South Florida Arbitration & Litigation Lawyer Blog

South Florida Promissory Note Fraud, Misrepresentation, Unregistered Sale of Securities and Unsuitable Investment FINRA Arbitration and Litigation Attorney: A Brief Description of a Promissory Note and How the Scam Works: An investment scam that has been gaining in popularity among fraudsters is the sale of promissory notes, especially to seniors. Unlike many investments today, promissory…

Investment Concerns for Professional Athletes As a professional athlete, you are exposed to financial issues that are much different from those faced by the average investor. A professional athlete’s career is much shorter than the average investor. The major difference is that the peak earning years, of a professional athlete, are typically in their 20’s…

Michael Vick’s ex-advisor, Mary Wong sentenced to more than five years in prison for running a Ponzi scheme. A former financial adviser to Michael Vick and several other NFL players has been sentenced to more than five years in prison for stealing more than $3 million from the players in a Ponzi scheme. U.S. Attorney…

South Florida, including Fort Lauderdale, Pompano Beach, Lighthouse Point, Deerfield Beach, Sunrise, Boca Raton and Delray Beach, Elder and Senior Financial Abuse FINRA Arbitration, Litigation and Probate Estate Attorney: Cold Calling – Know Your Rights – This is Especially True for Senior Citizens According to research conducted in several statewide surveys around the country, fraudulent…

Issues Related to the Purchase and Sale of Gold Coins This post is being provided for informational purposes only. The associations referenced below are not being endorsed by the writer but are solely being provided for the convenience of the reader. The gold coin business as well as the sale of other precious metals is…

Major Market Indices One of the ways that investors can attempt to determine whether or not their account performance is satisfactory, in light of their investment objectives and risk tolerance, is to compare their monthly results against an index that resembles the makeup of their portfolio. Each of the indices track the performance of a…

Fraudulent Promissory Notes One of the most recent fraud schemes relate to the issuance of promissory notes. A promissory note is a form of debt – similar to a loan or an IOU – that a company (or for that matter an individual) may issue to raise money. Typically, an investor agrees to loan money…

This post contains a copy of a report issued by the staff of the SEC, NASAA and FINRA and does not reflect the view of, or include findings or conclusions of the Securities and Exchange Commission. The full release is contained on the attached pdf. document. PROTECTING SENIOR INVESTORS:COMPLIANCE, SUPERVISORY AND OTHER PRACTICES USED BYFINANCIAL…

South Florida Elder and Senior Financial Abuse and Breach of Fiduciary Duty Litigation FINRA Arbitration and Litigation Attorney: The North American Securities Administrators Association, Inc. (NASAA) has issued a post that sets forth 10 general tips to help you protect your nest egg. I have modified this list somewhat based upon issues that I have…

In May of 2010, a fraud alert was sent out by the Securities and Exchange Commission to warn investors about a group of Internet con artists masquerading as the Securities and Exchange Commission and swindling investors. In an Investor Alert, the SEC charged that the group, which has called itself the “U.S. Securities and Equities…