We cover latest news on investor lawsuits, investigations and investment fraud. Unfortunately, investment fraud is very common, especially with seniors. We report on several different kinds of security fraud that includes Ponzi-Schemes, Bad Accounting and Improper Sales Practices.
Kristopher A. Lunsford of Dacula, Georgia promised hundreds of investors steady weekly income from freight trucks. On September 24, 2026, the SEC filed settled charges against Lunsford, AKL Transport LLC, and Southern Truck Leasing LLC,
SEC Charges Kristopher Lunsford in $127 Million AKL Transport Truck-Leasing Ponzi Scheme Read More »
Manhattan federal prosecutors unsealed charges September 2 against William Sarris, the 75-year-old founder of the collapsed pre-IPO investment platform Linqto, accusing him of a $450 million scheme that drew money from more than 13,000 investors.
Austin podcast host Mike Ayala has agreed to pay more than $9.7 million to settle Securities and Exchange Commission fraud charges over an investment fund that promised fixed annualized returns of 12 to 14 percent,
SEC Settlement: Austin Podcaster Mike Ayala to Pay $9.7 Million Over Wavemark Fund Fraud Read More »
FINRA has ordered American Portfolios Financial Services, Inc. to pay $1,232,939 in restitution, plus interest, to 295 customers. The regulator also fined the firm $400,000 for failing to supervise representatives who repeatedly recommended selling unit
FINRA orders American Portfolios to pay $1.6 million over UIT supervision failures Read More »
The SEC has charged South Florida resident Michael D. Williams and his company, CMI Capital, LLC, with running an alleged investment scheme that raised approximately $860,000 from at least 18 investors. Many of those investors
FINRA has expelled New York broker-dealer Reid & Rudiger LLC and permanently barred its cofounders, Clifford Reid and chief executive Edward Rudiger, Jr. The regulator found the firm churned and excessively traded customer accounts for
FINRA Expels Reid & Rudiger and Bars Founders Over $2.7 Million Churning Scheme Read More »
The Securities and Exchange Commission filed insider trading charges against Michael T. Christensen of Boise, Idaho on September 21, 2026. Regulators allege he bought PetIQ stock and options ahead of the August 7, 2024 announcement
SEC Charges Michael Christensen With PetIQ Insider Trading Ahead of Bansk Takeover Read More »
FINRA has censured Anaheim, California-based Centaurus Financial, Inc. and ordered the firm to pay a $475,000 fine plus $634,488.56 in customer restitution over unsuitable variable annuity exchanges sold by one of its representatives. The regulator
Two former Okta sales managers will pay a combined $934,264 to settle Securities and Exchange Commission insider trading charges over put options they bought ahead of a guidance cut that sent the software company’s shares
SEC Settles Okta Insider Trading Case: Neller and Alexander Pay $934,264 Read More »
FINRA has permanently barred Minneapolis financial advisor Dan Schmid (CRD# 6658306) from the securities industry. A Letter of Acceptance, Waiver, and Consent filed in September 2026 details a $24,000 loan from a customer and the
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