SEC Shuts Down Fraudulent Investment Adviser Targeting Senior Citizens

SEC

The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against a California-registered investment adviser and his entities to halt an ongoing Ponzi scheme targeting senior citizens in Southern California. read more »

CFTC Issues COVID-19 Customer Advisory on Commodity ETPs and Funds

CFTC

The Commodity Futures Trading Commission today issued a Customer Advisory informing the public about the unique risks associated with certain trading vehicles that use futures contracts or other commodity interests as they make investment decisions during the COVID-19 (coronavirus) pandemic. read more »

New York State Bill Would Boost Incentive for Whistleblowers During States of Emergency

LAW.COM

New York lawmakers this week have introduced a bill that would add to the incentive for whistleblowers to report fraud against the state during a state of emergency.
 

The proposal would increase the amount awarded to a person who initiates a qui tam action, if it’s based on the disclosure of information related to the use of government money during a declared state of emergency, according to a summary tied to the legislation. read more »