Ebola Concerns May Lead to Treatment Scams: FDA, FINRA Warn
The FDA and FINRA warn that scammers are preying on U.S. fears of Ebola with fake cures and fake stocks to invest in those fake cures.
Tag Archives: Stock Fraud
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Supreme Court Clears Way for Zicam Investor Lawsuit To Proceed
The U.S. Supreme Court has indicated that a stock fraud lawsuit can move forward against the makers of the cold remedy Zicam, whom investors say misrepresented their company’s growth potential…
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Lawsuits Over BP Oil Spill Filed in 11 Different States
Individuals, businesses, investors and even several states have filed lawsuits over the BP oil spill in the Gulf of Mexico, claiming damages from the catastrophic environmental disaster.
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OppenheimerFunds Settlement Results in $77M Payment to Illinois
OppenheimerFunds Inc. has agreed to pay $77 million to the state of Illinois to settle an ongoing investigation into the management of the state’s college savings fund.
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Medical Capital Notes Class Action Lawsuit Filed for Investors
A class action lawsuit has been filed on behalf of investors who purchased Medical Capital Notes, alleging that several brokerage firms violated federal securities laws by selling the unregistered notes…
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Oppenheimer Fund Lawsuit Settled for $20M
OppenheimerFunds Inc. has reached a $20 million settlement with the state of Oregon, which accused the company of investment fraud over the management of a college investment plan that lost…
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Losses Awarded in Charles Schwab YieldPlus Arbitration Claim
An arbitration panel through the Financial Industry Regulatory Authority (FINRA) has ruled against Charles Schwab, ordering the firm to pay a family 125% of their out-of-pocket investment loss as a…
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Morgan Keegan Mutual Fund Claim Results in $1.5M Arbitration Award
A former pro basketball player has been awarded $1.46 million in an arbitration claim over investment losses associated with certain Morgan Keegan mutual funds, which suffered dramatic losses as a…
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Medical Capital Losses Lead to Investor Arbitration Claims and Lawsuits
Several brokerage firms face potential arbitration claims and stock fraud lawsuits from investors who suffered losses in Medical Capital investments, as the Securities and Exchange Commission (SEC) has filed fraud…
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Stanford CD Class Action Lawsuit Filed by Defrauded Investors
A class action lawsuit has been filed against Stanford Group Co., Stanford Financial Group and other related entities on behalf of investors who lost money in a $9.2 billion investment…
