No Recovery, No Fee

424-835-5733 | 310-525-3516

You may have lost money in your investment portfolio,
due to mismanagement and not even know it.

Los Angeles Securities Law Blog

Buyer-beware world: we certainly live in one

Are you getting a bit tired of acronyms?

With the frenetic speed and pace that marks modern life today, much seems to be compressed in a manner that pushes abbreviated meanings and allows for progressively more information and data to encroach upon our personal lives.

SEC moves to simplify disclosures in investor communications

A new rule for corporate compliance may be on the way for publically traded companies. The U.S. Securities and Exchange Commission has issued a new proposed rule that would simplify the disclosures such companies would have to make to investors. These disclosures are commonly made in annual reports, stock prospectuses and other required filings.

The rule was officially proposed on Oct. 11 and is entitled "FAST Act Modernization and Simplification of Regulation S-K."

What is FINRA?

If you are among the many California investors who has concerns about the safety of the investments you make, you may take comfort in knowing there is an agency looking out for your well-being. The Financial Industry Regulatory Authority, Inc., works to protect you through education, discipline and enforcement.

By overseeing those who work in the investment industry, FINRA's mission is to uphold the integrity of the market so you will have confidence in your transactions. However, even the presence and activity of FINRA does not mean certain brokers will refrain from taking advantage of you or mismanaging your investments.

Recent SEC probe highlights unsuitable trading, churning

Good-faith investors were essentially "doomed" by strategies pursued by several advisers at one investment brokerage, notes a recent Investment News article chronicling fraudulent practices that yielded sharp losses for customers.

The SEC has taken legal action against three brokers who worked in past years for a New York investment company. An enforcement director with the commission states that their conduct flatly eliminated "any realistic possibility of … making money for anyone other than themselves."

Investment scammers can easily hurt legions of people

It is interesting -- and many readers might also note distressing -- to recurrently see stories featuring defendants who commit a criminal act that arguably hurts no one other than themselves and nonetheless receive lengthy (sometimes decades-long) prison sentences.

The perplexing aspect of such outcomes owes largely to the contrastive civil and/or criminal penalties that often accompany the architects of financial scams that sometimes bilk many hundreds -- even thousands -- of people out of money that they have worked long and hard to save.

Judge says defendant's fraud-related remorse doesn't mitigate

"Well, there was a liquor store, just as he contended."

That was our opening sentence in a May 16 blog post that chronicled the material developments relating to a high-profile scam seeking money from investors to support the operations of a business that, while existing, was seriously misrepresented by its Ponzi scheme creator.

Whose fault is it when your investments fail?

To say you are having a bad day is putting it mildly. Your investments have gone south, and you are running the gamut of emotions -- dread, disappointment, frustration, anger. Maybe you were counting on these investments to carry you through retirement, or you had plans to take a trip or start a business with your gains. Maybe you just lost your life's savings.

Your first impulse is to blame your broker. After all, you trusted this person with your money, and instead of reaping the profits, you have to start over. While it may seem logical to accuse your broker of wrongdoing, the first step may be to examine your role in your investments.

Phantom hoax: Investment fraud re fake ticket sales

Here's the way it was hyped to would-be investors: Help purchase huge blocks of discounted tickets for major concerts and thereafter share in the outsized profits reaped from their resale at higher prices.

Here's the way it actually unfolded: The money of investors who both figuratively and literally bought that pitch actually went toward huge casino debt incurred by a team of scammers, with just enough of the funds sprinkled back on early investors to perpetuate the fraud for a brief period before it ultimately collapsed.

Rise and fall: once lauded, CA securities broker now disbarred

Just as is the case in other industries, in the securities realm, too, the mighty sometimes fall.

Occasionally they do so because they simply can't repeat prolific performance from the past, despite their best efforts made on behalf of trusting clients. Sometimes market conditions just don't allow for outsized gains in a sustained manner.

Our Office Location

The Law Offices of Marc I. Zussman
10250 Constellation Blvd.
Suite 2300
Los Angeles, CA 90067
Map & Directions

Local: 424-835-5733
Local: 310-525-3516
Toll Free: 866-451-2517
Fax: 310-525-3528