McDonalds Employees 401k Plan Under Investigation

There are thousands of McDonalds employees across the nation who rely on McDonalds' 401k plan as their source of retirement income. McDonalds has the legal responsibility under the Employee Retirement Income Security Act of 1974 (ERISA) to protect the retirement for a... Read More »

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Financial Fraud Tool Launched by CFTC

Financial fraud is on the rise, according to U.S. government financial watchdog the Commodity Futures Trading Commission (CFTC). In response to the increase of financial fraud across the nation, this commission has launched a consumer education campaign and accompanying website with the... Read More »

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Recognizing Ponzi Scheme Red Flags

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns... Read More »

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Protecting Yourself from Ponzi Schemes

Thanks to Bernie Madoff, the phrase "Ponzi scheme" became a household term, but Madoff wasn't the first to take advantage of investors. The first such scheme occurred in the 1920s involving postage stamp speculation instigated by Charles Ponzi, who gave this crime... Read More »

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NJ Man Says He’s Behind $20M Ponzi Scheme

A New Jersey resident may face up to 20 years in prison for running a $20 million Ponzi scheme. The culprit, Louis S., confessed to the Ponzi scheme in a New Jersey federal court in early November and is being sentenced in February 2015.... Read More »

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Hedge Fund Dismissed from Securities Fraud Lawsuit

After reaching a settlement with a hedge fund that allegedly helped facilitate a massive fraud, the hedge fund, Stewardship Credit Arbitrage Fund (SCAF), has been dropped as a defendant in a class action securities fraud lawsuit. Lead plaintiff Poptech LP filed the... Read More »

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Understanding Stock Fraud Schemes

Stock fraud, also known as securities fraud or investment fraud, is an illegal practice designed to convince investors to buy or sell stocks or securities on the basis of false information. This false information includes inaccurate statements about a company's status or omissions regarding... Read More »

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Stockbroker Misconduct Halts Trading for Four Stocks

  The U.S. Securities and Exchange Commission suspended trading in four different penny stocks over allegations the companies made unverifiable claims that they have produced products to prevent or combat Ebola. The SEC has also warned investors of possible stockbroker misconduct connected... Read More »

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SEC Warns of Penny Stock Fraud

Two different federal agencies have recently warned investors that a type of penny stock fraud is on the rise, using abandoned stocks to pull in money. Specifically, the Securities Exchange Commission and the Financial Industry Regulatory Authority have issued a new warning... Read More »

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SEC Sees First Bitcoin Ponzi Scheme

In a new twist to a Ponzi scheme, a Texas man faces charges involving the first federal criminal wire and securities fraud involving a Bitcoin-related scheme. Bitcoin is a virtual currency that isn't backed by governments and doesn't involve banks or other... Read More »

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Common Securities Fraud, Stockbroker Misconduct Scams

Stockbroker fraud and misconduct is all too common. Investors put their complete trust in stockbrokers or financial advisors, only to see their money disappear due to bad advice. Stockbroker fraud and misconduct may involve the act of misleading an investor or purposefully providing... Read More »

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Beware of Stock Fraud Schemes and Investment Fraud

Stock fraud schemes and investment fraud include a wide variety of ploys on the part of deceptive stockbrokers and financial advisors. Investment fraud tactics range from inducing investors to buy or sell stocks that will knowingly result in losses to pressuring risky... Read More »

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Stock Broker Misconduct: What You Need to Know

Many lawsuits have been filed against stock brokers or financial advisors over alleged mishandling of funds. Of course, the stock market is not 100 percent dependable, and people can take financial hits by no fault of their stock broker. However, there are... Read More »

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