Financial crimes are growing more prevalent in Michigan and across the nation and seniors are frequently the most victimized demographic. Securities fraud is problematic because is difficult to detect before it is too late. This goes beyond simple acts of theft and...
Securities Litigation
Lying is not only the only reason a broker can be held liable
Obviously, financial professionals should not lie to their clients or commit fraud with the client’s money. Those who manage money on behalf of other people need to be basically honest. If they are otherwise, then their clients may be entitled to compensation....
Michigan man accused of securities violations with crowdfunding
In Michigan and across the nation, investment opportunities in new industries are coming up with stunning regularity. Whether it is an innovation like bitcoin, a business that is still in its infancy like legal marijuana or new ventures that could help with...
How can Rule 10b-5 help victims of securities fraud?
Victims of securities fraud, or other related bad acts, are not just high-earners and the ultra-wealthy. Many residents of Southeast Michigan can get caught up in trading schemes that benefit the person who thought the scheme up but at the expense of innocent...
Michigan man faces securities fraud charges
For Michigan residents who are involved in the stock market or are considering investing, it can be difficult to know whom to trust with their money. This is true whether the person is interested in supplementing their income with light investing in safe entities or...
Michigan pension fund files securities litigation against bank
In Michigan, groups who trust their future in retirement systems and pension funds are doing so in the hopes that their contributions will be protected. Part of the role of many of these funds is to invest wisely and grow in value. Overseers of these funds will use...
Misrepresentations and omission in 10b-5 claims
Securities fraud is more widespread than many people realize, wreaking havoc on unsuspecting investors who wanted nothing more than a little financial stability. This is unacceptable. While the criminal justice system may take action against those financial...
Golf course owner and financial advisor charged with fraud
Investors place their trust in the hands of financial advisors and there can be catastrophic financial consequences when this reliance is abused. Criminal prosecution and civil securities litigation are intended to deter this fraud and deception. Federal prosecutors...
How to prove churning
Investors understand that they may lose a lot of money in the process, but what they do not expect is for their broker to be the cause of that financial loss. In Detroit, beginning legal proceedings against your broker is possible if there are grounds for you to do...
What are some situations that can lead to a securities claim?
Sometimes investors in Detroit experience losses that are simply due to the current economic conditions. Other times, however, investment losses are due to wrongdoing that has nothing to do with market forces. When this happens, it could give rise to securities...