Class Action

Ponzi Schemes

Latest News

8:00am - 5:00pm EST

Office Hours Monday - Friday

(574) 722-6676

Call Us For Free Consultation

Facebook

Twitter

News
 

News

News

Get some of the latest news in Securities Fraud, Class Actions, Ponzi Schemes from Starr Austen & Miller.

Class Actions

Based on an analysis of FINRA’s monthly disciplinary reports, press releases and online database, the fines reported by FINRA in 2018 increased slightly to $68 million from $65 million in 2017, a 5 percent jump, yet were down significantly (61 percent) from the record-setting fines of $176 million in 2016.
FINRA’s Recent Enforcement Actions Pack A Hard Punch
By Brian Rubin, Adam Pollet, Rebekah Runyon and Gregory Amoroso for Law360.com A review of the disciplinary actions brought by the Financial Industry
Read more.
Fiduciary Duty Rule by Scott L. Starr, Partner
Fiduciary Duty Rule by Scott L. Starr, Partner
Law 360’s Allison Noon recently published an article entitled “Facing Fiduciary Duty, Brokers Threaten to Exit Nevada” (included below).  According to
Read more.
Former powerhouse investment broker Buck sentenced to more than 3 years in prison
By Susan Orr of the Indianapolis Business Journal A federal judge on Wednesday sentenced former powerhouse Merrill Lynch broker Thomas
Read more.
More Seniors Victimized by Financial Scams
More Seniors Victimized by Financial Scams
By Yuka Hayashi of The Wall Street Journal The number of suspected cases of elder financial abuse reached a record
Read more.
FINRA Awards $4.2M For Morgan Stanley's Lack Of Oversight
FINRA Awards $4.2M For Morgan Stanley’s Lack Of Oversight
By Darcy Reddan of Law360.com A Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanley Smith Barney LLC to
Read more.
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Written by Scott L. Starr December 3, 2018 The securities industry is designed so that the first line of defense
Read more.
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
The following is an article authored by Law360’s David Matthews describing how a Chicago rabbi allegedly abused his trust with
Read more.
Investment Adviser Gets 6.5 Years For $1.6M Ponzi Scheme
By John Petrick of Law360.com A federal judge on Monday sentenced a New Jersey man who pled guilty to running
Read more.
Asset Management Firm CEO Charged With $16M Fraud
Attached below is a copy of an article recently reported by Rachel Graf and Law360 entitled “Asset Management Firm CEO
Read more.
SEC Charges Indiana Investment Advisor With Securities Fraud
SEC Charges Indiana Investment Advisor With Securities Fraud
September 18, 2018 The Securities Exchange Commission recently charged a former middle school math teacher now working as an investment
Read more.

Securities Fraud

Based on an analysis of FINRA’s monthly disciplinary reports, press releases and online database, the fines reported by FINRA in 2018 increased slightly to $68 million from $65 million in 2017, a 5 percent jump, yet were down significantly (61 percent) from the record-setting fines of $176 million in 2016.
FINRA’s Recent Enforcement Actions Pack A Hard Punch
By Brian Rubin, Adam Pollet, Rebekah Runyon and Gregory Amoroso for Law360.com A review of the disciplinary actions brought by the Financial Industry
Read more.
Fiduciary Duty Rule by Scott L. Starr, Partner
Fiduciary Duty Rule by Scott L. Starr, Partner
Law 360’s Allison Noon recently published an article entitled “Facing Fiduciary Duty, Brokers Threaten to Exit Nevada” (included below).  According to
Read more.
Former powerhouse investment broker Buck sentenced to more than 3 years in prison
By Susan Orr of the Indianapolis Business Journal A federal judge on Wednesday sentenced former powerhouse Merrill Lynch broker Thomas
Read more.
More Seniors Victimized by Financial Scams
More Seniors Victimized by Financial Scams
By Yuka Hayashi of The Wall Street Journal The number of suspected cases of elder financial abuse reached a record
Read more.
FINRA Awards $4.2M For Morgan Stanley's Lack Of Oversight
FINRA Awards $4.2M For Morgan Stanley’s Lack Of Oversight
By Darcy Reddan of Law360.com A Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanley Smith Barney LLC to
Read more.
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Written by Scott L. Starr December 3, 2018 The securities industry is designed so that the first line of defense
Read more.
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
The following is an article authored by Law360’s David Matthews describing how a Chicago rabbi allegedly abused his trust with
Read more.
Investment Adviser Gets 6.5 Years For $1.6M Ponzi Scheme
By John Petrick of Law360.com A federal judge on Monday sentenced a New Jersey man who pled guilty to running
Read more.
Asset Management Firm CEO Charged With $16M Fraud
Attached below is a copy of an article recently reported by Rachel Graf and Law360 entitled “Asset Management Firm CEO
Read more.
SEC Charges Indiana Investment Advisor With Securities Fraud
SEC Charges Indiana Investment Advisor With Securities Fraud
September 18, 2018 The Securities Exchange Commission recently charged a former middle school math teacher now working as an investment
Read more.

Ponzi Schemes

Based on an analysis of FINRA’s monthly disciplinary reports, press releases and online database, the fines reported by FINRA in 2018 increased slightly to $68 million from $65 million in 2017, a 5 percent jump, yet were down significantly (61 percent) from the record-setting fines of $176 million in 2016.
FINRA’s Recent Enforcement Actions Pack A Hard Punch
By Brian Rubin, Adam Pollet, Rebekah Runyon and Gregory Amoroso for Law360.com A review of the disciplinary actions brought by the Financial Industry
Read more.
Fiduciary Duty Rule by Scott L. Starr, Partner
Fiduciary Duty Rule by Scott L. Starr, Partner
Law 360’s Allison Noon recently published an article entitled “Facing Fiduciary Duty, Brokers Threaten to Exit Nevada” (included below).  According to
Read more.
Former powerhouse investment broker Buck sentenced to more than 3 years in prison
By Susan Orr of the Indianapolis Business Journal A federal judge on Wednesday sentenced former powerhouse Merrill Lynch broker Thomas
Read more.
More Seniors Victimized by Financial Scams
More Seniors Victimized by Financial Scams
By Yuka Hayashi of The Wall Street Journal The number of suspected cases of elder financial abuse reached a record
Read more.
FINRA Awards $4.2M For Morgan Stanley's Lack Of Oversight
FINRA Awards $4.2M For Morgan Stanley’s Lack Of Oversight
By Darcy Reddan of Law360.com A Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanley Smith Barney LLC to
Read more.
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Written by Scott L. Starr December 3, 2018 The securities industry is designed so that the first line of defense
Read more.
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
The following is an article authored by Law360’s David Matthews describing how a Chicago rabbi allegedly abused his trust with
Read more.
Investment Adviser Gets 6.5 Years For $1.6M Ponzi Scheme
By John Petrick of Law360.com A federal judge on Monday sentenced a New Jersey man who pled guilty to running
Read more.
Asset Management Firm CEO Charged With $16M Fraud
Attached below is a copy of an article recently reported by Rachel Graf and Law360 entitled “Asset Management Firm CEO
Read more.
SEC Charges Indiana Investment Advisor With Securities Fraud
SEC Charges Indiana Investment Advisor With Securities Fraud
September 18, 2018 The Securities Exchange Commission recently charged a former middle school math teacher now working as an investment
Read more.

Latest News

Based on an analysis of FINRA’s monthly disciplinary reports, press releases and online database, the fines reported by FINRA in 2018 increased slightly to $68 million from $65 million in 2017, a 5 percent jump, yet were down significantly (61 percent) from the record-setting fines of $176 million in 2016.
FINRA’s Recent Enforcement Actions Pack A Hard Punch
By Brian Rubin, Adam Pollet, Rebekah Runyon and Gregory Amoroso for Law360.com A review of the disciplinary actions brought by the Financial Industry
Read more.
Fiduciary Duty Rule by Scott L. Starr, Partner
Fiduciary Duty Rule by Scott L. Starr, Partner
Law 360’s Allison Noon recently published an article entitled “Facing Fiduciary Duty, Brokers Threaten to Exit Nevada” (included below).  According to
Read more.
Former powerhouse investment broker Buck sentenced to more than 3 years in prison
By Susan Orr of the Indianapolis Business Journal A federal judge on Wednesday sentenced former powerhouse Merrill Lynch broker Thomas
Read more.
More Seniors Victimized by Financial Scams
More Seniors Victimized by Financial Scams
By Yuka Hayashi of The Wall Street Journal The number of suspected cases of elder financial abuse reached a record
Read more.
FINRA Awards $4.2M For Morgan Stanley's Lack Of Oversight
FINRA Awards $4.2M For Morgan Stanley’s Lack Of Oversight
By Darcy Reddan of Law360.com A Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanley Smith Barney LLC to
Read more.
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Indiana Secretary of State Fines LPL Financial (Linsco Private Ledger) $450,000 for Failing to Supervise Its Indiana Brokers
Written by Scott L. Starr December 3, 2018 The securities industry is designed so that the first line of defense
Read more.
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
Recent Lawsuit Claims Chicago Cleric Steered $35 Million into his Ponzi Scheme
The following is an article authored by Law360’s David Matthews describing how a Chicago rabbi allegedly abused his trust with
Read more.
Investment Adviser Gets 6.5 Years For $1.6M Ponzi Scheme
By John Petrick of Law360.com A federal judge on Monday sentenced a New Jersey man who pled guilty to running
Read more.
Asset Management Firm CEO Charged With $16M Fraud
Attached below is a copy of an article recently reported by Rachel Graf and Law360 entitled “Asset Management Firm CEO
Read more.
SEC Charges Indiana Investment Advisor With Securities Fraud
SEC Charges Indiana Investment Advisor With Securities Fraud
September 18, 2018 The Securities Exchange Commission recently charged a former middle school math teacher now working as an investment
Read more.

Our lawyers are available to review your situation.