Posts tagged securities fraud

• Hedge-Fund Fraud is a Growing Threat

  Staff Writer | July 17, 2006 10:10 AM | 0 CommentsDenver, CO Category: Miscellaneous
  

  In a recent Bloomberg.com article hedge-fund fraud was identified as a growing concern for investors. A taskforce designated by the President Bush to investigate corporate crime is meeting in July to discuss this threat. Hedge funds are lightly regulated and according to the head of the taskfoce, Deputy Attorney General Paul McNulty, hedge funds are "a good example of an emerging threat that we...

• Rocky Mtn Securities and Investments

  Staff Writer | January 30, 2006 7:45 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  According to an administrative order filed by the Securities and Exchange Commission, Stephen J. Horning, president of the failed Rocky Mountain Securities and Investments Inc. failed to take steps to avoid the financial collapse of the investment firm in February 2003. An administrative-law judge will hold a hearing to determine if the allegations are true. Horning, of Aurora, could face...

• Edward D. Jones Fined for Recommending Favored Mutual Fund

  Staff Writer | January 30, 2006 7:42 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  In December of 2004, Edward D. Jones entered into an Admission Waiver and Consent ("AWC") with the National Association of Securities Dealers (NASD) and was issued a Cease and Desist Order from the SEC, which resulted in fines totaling $75 million for failing to properly disclose to its clients the extent and nature of its relationship with what came to be known as "the Preferred Family of...

• Brokers Have Duty to Recommend only Suitable Investments

  Staff Writer | January 30, 2006 7:41 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  Among the numerous rules and regulations governing the securities industry, two stand out as guiding principals by which all business is to be conducted. One is to deal fairly, and the second is, "know your customer." The former is somewhat amorphous, a general precept that governs all actions; the latter is designed specifically to crystallize the proper relationship between the broker and the...

• Securities Fraud or Just a Bad Market

  Staff Writer | January 30, 2006 7:40 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  Securities Fraud can be defined as negligence or a misrepresentation or omission in connection with the purchase or sale of a security by an investment professional. Although everyone invests with the goal to increase worth, a losing investment does not necessarily equate to a cause of action against the broker for securities fraud, nor do gains on investments necessarily equate to the lack of...