The Securities and Exchange Commission (SEC) recently announced a whistleblower award to three people who jointly provided a tip about an undisclosed fraud targeting retail investors. The whistleblowers themselves had been harmed by the fraud. The information that the whistleblowers provided to the SEC resulted in a successful enforcement action. The whistleblowers will receive a […]
If you are one of the thousands of businesses that was financially affected by the sudden collapse of MyPayrollHR and the arrest of the payroll company’s CEO, you may have a legal case to recover your losses. MyPayrollHR conducted online payroll services for companies across the United States prior to its sudden closing on or […]
It was recently reported that the Securities and Exchange Commission is investigating whether Barclays Plc violated securities laws relating to its marketing practices for certain bonds backed by commercial property. The SEC’s probe allegedly involves sales in 2018 of bonds backed by hotels. The probe allegedly began after Barclays’ former head of commercial real estate trading and […]
FINRA recently announced sanctions against Summit Brokerage Services, Inc. for supervisory failures relating to excessive trading. Summit has agreed to pay over $880,000 for its supervisory failures, including over $500,000 in restitution to customers whose accounts were excessively traded. According to FINRA, a former Summit registered representative – who FINRA previously had barred – committed […]
