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SEC Announces Charges against Atlanta Investment Firm and Two Executives...
On May 21, 2015 the Securities and Exchange Commission announced fraud charges against Gray Financial Group, Founder and President Laurence O. Gray, and co-CEO Robert C. Hubbard IV. According to the...
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MRI International Officers Indicted for $1.5 Billion Fraud Affecting...
Las Vegas-based MRI International Inc.’s former president/chief executive Edwin Fujinaga, Asia-Pacific executive vice president Junzo Suzuki, and general manager of Japan operations Paul Suzuki, have...
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What in the World Are Puerto Rican Bonds Doing In My Municipal Bond Fund?
The Puerto Rican bond default is a “slow motion train wreck” that has been occurring now for several years with Puerto Rico having publicly announced its intention not to pay its bond debt. Yet half of...
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Investor Alert: Wells Fargo Advisors’ Use of F-Squared Investments’...
F-Squared Investments, Inc., a SEC registered investment adviser firm, filed a Chapter 11 bankruptcy petition in July 2015 after paying $35 million and admitting wrongdoing to settle SEC charges that...
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NASAA Annual Report Shows Senior are the Most at Risk
On September 22, 2015 the North American Securities Administrators Association released their Annual Enforcement Report. The study was conducted from 49 jurisdictions throughout the United States and...
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Consumer Reports: Fraudsters Target the Elderly
In the November 2015 issue of Consumer Reports, light is shed on the fact that roughly 1 in 20 senior adults claim to have been financially abused and why seniors seem to be among the most frequent...
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SEC Announces Fraud Charges against Investment Manager
On June 29, 2015 the Securities and Exchange Commission announced fraud charges against Wisconsin-based investment advisory firm and owner Mark P. Welhouse of Welhouse and Associates Inc. The firm and...
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Florida Invest Adviser Charged with Defrauding Georgia Clients
Fraud is always a danger in the world of investment advisers. In a recent example of this, the Securities and Exchange Commission announced fraud charges against Arthur F. Jacob, age 56, and his firm,...
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State Securities Regulators Propose Model Act to Protect Vulnerable Adults...
On September 29, 2015, the North American Securities Administrators Association (NASAA) released for public comment a proposed model to help broker-dealers, investment firms, and employees to better...
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SEC Accuses VGTel Owner and Investment Advisers with Securities Fraud
On December 15, 2015, the Securities and Exchange Commission commenced an action in federal district court in the Southern District of New York against Edward Durante for fraud in the sale of millions...
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Investors have lost $1.78 Trillion so far this year
Fortune magazine reports that investors have lost $1.78 Trillion so far this year! Investors should review the asset allocation of their portfolios and determine whether or not it is appropriate given...
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A Pathway to Recovery For Investors in United Development Funding IV
Shares of United Development Funding IV collapsed 55% to $3.20 per share on Thursday, February 18, before trading was halted. UDF IV is a publicly traded REIT. The collapse occurred after the FBI...
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More on United Development Funding REITs
Following up on our previous blog post, United Development Funding IV was organized on May 28, 2008. UDF IV shares began trading on the NASDAQ under the symbol “UDF” on June 4, 2014. Prior to June 4,...
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Broker Dealers That Sold United Development Funding REITs
Following up on our previous blog post, broker dealers that sold UDF non-traded REITs to investors include, but are not limited to, IMS Securities Inc., Berthel Fisher & Co. Financial Services...
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