News

The Securities and Exchange Commission (SEC) brought fraud charges against Michael F. Anderson and his company, The End of the Rainbow Partners, LLC, after discovering that Anderson misappropriated millions from investors in a Ponzi-like scheme. Anderson stole more than $2.3 million from investors by claiming to be a successful hedge fund manager. Anderson swindled investors [...]

The New Jersey Bureau of Securities (Bureau) fined LPL Financial $950,000 and an additional $25,000 to be put into a state investor education fund over supervisory failures tied to sales of illiquid investments. Did your LPL broker overconcentrate your portfolio with illiquid investments? Contact the Business Trial Group for a free case review. LPL Brokers [...]

The New York Department of Financial Services (DFS) fined Credit Suisse AG $135 million for unlawful conduct that disadvantaged customers. According to the DFS’s investigation, for nearly a decade Credit Suisse foreign exchange traders secretly shared confidential customer information, coordinated trading activity, and attempted to manipulate currency prices. Through this cooperative effort, these traders sought [...]

With the rise in popularity of Bitcoin and the cryptocurrency market, initial coin offerings are becoming more prevalent investments options that appeal to investors who are not fully aware of the risks associated with investing in this largely unregulated market. Initial coin offerings (ICOs) are similar to initial public offerings (IPOs) except that investors are [...]