Category: Securities Fraud

ATTORNEY NEWSLETTER Beware of Pump and Dump Schemes With Microcap Stocks Our securities fraud lawyers have written before in this column about pump and dump schemes and penny stocks. In a pump and dump, fraudsters artificially run up share prices (pump) and then dump the shares on the market down […]

ATTORNEY NEWSLETTER Broker Pushed More Expensive Variable Annuities L-Share and B-Share Variable Annuities Not all variable annuities are the same. Carriers offer B-share contracts with long surrender charge periods and L-share policies with shorter surrender periods but higher fees and commissions.  Both types of variable annuities may be inappropriate for […]

ATTORNEY NEWSLETTER Preventing Fraud and Abusive Practices Know Your Adviser Before You Buy Knowing who to trust for professional financial advice may be the most important step for consumers, especially seniors, when turning to an adviser for financial planning help. The San Francisco and California securities fraud and financial elder […]

ATTORNEY NEWSLETTER Tesla Whistleblowers File Embattled Tesla Denies the Claims Over this past summer, two former Tesla employees filed formal tips with the U.S. Securities and Exchange Commission (SEC) alleging misrepresentations and omissions by the automobile manufacturer in information provided investors.[1]  Both tipsters claim they were fired by Tesla in […]

Brokers and brokerage firms owe a fiduciary duty to their clients, meaning that they must deal in good faith with them and put their clients’ interests above their own. This duty arises from the unequal relationship between a broker and a client and the confidential nature of the relationship. As […]

Securities fraud is a major problem throughout the United States and there are many ways that financial professionals can violate laws designed to regulate financial markets and protect consumers.  If you are a victim of securities fraud, consult a California securities fraud lawyer at Evans Law Firm. We have extensive […]

ATTORNEY NEWSLETTER High-Risk Private Placements Private placements are securities offerings that are not registered with the Securities and Exchange Commission (SEC). Companies raise billions of dollars through private placements, especially small or start-up companies. Investing in private placements is risky and can tie up your money for a long time; […]

ATTORNEY NEWSLETTER Preventing Fraud and Abusive Practices Always Check Backgrounds Before You Buy Hopefully, you already check the backgrounds of any contractors or caregivers or others you let in your home to do work. Checking the background of anyone trying to sell you an investment is equally important!  The Securities […]

ATTORNEY NEWSLETTER Unscrupulous Stockbrokers Prey on Elderly Recently, a large national stockbrokerage discharged two veteran brokers for financial elder abuse of senior customers.[1]  One broker talked the senior into naming the broker’s children as beneficiaries on the senior’s account and the other accepted unauthorized instructions from a third party to […]

ATTORNEY NEWSLETTER Watch Out for Stockbroker Fraud If You’re a Victim, We Can Help Unscrupulous stockbrokers prey on seniors in particular. After all, seniors hold 1/3 of the nation’s wealth. And stockbrokers are looking for commissions; they don’t earn much if seniors clip coupons off municipal bonds.  Some brokers will […]