Securities Arbitration Articles - The Hayes Law Firm

Home / Media Room / Articles

Explore this section to keep up to date with our news, articles, and current events.

Featured:

Read Debra Hayes as quoted in a Wall Street Journal Article on Morgan Keegan Securities Arbitration [read more]

Our articles are posted below:
Click on a summary to view the full article.

>>> January 29, 2009

Cosmo Ponzi Scheme Took in $370 Million, U.S. Says

Jan. 27 (Bloomberg) -- Nicholas Cosmo, founder of Agape World Inc. in Hauppauge, New York, swindled investors out of more than $370 million and used the money to pay for limousines, fund a baseball league and pay off a restitution order from an earlier fraud, U.S. authorities said.

>>> January 27, 2009

Investor Information - Auction Rate Securities (ARS) Settlements by FINRA and SEC

As of the end of 2008, FINRA had announced agreements in principle with 8 firms to settle ARS violations that provided for the repurchase of approximately $2 billion in such securities from investors affected by the developments leading to multiple auction failures earlier in the year. The firms also agreed to pay several million dollars in fines. FINRA is continuing investigations of numerous other firms.

>>> January 26, 2009

Finra enforcement sweep targets RIA referrals

By Dan Jamieson

The enforcement division of the Financial Industry Regulatory Authority Inc. is looking into how brokerage firms refer investors to money managers.

>>> January 22, 2009

US bill aims to boost FBI, SEC fraud investigators

Reporting by Julie Vorman, editing by Gerald E. McCormick

WASHINGTON, Jan 22 (Reuters) - Legislation to target Wall Street fraud and white-collar crime by hiring hundreds more FBI agents, federal prosecutors and securities enforcement lawyers was introduced by two senior senators on Thursday.

>>> January 21, 2009

Hedge Fund Run by Ex-Bondsman Is Ponzi Scam, SEC Says

By David Scheer, Bloomberg

Jan. 21 (Bloomberg) -- A former Texas bail bondsman who told investors he ran a $45 million hedge fund and installed a swimming pool at his office was sued by U.S. regulators for allegedly operating a Ponzi scheme.

>>> January 19, 2009

Cohmad, Jaffe Draw Closer Look

By ROBERT FRANK, TOM LAURICELLA and AARON LUCCHETTI

Regulators Raise Heat on 'Feeder' Firm; Testimony in Massachusetts

>>> January 15, 2009

Reserve Fund’s Fraud Started After Call With SEC, Galvin Says

By Christopher Condon and Cary O’Reilly

Jan. 15 (Bloomberg) -- In about four minutes, Bruce Bent II stepped from trying to bail out the flagship money-market fund of Reserve Management Co. to committing fraud, according to a complaint filed by Massachusetts regulators.

>>> January 14, 2009

SEC Approves FINRA Rule to Drastically Limit Motions to Dismiss in Arbitration

Abusive Motions to Dismiss Cases Will Face Stringent Sanctions

Washington, DC — The Financial Industry Regulatory Authority (FINRA) today announced that the Securities and Exchange Commission (SEC) has approved an important change FINRA requested to its dispute resolution rules that will significantly reduce the frequency of motions to dismiss arbitration cases before investors have a chance to present their case.

>>> January 13, 2009

Massachusetts Accuses Reserve of Fraud

By STEVE STECKLOW

Massachusetts today accused Reserve Management Co. of fraud for allegedly making false statements about its plans to support the Reserve Primary Fund's net-asset value around the time it "broke the buck" in September.

>>> January 12, 2009

Madoff to Remain Free, Judge Rules

By Amir Efrati and Chad Bray

A federal judge on Monday denied prosecutors' request to jail money manager Bernard Madoff for allegedly violating a court order by mailing more than $1 million worth of valuables to friends and family.

>>> January 8, 2009

Philadelphia Firm Accused of $50 Million Ponzi Scam

By David Scheer

Jan. 8 (Bloomberg) -- U.S. regulators sued a Philadelphia- area investment-fund manager and his firm, claiming he has been running a $50 million Ponzi scheme since at least 1995 that bilked charities and schools.

>>> January 7, 2009

Madoff should be jailed - U.S.

By Aaron Smith, CNNMoney.com staff writer

Prosecution in Ponzi case say that Madoff violated bail by sending valuables to relatives.

>>> January 6, 2009

Why We Keep Falling for Financial Scams

by Stephen Greenspan

Intelligent people have long been ruined by frauds. Psychologist Stephen Greenspan, who specializes in gullibility, explores why investors continue to be swindled -- and how he came to lose part of his savings to Bernard Madoff.

>>> January 5, 2009

DOUBLE CHECK YOUR ADVISER’S CREDENTIALS

by Sarah Zanoff

They might not have as much experience as you think they do. Some potential retirement advisers might have multiple certifications attached to their name, but they do not necessarily come from a legitimate source. There is a possibility the initials could simply be an advertising ploy to gain your business.

View more articles:

Tell a friend about this website