Tag Archives: Investors

Investors in Ponzi Scheme Reversed the Cook County Order Granting Defendants’ Motion to Dismiss for Lack of Standing

Six investors in Lancelot Investors, a Cayman Islands hedge fund, were suckered by the operator of a billion-dollar Ponzi scheme. They sued Lancelot’s auditors in Cook County, where the offshore company is headquartered. The lawsuit alleged that fraudulent and negligent … Continue reading

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AmEx had no duty to update investors about contract negotiations

By Anne Sherry, J.D. The Second Circuit agreed with a district court that American Express did not violate the securities laws by making—or failing to update—certain statements about its relationship with Costco. After AmEx ended its co-branding agreement with Costco … Continue reading

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On Proxy Advisors and Important Issues for Investors in 2019

Posted by Rick A. Fleming, U.S. Securities and Exchange Commission, on Sunday, April 21, 2019 Editor's Note: Rick A. Fleming is an Investor Advocate with the U.S. Securities and Exchange Commission. This post is based on Mr. Fleming’s recent remarks at SEC … Continue reading

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How Can Bankruptcy Benefit Real Estate Investors and Consumers?

Last week attorney Richard Symmes had the opportunity to be on one of our favorite podcasts for real estate investing, the Seattle Investors Club Podcast. In the episode you will learn about attorney Richard Symmes’ background and experience in bankruptcy … Continue reading

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Silicon Valley Company Settles Fraud Charge for Misstating Returns to Investors

The Securities and Exchange Commission today announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.San Francisco-based Prosper is a marketplace lender that, through its website, … Continue reading

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