FINRA recently adopted a new rule to limit stockbrokers from being named a beneficiary, trustee, or executor by a customer.  The new FINRA Rule 3241 protects investors by requiring all FINRA-member brokerage firms to affirmatively address any situation where a customer appoints a firm’s stockbroker as beneficiary or to another position of trust such as a trustee or executor.  Rule 3241 requires the brokerage firm to affirmatively permit or prohibit the stockbroker from acting in such capacity or rece

Morgan & Morgan’s Business Trial Group and its securities attorneys are investigating bond funds that allegedly reported inflated returns to attract investments and win high ratings from Morningstar.

JPMorgan Chase & Co. was recently charged for manipulative and deceptive conduct that involved fraudulent spoofing trades in futures markets for U.S. Treasuries and precious metals.

A Colorado man recently settled charges after he defrauded over 40 investors, including U.S. military service members and others.

The Securities and Exchange Commission alleges that Milton J. Dosal, Jr. raised around $100,000 over a two-year period from approximately 41 investors. Dosal met a number of these investors through car club events, the SEC says. Nearly a quarter of the investors that Dosal defrauded were cadets at the U.S. Air Force Academy

The Business Trial Group’s securities attorneys are investigating an alleged fraudulent scheme that enabled a company called NS8, Inc. to raise about $123 million from investors.

A Colorado federal court recently entered a consent judgment against investment adviser Steven Rodemer relating to his alleged misappropriation of over $450,000 from an elderly client.

Morgan & Morgan’s securities attorneys are investigating claims involving losses in AllianzGI’s “Structured Alpha” funds.

The Business Trial Group is investigating an alleged $27 million fraudulent scheme that The Smart Partners LLC and 1st Million LLC perpetrated against more than 1,000 investors, most of whom were African immigrants. The Securities and Exchange Commission recently charged Smart Partners, 1st Million, and their principals (Dennis Jali, John Frimpong, and Arley Johnson) with violations of federal securities laws for operating an alleged Ponzi scheme.