The SEC’s Office of Investor Education launched a public service campaign for older investors to continuously educate themselves on protecting their finances.
Investors
What is a Broker CRD Number
Introduction A broker’s CRD number is a unique identifier FINRA assigns to each registered person and entity. It’s used to track their employment history, licensing, and disciplinary actions throughout their career in the financial industry. Understanding the importance of CRD numbers can help investors make informed decisions about who they […]
SEC Charges Three Sales Agents at StraightPath Venture Partners With Fraud and Unregistered Broker Activity
March 23, 2023 —The Securities and Exchange Commission has charged three individuals for selling interests in pre-IPO companies without registering as broker-dealers and misleading investors about associated fees. Scott Hollender, Gabriel Migliano, Jr., and Frank Vecchio were accused of actively soliciting investments for funds set up as series limited liability […]
Securities Arbitration Overview-2023 Update
Securities Arbitration is not like any other proceeding Background Arbitration is a dispute resolution process, which is an alternative to the traditional lawsuit in court. Rather than have a matter decided by a judge and jury, participants to an arbitration proceeding have their dispute resolved by an impartial panel […]
Investor Legal Information Center
Sponsored by Mark J. Astarita, Esq. – representing brokers and investors in securities and employment disputes for over 30 years. Have a securities law question? Call his office today – 212-509-6544 or email him Introductory Materials Federal Securities Laws -introduction and overview of the cases and statutes that comprise the United […]
Ozy Media and Executives Charged with Defrauding Investors of $50 Million
The Securities and Exchange Commission has charged media and entertainment company Ozy Media Inc. and its executives with defrauding investors of approximately $50 million through misrepresentations regarding the company’s financial condition, business relationships, and fundraising efforts. The CEO of Ozy Media, Carlos R. Watson, Jr., the former COO Samir Rao, […]
Issues with Self-Directed IRAs
Self-Directed IRAs: A Gateway to Financial Empowerment? Many investors believe that using a self-directed IRA will give them greater control over their retirement savings and greater potential profits. As financial professionals are aware, unlike traditional IRAs, self-directed IRAs empower account holders to diversify their investment portfolios by venturing beyond the […]
What Is FINRA
FINRA is the Financial Industry Regulatory Association and is the successor to the National Association of Securities Dealers. FINRA is authorized by Congress to regulate and oversee the broker-dealer industry, ensuring that it operates fairly and honestly. It oversees over 4,000 brokerage firms and more than 600,000 brokers across the […]
What is FINRA
FINRA, the Financial Industry Regulatory Association, is the successor to the National Association of Securities Dealers and is authorized by Congress to regulate and oversee the broker-dealer industry, insuring that it operates fairly and honestly. It oversees over 4,000 brokerage firms and more than 600,000 brokers across the country—and analyzes […]
IRS Delays Rule For Reporting Venmo, Etsy, Airbnb Payments
New York CNN — Anyone getting paid for their goods and services through apps like Venmo, PayPal or CashApp, or platforms like Etsy and Airbnb, just got a reprieve from the IRS. Following concerns expressed by the tax community, the electronic transactions industry and some lawmakers, the IRS said Friday […]
