Selecting an attorney for legal cases is a very important decision. Please enter your information below to receive a Free Consultation from an attorney in your area:
Securities
News
DISR and NASAA Announce Top 10 Investment Scams for 2004
(Washington, DC) Commissioner Lawrence H. Mirel of the District of Columbia Department of Insurance and Securities Regulation (DISR) issued a list today informing District of Columbia investors of the Top 10 investment schemes of 2004 as identified by the North American Securities Administrators Association (NASAA).
"Investors face a continuous stream of confusing scams, schemes and scandals," said Mirel. "Unfortunately, the fight against investment fraud never ceases because each year con artists discover new ways to cheat the public. Many of the scams continue to operate to defraud victims."
Securities regulators at the federal, state, and local levels of government share the common goal of protecting investors. Both NASAA and DISR have information available on-line (www.nasaa.org and disr.dc.gov, respectively) for consumers to get information about avoiding investment scams.
NASAA bases the following ranking of scams, schemes, and scandals for 2004 on a survey state securities regulators conducted. The list is based on the order of prevalence and seriousness as identified by state securities regulators: 1) Ponzi Schemes, 2) Senior Investment Fraud, 3) Promissory Notes, 4) Unscrupulous Broker/Dealer Representatives, 5) Affinity Fraud, 6) Insurance Agent Securities Fraud, 7) Prime Bank/High-Yield Investment Schemes, 8) Internet Fraud, 9) Mutual Fund Business Practices, and 10) Variable Annuities. Investors residing in the District of Columbia can submit questions about investment fraud to DISR's Fraud Bureau at (202) 442.7845 or via e-mail to Stephen.Perry@dc.gov. Questions about investment products can be submitted to the DISR's Securities Bureau via either telephone at (202) 442.7640 or e-mail to Ron.Claiborne@dc.gov.
The DC Department of Insurance and Securities Regulation (DISR) has two missions, (1) to provide fair, efficient and fast regulatory supervision of the insurance and securities businesses for the protection of the people of the District of Columbia, and (2) to create conditions that will retain and attract national and international insurance and other financial businesses to the District.
Definition:
Liquidation of a debt through installment payments.
Systemic Risk
Definition:
The risk that a default by one market participant will have repercussions on other participants due to the interlocking nature of financial markets. For example, Customer A’s default in X market may affect Intermediary B’s ability to fulfill its obligations in Markets X, Y, and Z.
Exercise Price (Strike Price)
Definition:
The price, specified in the option contract, at which the underlying futures contract, security, or commodity will move from seller to buyer.
If you live in the following cities and need an securities attorney you should contact
our Securities Attorney as soon as possible:
Branford
Bridgeport
Bristol
Cheshire
Danbury
East Hartford
East Haven
Enfield
Fairfield
Glastonbury
Greenwich
Groton
Guilford
Hamden
Hartford
Manchester
Meriden
Middletown
Milford
Naugatuck
New Britain
New Haven
New London
New Milford
Newington
North Haven
Norwalk
Norwich
Ridgefield
Shelton
South Windsor
Southington
Stamford
Stratford
Torrington
Trumbull
Vernon Rockville
Wallingford
Waterbury
West Haven
Westport
Wethersfield
Windsor
Legal Disclaimers All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Connecticut Securities Lawyers.com is not intended to be legal advice, but merely conveys
general information related to legal issues commonly encountered. Your access
to and use of this website is subject to additional Terms
and Conditions.
Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep
Did You Know?