Mutual Fund Names Rule
Scott Silver, managing partner of Silver Law Group and a leading investor advocate, recently submitted a comment letter to the SEC addressing the importance of mutual funds fairly characterizing the fund in its title or name. The SEC says that it sought comments from the public “on the framework for…
Binary Options- SEC Investor Alert
Binaryoptionlossattorneys.com Binary Options Fraud Binary Options fraud is on the rise in recent years as regulators and government agencies continue to receive hundreds of complaints with losses totaling in the millions of dollars in the United States alone. The Federal Bureau of Investigation (“FBI”) issued a news release and the…
Federal Employee Benefit Counselors Targeted Federal Government Employee Retirement Plan Participants With Variable Annuities Scheme.
Silver Law Group and The Law Firm of David Chase are reviewing potential claims of fraudulent inducement of federal employees into purchasing high fee paying variable annuity products by LPL Financial LLC (CRD#6413) affiliated brokers Brandon Long (CRD# 5975459) , Christopher S Laws (CRD#4479529) , Johnathan Dax Cooke (CRD#5365691) and…