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Securities Articles

$63 Million for Securities Fraud Victims

May 18, 2012. By Gordon Gibb.

Washington, DC: Anyone caught up in the Qwest securities fraud scandal would be buoyed by the news that $44 million in ill-gotten funds will be returned to victims of the crime, according to a statement released earlier this month by the US Department of Justice.

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Groupon Faces Class-Action Lawsuit

April 13, 2012. By Heidi Turner.

Chicago, IL: Groupon reportedly faces a class-action lawsuit alleging securities fraud on the part of the company when it filed its IPO. The Groupon lawsuit, which has not been certified as a class action, joins other securities fraud litigation in allegations that companies committed stock option fraud or securities investment fraud by misleading investors.

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SEC Securities Fraud Investigation Nets Results

March 21, 2012. By Gordon Gibb.

Washington, DC: The Securities and Exchange Commission (SEC) has brought the hammer down on a number of perpetrators in a securities fraud case. The issue stems from an investigation that led to charges, in June of 2010, of securities fraud against three gentlemen from California and one from New Mexico.

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Madoff Securities Fraud Lawsuit Affects Investors Across US

March 7, 2012. By Heidi Turner.

San Diego, CA: California might seem far removed from the Bernard Madoff securities fraud that was centered in New York, but investors across the country were affected by the securities investment fraud. Now, even the owners of the New York Mets may have to pay, following the investigation into Bernard Madoff's fraud and subsequent securities fraud litigation.

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New Securities Fraud Case Has Link to Galleon Group

February 23, 2012. By Gordon Gibb.

Atherton, CA: The point man of a large securities fraud case may already be behind bars, but that hasn't stopped allegations against others from emerging. To that end, the Securities and Exchange Commission (SEC), together with the US Federal Bureau of Investigation (FBI), have bestowed upon a California resident charges of insider trading.

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Charles Schwab Faces Allegations of FINRA Violations

February 9, 2012. By Heidi Turner.

Washington DC: The Financial Industry Regulatory Authority (FINRA) has announced that it filed a complaint against Charles Schwab & Company, alleging the company's agreements violated FINRA rules. Financial firms frequently have customers sign an agreement that sets out how disputes will be handled in the case of securities fraud allegations or concerns about stock fraud, either nationally or in states such as California, Washington and Nevada. Customers with claims of California securities investment fraud and other wrongdoing either turn to a securities lawsuit or an arbitration to settle their disputes.

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Is Securities Fraud behind Bond Default in Washington State?

January 23, 2012. By Gordon Gibb.

Wenatchee, WA: There is an expectation that disgruntled bondholders tied to an arena development in Washington state will launch a lawsuit alleging securities fraud, amidst other allegations. The Town Toyota Center, located in Wenatchee, went into default December 1 and is projected to lose $400,000 in 2012. Meanwhile, investors holding $42 million in bonds are reportedly not happy.

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Securities Lawsuit Trends in 2011

January 11, 2012. By Heidi Turner.

New York, NY: A look back on trends in 2011 securities lawsuits shows that 2011 was not much different from previous years. The number of securities fraud lawsuits filed was reportedly in line with other years, while the payouts from securities fraud litigation was the third highest on record. The number of lawsuits linked to the credit crisis is now decreasing, although other securities lawsuits are holding steady or increasing.

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Not-So-Happy Holidays with California Securities Fraud

December 28, 2011. By Gordon Gibb.

Orange County, CA: There's nothing like a good securities fraud story at the end of the year to bring perspective to the task of wrapping everything up for the upcoming tax season. As much as we may lament the performance of our stocks and securities, at the end of the day, few of us find ourselves in the crosshairs of stock investment fraud. But some do. And just in time for Christmas, a California man was sent behind bars for securities fraud.

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SEC Charges Fannie Mae and Freddie Mac Executives with Securities Fraud

December 17, 2011. By Heidi Turner.

Washington, DC: Six former Fannie Mae and Freddie Mac executives have been charged with securities fraud, the Securities and Exchange Commission (SEC) announced on December 16, 2011. Allegations against the officials included securities investment fraud activities such as misleading statements to the SEC, investors and the media, which resulted in increasing the companies' market share. The securities fraud litigation reportedly involves statements made between 2006 and 2008 by Fannie Mae and Freddie Mac executives.

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