News

The Financial Industry Regulatory Authority (FINRA) has sued Sandlapper Securities, LLC and its principals, Trevor Lee Gordon and Jack Charles Bixler, for defrauding investors by charging them excessive, undisclosed markups on investments in saltwater disposal wells. According to FINRA’s Complaint, Gordon and Bixler formed a fund to invest in saltwater disposal wells. They sold interests [...]

The Securities and Exchange Commission (SEC), the federal agency charged with protecting investors in the financial markets, recently warned that paid-to-click (PTC) online ads may be an investment scam. SEC is warning investors about scams involving online paid-to-click ad programs. These PTC ad programs often promise investors a piece of the company’s profits in exchange [...]

The Morgan & Morgan Business Trial Group is currently investigating a global fraudulent scheme involving binary options, which are options contracts in which the payout is determined entirely upon the whether the price of a particular asset—like a stock—will rise or fall below a specified amount. Unlike a typical option contract, binary options do not [...]

Thomas J. Buck, a former broker at Merrill Lynch, agreed to a $5 million settlement with the Securities and Exchange Commission (SEC) over allegations that he overcharged his clients millions of dollars in fees. Former Merrill Lynch broker Thomas J. Buck profited $2.5M in excessive fees from at least 50 clients. The SEC accused Buck [...]