Straight Talk

The purpose of this blog is to provide education and news that will help clients through the litigation process.

|Comments Off on Day Traders Think They Can Win in Online Ponzi Schemes

Software makers and speculators help to keep $47 million a year flowing through a world of fraudulent investment schemes.

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|Comments Off on SEC Says Advisers Must Report Clients’ Derivatives Risk

The U.S. Securities and Exchange Commission said on Thursday investment advisers must disclose more about assets held in separately managed accounts, including their level of exposure to derivatives, cementing rules industry stakeholders previously worried could expose trading strategies.

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|Comments Off on Adviser Who Targeted Elderly Gets 5 Years

A financial adviser convicted of running an 8-year, $4.2 million Ponzi scheme was sentenced to five years in prison Thursday after several of her victims spoke about how she selected elderly and ill people to defraud.

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|Comments Off on ADM Accused in Trial of Directing Grain Sales Ponzi Scheme

A Missouri grain dealer who stole tens of millions of dollars from farmers may turn out to be their best ally as they try to recoup losses from corn giant Archer-Daniels-Midland Co.

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|Comments Off on Texas Oil Co. Owner Arrested For Running Ponzi Scheme

The Texas-based proprietor of an oil and gas exploration company has been arrested by federal authorities on charges of mail fraud for luring investors to sink $2.6 million into an oil and gas investment program that was actually a Ponzi scheme, authorities announced Friday.

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|Comments Off on Finra fines UBS $250,000 for overcharging mutual-fund customers

A unit of UBS Group AG will pay a $250,000 fine to settle charges that it failed to waive certain fees for eligible mutual-fund customers, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on Attorney: Locals Invested $750K in Reported Scam

Scott Starr, a partner with the Logansport-based law firm Starr Austen & Miller, said he spent about a year investigating LMW on behalf of a couple dozen investors starting in 2014.

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|Comments Off on Former Eagle player defrauds football coaches, others

Former Philadelphia Eagle Merrill Robertson Jr. defrauded his former coaches and other investors out of about $6 million, the Securities and Exchange Commission alleged in a complaint filed on Wednesday.

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|Comments Off on FINRA panel orders adviser to pay $333,000 to Morgan Stanley

A former broker for Morgan Stanley must pay the wirehouse $333,000 in damages for failing to pay back money he owed when leaving the firm in 2013, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on Former Merrill Edge adviser accused of misleading customers

The Financial Industry Regulatory Authority Inc. accused former Merrill Lynch adviser of allegedly misleading five clients with individual retirement accounts at the firm by providing incorrect information while making recommendations.

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