April 18, 2023/US SEC The Securities and Exchange Commission today charged investment advisory firm Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service (TLH), failing to provide clients with notice of changes to contracts, and failing to maintain certain required books and records. To […]
Frauds & Scandals
SEC Charges South Florida Broker with Misrepresenting Securities Registrations to African-American Investors of the Christian Faith
April 18, 2023/US SEC The Securities and Exchange Commission today announced charges against former Broward County, Florida resident Marcus K. Moon for improperly offering investment advisory and brokerage services, predominately to African-American investors of the Christian faith. The SEC’s complaint alleges that, from at least 2020 to 2021, Moon – […]
Artificial Intelligence (AI) scams using voice cloning are the new frontier for fraudsters targeting consumers
According to the Southern African Fraud Prevention Service (SAFPS), impersonation attacks increased by 264% for the first five months of the year compared to 2021 April 18, 2023/iiDENTIFii. Imagine receiving a call, email or SMS from the authorities urgently requesting payment. The details of the request are clear, professional and […]
