News

The New Jersey Bureau of Securities (Bureau) fined LPL Financial $950,000 and an additional $25,000 to be put into a state investor education fund over supervisory failures tied to sales of illiquid investments. Did your LPL broker overconcentrate your portfolio with illiquid investments? Contact the Business Trial Group for a free case review. LPL Brokers [...]

The New York Department of Financial Services (DFS) fined Credit Suisse AG $135 million for unlawful conduct that disadvantaged customers. According to the DFS’s investigation, for nearly a decade Credit Suisse foreign exchange traders secretly shared confidential customer information, coordinated trading activity, and attempted to manipulate currency prices. Through this cooperative effort, these traders sought [...]

With the rise in popularity of Bitcoin and the cryptocurrency market, initial coin offerings are becoming more prevalent investments options that appeal to investors who are not fully aware of the risks associated with investing in this largely unregulated market. Initial coin offerings (ICOs) are similar to initial public offerings (IPOs) except that investors are [...]

A New York judge tossed out Harvey Keitel’s lawsuit against ETrade Financial Corp., finding that the online brokerage never entered into a legally binding agreement to pay the actor to star in television commercials. Keitel argued the parties had a “meeting of the minds” but the Court disagreed. Keitel was hoping for a different legal [...]