Articles Posted in Other Types of Fraudulent Activity

Penny Stock Fraud and Market Manipulation Litigation and FINRA Abribtration Attorney, Russell L. Forkey, Esq. June, 2012 SEC Charges Company Officers and Penny Stock Promoters in Kickback and Market Manipulation Schemes The Securities and Exchange Commission recently charged several penny stock companies and their officers as well as three penny stock promoters involved in various…

Broker/Dealer and Investment Advisor Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Securities and Exchange Commission v. Provident Capital Indemnity, Ltd., Minor Vargas Calvo, Jorge L. Castillo, and Relief Defendant Desarrollos Comerciales Ronim, S.A., Civil Action No. 3:11-cv-045 (E.D. Va. Jan. 19, 2011) SEC ANNOUNCES ENTRY OF CONSENT JUDGMENT…

Unregistered Investment Advisor and Broker/Dealer Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: Charges optionsXpress and Five Individuals Involved in Abusive Naked Short Selling Scheme The Securities and Exchange Commission recently charged an online brokerage and clearing agency specializing in options and futures as well as four officials at…

Unregistered Investment Advisor and Broker/Dealer Investment Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. April, 2012: SEC v. Petr Murmylyuk, Civil Action No. 12-cv-2272-CCC (D.N.J.) SEC Charges Petr Murmylyuk with Fraudulent Brokerage Account Intrusion Scheme The Securities and Exchange Commission recently announced that it filed a civil action in the United…

HOTEL FRANCHISE FRAUD The simplicity by which a national hotel franchise company (franchisor) may perpetrate a fraud and deceit upon unsuspecting potential franchisees is classic. As with any proposed franchise arrangement, the franchisor prepares an offering circular which is provided to the unwitting proposed franchisee. The offering circular, in relevant part, generally discloses all of…

Investors Thinking About Trading Foreign Currency Contracts Consider the Following: The advertisements seem too good to pass up. They tout high returns coupled with low risks from investments in foreign currency (forex) contracts. Sometimes they even offer lucrative employment opportunities in forex trading. Do these deals sound too good to be true? Unfortunately, they are,…

South Florida Elder and Senior Financial Abuse Litigation and Arbitration Attorney: TACKLING INVESTMENT SWINDLES OF SENIORS AS A MEDICAL PROBLEM: 24 SECURITIES REGULATORS ACROSS U.S. TO TRAIN DOCTORS TO SPOT & REPORT ELDERLY FINANCIAL VICTIMIZATION With new medical research showing that more than a third of Americans over the age of 71 having mild cognitive…