http://www.stockbrokerfraudblog.com/ Published by Shepherd Smith Edwards & Kantas en-us 2012-02-06T20:15:06-06:00 http://www.stockbrokerfraudblog.com/2012/02/sec_and_sipc_go_to.html The US Securities and Exchange Commission is asking District Judge Robert Wilkins to make the federal Securities Investor Protection Corp. set up a claims process for the Ponzi fraud victims of R. Allen Stanford. These investors had purchased $7.2B in... Ponzi Scams stockbrokerfraudblog-1 2012-02-06T20:15:06-06:00 http://www.stockbrokerfraudblog.com/2012/02/amerifirst_funding_corp_owner.html The former COO of AmeriFirst Acceptance Corp. and AmeriFirst Funding Corp. was recently convicted of multiple counts of Texas securities fraud and mail fraud for his involvement in bilking over 500 investors of over $50 million. A lot of the... Texas Securities Fraud stockbrokerfraudblog-1 2012-02-03T15:53:21-06:00 http://www.stockbrokerfraudblog.com/2012/01/finra_investor_education_found.html In an effort to help incoming National Football League members from getting their careers started on solid financial ground, the NFL and the Financial Industry Regulatory Authority Investor Education Foundation are working with each other to help educate players and... FINRA stockbrokerfraudblog-1 2012-01-31T01:16:23-06:00 http://www.stockbrokerfraudblog.com/2012/01/finra_tells_financial_firms_to.html The Financial Industry Regulatory Authority has put out a formal notice to stockbrokers to let them know that complex financial products must come under the focus of heightened supervision. According to the SRO, a complex product is one with numerous... FINRA stockbrokerfraudblog-1 2012-01-30T00:50:36-06:00 http://www.stockbrokerfraudblog.com/2012/01/kbs_cap_markets_nontraded_reit.html If you have sustained losses from investing in KBS Cap Markets Non-Traded REITs or any other non-traded REITs, do not hesitate to contact the securities fraud law firm of Shepherd Smith Edwards and Kantas, LTD, LLP right away to request... Non-Traded REITs stockbrokerfraudblog-1 2012-01-29T22:41:14-06:00 http://www.stockbrokerfraudblog.com/2012/01/sec_charges_first_resource_gro.html The SEC is accusing First Resource Group LLC and its founder David H. Stern of violating sections of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Commission contends that they ran a boiler room scam... Financial Firms stockbrokerfraudblog-1 2012-01-28T23:59:39-06:00 http://www.stockbrokerfraudblog.com/2012/01/texas_securities_fraud_bny_mel.html BNY Mellon Capital Markets LLC has agreed to pay the states of Texas, Florida, and New York $1.3M to settle allegations that it was involved in a bond bidding scam to reduce Citizens Property Insurance Corp. of Florida’s borrowing expenses.... Auction-Rate Securities stockbrokerfraudblog-1 2012-01-24T18:10:46-06:00 http://www.stockbrokerfraudblog.com/2012/01/jury_trial_begins_in_ponzi_sca.html Two-and-a-half years after he was arrested for allegedly running a $7 billion Ponzi scam, the criminal trial of Allen Stanford has begun. The Texas financier is charged with 14 counts of fraud, conspiracy to commit money laundering, and conspiracy. He... Ponzi Scams stockbrokerfraudblog-1 2012-01-23T18:03:04-06:00 http://www.stockbrokerfraudblog.com/2012/01/unsealed_documents_in_544m_fin.html Last month, a US judge refused Citigroup’s request to overturn a $54.1M arbitration award that a Financial Industry Regulatory Authority arbitration panel had ordered the financial firm to pay investors Gerald D. Hosier, Jerry Murdock Jr. and Brush Creek Capital.... Financial Firms stockbrokerfraudblog-1 2012-01-21T13:54:29-06:00 http://www.stockbrokerfraudblog.com/2012/01/citigroup_global_markets_settl.html FINRA says that Citigroup Global Markets will pay a fine of $725K for not disclosing specific conflicts of interest during public appearances made by research analysts and in research reports. By settling, Citigroup is not denying or admitting to the... Financial Firms stockbrokerfraudblog-1 2012-01-20T00:21:41-06:00