2/11/2018/US SEC The Securities and Exchange Commission today announced that it has voted to adopt amendments that will require broker-dealers to disclose to investors new and enhanced information about the way they handle investors’ orders. “In the eighteen years since the Commission originally adopted its order handling and routing disclosure rules, technology […]
Frauds & Scandals
Online Marketers Charged with Conning Main Street Investors Through Rags-To-Riches Infomercials
2/11/2018/US SEC On September 27, 2018, the Securities and Exchange Commission charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. According to the SEC’s complaints, investors […]
SEC Charges Investment Adviser With Running $3.9 Million Fraud
2/11/2018/US SEC The Securities and Exchange Commission today charged a former registered representative and investment adviser in Altoona, Pennsylvania, with operating a long-running offering fraud. The SEC’s complaint alleges that Douglas P. Simanski raised over $3.9 million from approximately 27 of his brokerage customers and investment advisory clients, many of […]
