Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in August, 2012

Four men—Arthur John Schlecht, Frederick Bart Gomer, Ricardo Jorge Padron, and Carlos Rodriguez—are facing federal charges for an alleged Ponzi scheme involving precious metals ... Continue reading "Alleged Precious Metals Investment Fraud Dupes Investors" »
Hedge Funds Would Be Cleared to Solicit Average Investors Under SEC Proposal Hedge funds may soon be able to solicit investments from average investors through wide advertising campaigns, if a new ... Continue reading "SEC Hedge Fund Proposal to Solicit Average Investors, Possibly Benefitting Startups" »
SEC Investigates Possible Fraud in ResCap’s Offer/Sale of Mortgage-Backed Securities The SEC is investigating Residential Capital (“ResCap”), Ally Financial Inc.’s troubled ... Continue reading "Potential Fraud in ResCap's Mortgage-Backed Securities" »
Absolutely. Everyone – based on his or her profession, experiences, and politics – has some built in bias about court cases and financial disputes. Which is why, as reported by Reuters, ... Continue reading "Who is a FINRA Arbitrator and What Difference Does the Arbitrator Selection Process Make?" »
Who is a FINRA Arbitrator and What Difference Does the Arbitrator Selection Process Make? Absolutely. Everyone – based on his or her profession, experiences, and politics – has some built ... Continue reading "In FINRA Arbitration, Does the Arbitrator Really Matter?" »
Government Watchdog Says U.S. Brokerage Audits Overrun with Deficiencies All of the U.S. brokerage auditor firms included in a sample review conducted by the Public Company Accounting Oversight Board ... Continue reading "U.S. Brokerage Audits Found Lacking, Failing to Protect Investors' Funds" »
A look through this month’s headlines shows a heated controversy over a complicated area of the market that many average investors probably don’t spend much time thinking about: high speed ... Continue reading "High Speed Trading: More Risk than Reward?" »
High Speed Trading: More Risk than Reward? A look through this month’s headlines shows a heated controversy over a complicated area of the market that many average investors probably don’t ... Continue reading "High Speed Trading and the Individual Investor" »
Stephen J. Klos, 86, recently pleaded guilty to securities fraud for an alleged Ponzi scheme that took in more than $3 million from investors in the Seattle area. According to prosecutors in the case, ... Continue reading "Elderly and Church Members Among Victims of Alleged Ponzi Scheme" »
Although stockbroker mediation can be a powerful tool for harmed investors, there are times when you are unable to come to a settlement. FINRA reports that about 80 percent of cases that pursue their ... Continue reading "What Happens When You Can't Reach a Settlement in Securities Mediation" »
SEC Charges College Football Hall of Fame Coach Jim Donnan with Running $80M Ponzi Scheme College Football Hall of Fame inductee and former University of Georgia head coach Jim Donnan and his Ohio ... Continue reading "Former University of Georgia Head Coach, Jim Donnan, Charged with $80M Ponzi Scheme" »
Some investors say they were left in debt, on food stamps, and unable to pay medical bills after being taken in by an alleged $1.9 million investment fraud scheme that is said to have focused on ... Continue reading "Alleged $1.9 Million Investment Fraud Affected Vulnerable Investors" »
FINRA Launches Conflict-of-Interest Sweep The Financial Industry Regulatory Authority (FINRA) is requesting a three-hour-long meeting with its member broker-dealers to discuss the firms’ ability ... Continue reading "FINRA Requests Conflict-of-Interest Sweep for Broker Dealers" »
Former Merrill Lynch Advisor, James Ryan Lanier, Arrested in Embezzlement Scheme, Charged with Stealing $800K from Clients James Ryan Lanier, a former Merrill Lynch advisor, has been arrested and ... Continue reading "Former Merrill Lynch Advisor Arrested for Embezzlement Scheme" »
Not every investment loss signals an investment scam or constitutes fraud, and it’s important to understand the difference between what is illegal and what’s just plain bad luck. For ... Continue reading "Investment Losses and Fraud: What You Should Know" »
Former Anchorage Man, Donald Lee Smith, Pleads Guilty to Swindling Investors Out of $311K Donald Lee Smith, of Muldrow, Oklahoma, pled guilty this week to swindling Alaskan investors out of ... Continue reading "An Investment Fraud Guilty Plea for Former Alaska Man Donald Lee Smith" »
Michigan Man, Richard Craig Stitt, Accused of Scamming Elderly Woman out of $44K in Missouri Investment Scam Missouri regulators have accused Richard Craig Stitt, of Clinton Township, Michigan, of ... Continue reading "Michigan Man Accused of Investment Scam Against Elderly" »
MetLife Mature Market Institute Releases New Study on Impact of Financial Fraud on the Elderly Each year, con artists use a variety of investment schemes to scam millions of senior citizens out of ... Continue reading "Financial Fraud / Elder Abuse Impact Study Released by MetLife Mature Market Institute" »
SEC Proposes Investor Protection Measures for Municipal Securities Markets In a recent SEC press release about the municipal securities market, the SEC said, “At the start of 2012, there were ... Continue reading "SEC Proposes Investor Protection Measures for Municipal Securities Markets" »
Robert G. Bard, of Warfordsburg, Pennsylvania, was recently arrested for his part in an alleged securities fraud scam. The indictment, unsealed after Bard’s arrest, included counts of securities ... Continue reading "Pennsylvania Man Arrested for $3 Million Securities Fraud" »
FINRA’s recently enhanced BrokerCheck database can help research your current or future financial professionals. Using FINRA’s free tool, you can search for information on brokers, ... Continue reading "FINRA's BrokerCheck Update Helps Prevent Investment Fraud" »
Although we often focus on what fraudsters do to lure investors in, a crucial part of financial fraud is what investors do to lure in the fraudsters! To protect yourself against securities fraud, you ... Continue reading "Are You Making Yourself Vulnerable to Investment Fraud?" »
New Book on Ponzi Schemes Digs Deeper into the World of the Con Artist, Offers New Solutions to Investors Ponzi schemes have made headlines since Charles Ponzi first used the technique to defraud ... Continue reading "A Review: "The Ponzi Scheme Puzzle: A History & Analysis of Con Artists & Victims"" »

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