Articles Posted in Commercial and Business Dispute Litigation

South Florida Precious Metals Fraud, Misrepresentation and Breach of Fiduciary Duty Litigation and Arbitration Attorney: The Manhattan District Attorney’s Office recently announced that three Florida men who operated an investment scheme through a precious metals company have been indicted in New York City on charges they defrauded scores of investors out of millions of dollars.…

Short-Term Bond and Common Stock Investment Loss – South Florida FINRA Arbitration and Litigation Attorney: A Short-Term Bond Fund is a bond mutual fund which invests in short-to-intermediate term bonds. Such bonds typically mature in 3 to 5 years and pay higher yields than the shortest maturity bonds of 1 year or less, which are…

Philip Falcone and Harbinger Capital Agree to Settlement: The Securities and Exchange Commission (“Commission”) recently announced that New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners have agreed to a settlement in which they must pay more than $18 million and admit wrongdoing. Falcone also agreed to be barred…

South Florida Retirement and Elder Care Misappropriation and Theft FINRA Arbitration and Litigation Attorney: Securities and Exchange Commission v. Blake Richards, Civil Action No. 1:13-CV-1729 (N.D. Ga.) Federal Court Permanently Enjoins Atlanta-Area Registered Representative Blake Richards from Securities Fraud Violations Recently, the Honorable Julie E. Carnes of the United States District Court for the Northern…

FAQ About Option Prices – Option Investment Loss FINRA Arbitration and Litigation Attorney: The option price is the market price at which an option contract is trading at any given time. The price of an option on a stock reflects the fact that it covers 100 shares of the common stock. For example, an option…

South Florida Microcap and Penny Stock Fraud and Investment Loss FINRA Arbitration and Litigation Attorney: The Securities and Exchange Commission (“Commission”) recently announced that it charged two microcap companies, their CEOs, and one penny stock promoter for spearheading illegal kickback schemes. The Commission also charged two other microcap companies, their CEOs, and four other promoters…

The Securities and Exchange Commission Charges Two J.P. Morgan Traders with Fraudulently Overvaluing Investments To Conceal Losses The Securities and Exchange Commission (“Commission”) recently charged two former traders at JPMorgan Chase & Co. with fraudulently overvaluing investments in order to hide massive losses in a portfolio they managed. The SEC alleges that Javier Martin-Artajo and…

Cash Basis of Accounting, Accrual Method of Accounting and Modified Cash Basis: South Florida Accounting Negligence and Breach of Contract Commerical Litigation Attorney, Russell L. Forkey, Esq. The Cash Basis accounting method recognizes revenues when cash is received and recognizes expenses when cash is paid out. In contrast, the Accrual Method of accounting recognizes revenues…

Corporate and Municipal Bond, Florida Investment Loss FINRA Arbitration and Commercial Litigation Attorney, Russell L. Forkey, Esq. A High-Yield Bond can be issued by a private or public company, as well as various municipalities and other governmental units. Many of these High-Yield Bonds are also known as Junk Bonds. These types of bonds usually have…

Securities and Exchange Commission v. Gregory N. McKnight, et al., Civil Action No. 08-cv-11887 (E.D. Mich.) 15 Year Prison Term for Gregory Mcknight, Orchestrator of $72 Million Ponzi Scheme The Securities and Exchange Commission recently announced that on August 6, 2013, the Honorable Mark A. Goldsmith of the United States District Court for the Eastern…