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It’s Great You Have a 401(k) – But Who’s Minding the Store?

Posted August 6th, 2018 by .

Categories: 401(k).

In recent years, employees have been filing an increasing number of meritorious lawsuits against employers for 401(k) mismanagement.  These claims are in the tens of millions of dollars and range from disloyalty to imprudence to disregarding conflicts of interest.  Some of the more egregious claims come when employers populate 401(k) plans with their own expensive […]

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Pump and Dump Schemes: The Trojan Horse of Investments

Posted June 7th, 2018 by .

Categories: Investment Fraud.

In the realm of financial services, unknowing investors often fall victim to various securities fraud schemes, and one of the more common ones is the “pump and dump.” “Pump and dump” schemes are often associated with penny stock fraud and microcap fraud and are serious violations of the law. The “pump and dump” is a […]

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Investor Trap: Beware of the Churn and Burn

Posted May 22nd, 2018 by .

Categories: Investment Fraud.

Typically, stockbrokers earn commissions each time an investor enters a securities order to buy stock or a sell stock. Full-service stockbrokers earn higher commissions than online stockbrokers because unlike online stockbrokers, full-service stockbrokers provide investors with the added service of advising you when to buy, sell or hold particular investments. Because stockbrokers are paid on […]

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5th Circuit Kills DOL Fiduciary Duty Rule

Posted May 9th, 2018 by .

Categories: Investment Fraud.

The average person seeking financial advice for their retirement is unaware that the persons giving them advice are under no obligation to be loyal to their needs, to make prudent investment recommendations for them, or overall to act in their best interest. As a result, over the years many financial advisers motivated by their own […]

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SEC Proposes Regulation to Enhance Investor Protection

Posted April 19th, 2018 by .

Categories: Investment Fraud.

In an effort to enhance investor protections, the Securities and Exchange Commission (SEC) is proposing a new rule – Regulation Best Interest – that may come as a surprise to some investors. The SEC’s proposed rule requires your stockbroker to act in your best interest at the time he or she recommends an investment to […]

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Fraudulent Investment Schemes Continue to Plague Investors: Beware of the “Red Flags”

Posted April 9th, 2018 by .

Categories: Investment Fraud.

We want to share with you a disturbing tale we heard recently from an investor in a private investment fund. We share this to alert you to “red flags” that signal the high likelihood of investor fraud. If you can spot them, you can better protect yourself from financial predators. The enactment of the Dodd-Frank […]

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FINRA Acts to Protect Senior Investors

Posted February 28th, 2018 by .

Categories: Investment Fraud.

As the U.S. population ages, senior investors increasingly have become more vulnerable to securities fraud.  Too often, caregivers ingratiate themselves with vulnerable seniors, only to secure powers of attorney and then use their new powers to drain the senior’s investment account. The so-called trusted caregiver then vanishes never to be seen or heard from again. […]

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Cryptocurrencies: A Virtual Mine Field

Posted January 25th, 2018 by .

Categories: Investment Fraud.

Cryptocurrencies, such as bitcoin and ethereum, are intended to serve as a type of digital money that consumers can use in everyday commercial transactions. They may be traded on online exchanges for conventional currencies, including the U.S. dollar, or be used to purchase goods or services, usually online.  But with one bitcoin recently trading at […]

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California Financial Elder Abuse Statute – A Powerful Weapon for California’s Seniors

Posted June 1st, 2017 by .

Categories: Investment Fraud.

Click here to read the Chinese version of this post America’s population is aging. As people age, their mental faculties can diminish. They can become isolated, dependent, and frightened.  Seniors who accumulated wealth over their lifetimes become attractive targets for unscrupulous people who prey on their vulnerabilities. It generally begins rather simply. A senior citizen […]

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Investment Fraud – Traps for the Unwary

Posted April 19th, 2017 by .

Categories: Investment Fraud.

Financial matters can be bewildering. Stockbrokers are supposed to help simplify the complexities and steer us in the right direction. But sometimes, stockbrokers care more about earning commissions than they do your well-being. It results in customers being stuck with dismal investments. Customers who complain are met with vigorous denials often supported by reams of […]

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If you or someone you care about has been taken advantage of in a securities or other financial transaction, Sanford Heisler Sharp can help right that wrong.

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Sanford Heisler Sharp, LLP is a public interest law firm representing individuals and groups against corporations and governmental entities. The firm also represents individual citizens when a corporation is committing an act of fraud against the U.S. Government. As a private attorney general, Sanford Heisler Sharp, LLP specializes in employment, Title VII and wage and hour matters; representation of executives and attorneys; qui tam whistleblower cases; consumer fraud; housing discrimination; mass torts; and appellate and complex litigation.

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