Elder Financial Abuse: When Can a Brokerage Firm Be Held Responsible?
Financial exploitation of older Americans is a growing problem, and the consequences can be devastating. A senior investor may spend…
Read MoreInvestor Claims & Financial Fraud
Ponzi Scheme Bulletin
On July 24, 2026, Jay Lucas, the 71-year-old founder and managing partner of Lucas Brand Equity LLC, pleaded guilty in…
Read MoreCongress Moves to Protect Seniors from Investment Fraud
Financial exploitation of older Americans has become one of the most serious investor-protection problems in the United States. Criminals increasingly…
Read MoreInvestment Fraud and Social Media: When “Finfluencers” Cross the Line
Social media has become a major source of investment information. Investors now encounter stock tips, options strategies, crypto promotions, private…
Read MoreInvestors Still in the Dark over GWG Holdings “L” Bond Payments
In January 2022, GWG Holdings Inc., promoter of its high-yield bond product GWG L Bonds, reportedly missed $13.6 million in…
Read MorePonzi Scheme Bulletin
Recent developments in several high-profile, Ponzi scheme cases have renewed questions about the extent of the fallout from investment fraud…
Read MoreMERRILL LYNCH ORDERED TO REIMBURSE $7.2 MILLION IN MUTUAL FUND OVERCHARGES
FINRA recently announced that Merrill Lynch will pay $7.2 million in restitution to customers overcharged on mutual fund accounts. FINRA’s…
Read MoreUBS Facing Onslaught of Investor Claims Over “YES” Option Strategy
UBS Financial Services is reportedly facing an onslaught of filed and threatened investor claims after its Yield Enhancement Strategy (“YES”)…
Read MoreInvestor Alert: SEC Cautions Coronavirus Investment Scams on the Rise
In February 2020, the Securities and Exchange Commission (SEC) issued an alert, cautioning investors to be wary of scams tied…
Read MoreInvestment Fraud Continues to Plague USCIS EB-5 Program
The SEC recently announced a series of new enforcement actions against EB-5 regional centers participating in the U.S. Citizenship and…
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