Jordan D. Maglich
California Woman Sentenced to Prison in $7 Million Ponzi Scheme

A California woman was sentenced to nine years in prison for orchestrating a Ponzi scheme that took in nearly $7 million from investors. Guadalupe Valencia, 47, of West Covina, California, was sentenced by United States District Judge S. James Otero...

Robert Fusfeld
FINRA Bar of Rep Who Failed To Disclose Disbarment As Attorney Upheld

Richard A. Neaton , Exchange Act Rel. 65598, October 20, 2011 FINRA barred Neaton for failing to disclose disciplinary actions on his Form U4 application. The commission upheld the sanction on appeal. FINRA sanctioned Neaton for failing to amend...

Kevin M. LaCroix
Meanwhile, The Number of Failed Banks Continues to Mount

Early on during the current wave of bank failures, there were some pretty reckless predictions about how many banks might fail - indeed, some commentators suggested as many as 1,000 banks might ultimately fail, a prediction that I disputed at the...

Jordan D. Maglich
Rothstein Victims' Lawsuit Against TD Bank Scheduled to Begin Monday

The trial between a group of Texas investors defrauded in Scott Rothstein's $1.4 billion Ponzi scheme and the bank they claim helped Rothstein facilitate his scheme, TD Bank, is scheduled to begin October 24th. The victim, Texas-based investment...

Alexander Davie
One More Reason to Comply with Securities Laws: Potential Loss of Your IP

As I've mentioned before, it's very important for growing companies to comply with securities laws , even during the initial seed and friends and family rounds of financing. The possibility of lawsuits and even fines and other criminal penalties...

Ballard Spahr LLP
Consumer Financial Protection Bureau Issues Supervision and Examination Manual

by the Consumer Financial Services Group The Consumer Financial Protection Bureau (CFPB) has issued the first edition, or "Version 1.0," of its Supervision and Examination Manual . The manual will be used in CFPB examinations of insured depository...