How to Avoid a Financial Product Scam
U.S. News & World Report has posted an article to help investors deal with the constant bombardment of unsolicited sales pitches and investment advice, which could be great, but is more likely...
View ArticleElder Financial Abuse Reaching Crisis Levels
Elder financial abuse is an “epidemic” and likely to become much worse given that 77 million baby boomers are entering their so-called “retirement” years (See “Golden years? Financial elder-abuse now...
View ArticleOld Age Is Golden For Scam Artists
The number of financial scams targeting seniors is dramatically increasing according to a survey conducted by the non-profit Investor Protection Trust. “Swindles targeting older Americans are a bigger...
View ArticleNew Scams Threaten Investor Nest Eggs
New types of scams are posing threats to investor well-being. The North American Securities Administrators Association (NASAA), a group of state securities regulators) has identified four new types of...
View ArticleElder Financial Abuse Continues to Ravage Seniors
Financial exploitation of older Americans is a big problem and it is getting bigger. An article by Wall Street Journal columnist Kelly Greene points out that senior citizens are “very vulnerable” to...
View ArticleState Regulators are Filing More Claims Against Investment Advisers
Investment advisers and their firms are facing increased scrutiny from state regulators following enactment of the Dodd-Frank financial reform act and the high profile press coverage of the Madoff...
View ArticleSEC Sues Another Atlanta Investment Adviser for Fraud
The SEC has filed a civil action against Atlanta-based Summit Wealth Management Inc. and its president Angelo A. Alleca charging them with fraud resulting in the loss of over $17 million of investors’...
View ArticleSEC Charges Former Atlanta Attorney with Investment Fraud
The Securities and Exchange Commission charged James S. Quay, age 50, a disbarred Atlanta attorney and unlicensed financial advisor, with defrauding two elderly women he convinced to invest with him...
View ArticleThe Northern District of Georgia Sends a Strong Message to Ponzi Scheme...
Andrew Mackey, a recently convicted ponzi scheme operator who defrauded 160 metro-Atlantans through his company, ASM Financial Funding Corp., was sentenced to 27 years in federal prison by U.S....
View ArticleDOJ’s New Strategy for Dealing with White Collar Fraud
Is the federal government really getting tougher on white-collar crime? Faced with criticism for not holding big banks and their senior executives accountable for their behavior leading up to the...
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