Articles Posted in Online Trading Fraud

Mismarked Option Orders and Execution Priority – South Florida Option Abuse Litigation and Arbitration Attorney

SEC Recently Announces Charges for Spoofing and Order Mismarking

The Securities and Exchange Commission today announced fraud charges against three Chicago-based traders accused of circumventing market structure rules in a pair of options trading schemes.

Boca Raton, Florida – Fraudulent Day Trading Scheme FINRA Arbitration and Litigation Attorney:

SEC Charges Unregistered Broker in Tampa Area With Stealing From Investors in Fraudulent Day Trading Scheme

The Securities and Exchange Commission recently charged an unregistered broker living outside Tampa, Fla., with stealing investor funds as part of a fraudulent day trading scheme.

You have heard of the word fishing but what about its cousin “phishing.”  Please read below to gain valuable knowledge about what “phishing” is and how to protect yourself.

Watch out for “phishy” emails. The most common form of phishing is emails pretending to be from a legitimate retailer, bank, organization, or government agency. The sender asks to “confirm” your personal information for some made-up reason: your account is about to be closed, an order for something has been placed in your name, or your information has been lost because of a computer problem. Another tactic phishers use is to say they’re from the fraud departments of well-known companies and ask to verify your information because they suspect you may be a victim of identity theft! In one case, a phisher claimed to be from a state lottery commission and requested people’s banking information to deposit their “winnings” in their accounts.

Don’t click on links within emails that ask for your personal information. Fraudsters use these links to lure people to phony Web sites that looks just like the real sites of the company, organization, or agency they’re impersonating. If you follow the instructions and enter your personal information on the Web site, you’ll deliver it directly into the hands of identity thieves. To check whether the message is really from the company or agency, call it directly or go to its Web site (use a search engine to find it).

South Florida, including Miami, Hollywood, Davie, Margate, Fort Lauderdale, Pompano Beach, Deerfield Beach and Boca Raton, on-line negligence, breach of contract and breach of fiduciary duty FINRA Arbitration and Litigation Attorney:

How to Protect Your On-line Presence:

Let’s hope this never happens to you: You have a few free minutes so you decide to go on-line to check your brokerage account information. Your account balance is much lower than you expect – and you know that, at least for today, neither the market nor any of your securities fell in value. You see that there were several wire transfers of money from your account to an outside checking account. But you never authorized those transactions – instead, an identity thief did, and that thief has now stolen your cash as well as your personal information.

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