Articles Posted in General Investment News

MSRB MAKES CONTINUING DISCLOSURE MONTHLY STATISTICS AVAILABLE ON EMMA The Municipal Securities Rulemaking Board (MSRB) recently announced that it has begun providing on its Electronic Municipal Market Access (EMMA®) website statistics on the number and type of disclosure filings that issuers of municipal securities make available to investors throughout the life of a bond. These…

Securities and Exchange Commission v. Colin McCabe (D/B/A Elite Stock Report, The Stock Profiteer, and Resource Stock Advisor), Civil Action No. 2:13-cv-00161 Recently, the Securities and Exchange Commission filed a civil action in the United States District Court for the District of Utah charging Canadian stock promoter Colin McCabe with disseminating false and misleading information…

Securities and Exchange Commission v. A Chicago Convention Center, LLC, Anshoo Sethi, and Intercontinental Regional Center Trust of Chicago, LLC, Civil Action No. 13-cv-982 SEC HALTS $150 MILLION INVESTMENT SCHEME TO DUPE FOREIGN INVESTORS AND EXPLOIT IMMIGRATION PROGRAM The Securities and Exchange Commission recently announced charges and an asset freeze against an individual living in…

Corey Lamar Battey – Registered Representative, Clermont, Florida: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and enforcement action, firms and licensed…

Securities and Exchange Commission v. J.P. Morgan Securities LLC, EMC Mortgage, LLC, Bear Stearns Asset Backed Securities I, LLC, Structured Asset Mortgage Investments II, Inc., SACO I, Inc., and J.P. Morgan Acceptance Corporation I, Civil Action No. 1:12-cv-01872 (RLW) (D.D.C. filed Nov. 16, 2012) SEC CHARGES J.P. MORGAN SECURITIES LLC WITH MISLEADING INVESTORS IN RMBS…

Final Judgments Entered Against Derek F.C. Elliott On October 5, 2012 the Honorable James C. Mahan, United States District Judge for the District of Nevada, entered a Final Judgment against Derek F.C. Elliott (Elliott). On May 24, 2012, the United States Securities and Exchange Commission filed a complaint, in the United States District Court for…

SEC Charges Four Brokers With Defrauding Customers in $18.7 Million Scheme: October, 2012: The Securities and Exchange Commission recently charged four brokers who formerly worked on the cash desk at a New York-based broker-dealer with illegally overcharging customers $18.7 million by using hidden markups and markdowns and secretly keeping portions of profitable customer trades. The…

Some Key Questions for Hiring a Financial Professional: As a novice or mildly inexperienced investor, you may have some questions concerning what type of questions you should ask when looking to establish a relationship with a financial advisor. The purpose of this post is to provide some general educational information concerning this issue. Please keep…

SEC Charges Bank Executives in Nebraska With Understating Losses During Financial Crisis September, 2012: The Securities and Exchange Commission recently announced that it charged three former bank executives in Nebraska for participating in a scheme to understate millions of dollars in losses and mislead investors and federal regulators at the height of the financial crisis.…

Direct Registration – Securities Ownership: This post is designed to provide the reader with a general description of securities ownership through direct registration. Please keep in mind that this information is being provided for educational purposes only and is not designed to be complete in all material respects. Thus, this post should not be relied…