Browsing Category "Fraud"

Merrill Lynch fined for late U5 filing

Merrill Lynch fined for late U5 filing

Posted by on Jan 21, 2015 in Fraud, Stockbroker issues

The U-5, the Uniform Termination Notice, is an important part of the information flow in the securities industry.  When a Registered Representative leaves a firm, a U-5 must be filed.  The firm has 30 days to do so.  Most firms […]

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A Senior Citizen Scam “-” Michael Lieberman at 866-883-2294 who claims to be from a law firm.

A Senior Citizen Scam “-” Michael Lieberman at 866-883-2294 who claims to be from a law firm.

Posted by on Jul 10, 2014 in Cold callers, Fraud, Marc's Blog

I am not the only lawyer in my family.  My sister, Andrea, is a bankruptcy lawyer in New Jersey.  My dad is a retired lawyer after having practiced 40 years with one firm in Pennsylvania.  I have three other members […]

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SEC files insider trading charges involving Post-it note eating.

SEC files insider trading charges involving Post-it note eating.

Posted by on Mar 19, 2014 in Fraud, Securities Regulation

OK, here’s a tip.  If you feel compelled to eat Post-it notes or napkins because you don’t want someone to know what you’re doing, your conduct is probably bad.  Apparently, the “middleman” in this insider trading scheme didn’t see anything […]

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Madoff Trustee victorious in calculating “profits”

Madoff Trustee victorious in calculating “profits”

Posted by on Mar 2, 2010 in Fraud, Madoff

The New York Times reports that Irving Picard, the SIPC trustee in the Bernard Madoff Securities liquidation, was successful in justifying his method of validating claims. His method, which uses the traditional “cash-in, cash-out” methodology, is one that has been […]

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