Articles Posted in Securities and Securities Fraud

Basic characteristics of corporate and municipal bonds – South Florida FINRA Arbitration and Litigation Attorney – As an investor, you may be able to recover losses associated with your investment in corporate bonds. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the largest securities market in…

Florida Corporate Bond Litigation and FINRA Arbitration Attorney: As an Investor, you may be able to recover your losses relating to investments in corporate bonds but first it is important to understand what a corporate bond is. This is especially true in an economic environment of rising interest rates. A bond is a debt obligation,…

SEC Charges San Diego-Based Promoter in Penny Stock Scheme The Securities and Exchange Commission recently charged a penny stock promoter in the San Diego area for fraudulently arranging the purchase of $2.5 million worth of shares in a penny stock company in an attempt to generate the false appearance of market interest and induce other…

Hedge Fund Manager James Fry, Previously Sued by the SEC for Fraud, Found Guilty of Securities Fraud, Wire Fraud, and Making False Statements to the SEC The Securities and Exchange Commission recently announced that on June 12, 2013 a jury found Minneapolis-area hedge fund manager James Fry guilty of five counts of securities fraud, four…

Contingent Deferred Sales Load (Charge) – South Florida Elder Abuse Mutual Fund Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney: A contingent deferred sales load (charge) is a sales charge levied by a mutual fund if a customer sell fund shares within a specified number of years. Instead of charging a traditional front end…

Securities and Exchange Commission v. John A. Grant, Sage Advisory Group, LLC and Benjamin Lee Grant, Civil Action No. 1:11-CV-11538 (GAO) (D. Mass.) SEC Obtains Final Judgment and Issues Administrative Orders Against John A. (“Jack”) Grant The Securities and Exchange Commission recently announced that on May 17, 2013, the Honorable George A. O’Toole Jr. of…

The Securities and Exchange Commission recently charged NASDAQ with securities laws violations resulting from its poor systems and decision-making during the initial public offering (IPO) and secondary market trading of Facebook shares. NASDAQ has agreed to settle the SEC’s charges by paying a $10 million penalty – the largest ever against an exchange. Exchanges have…

Municipal Bond and Municipal Security – Florida FINRA Arbitration and State and Federal Litigation Attorney: A Muni is a popular designation for a municipal security, especially a Municipal Bond. Municipal Bonds are debt obligations of a state or local government entity. The funds received by the entity may support general governmental needs or special projects.…

Securities and Exchange Commission v. Blake Richards, Civil Action No. 1:13-CV-1729 (N.D. Ga.) SEC Charges Atlanta-Area Registered Representative and Registered Investment Adviser Representative with Securities Fraud On May 23, the Securities and Exchange Commission filed an emergency action seeking a temporary restraining order and other emergency relief in federal court in the Northern District of…

Joseph Hilton a/k/a Joseph Yurkin Barred from the Securities Industry Joseph Hilton a/k/a Joseph Yurkin (Hilton), of Boca Raton, Florida, has been barred from the securities industry. The sanction was ordered in an administrative proceeding before an administrative law judge, following a February 2013 injunction against violations of the antifraud and registration provisions of the…