CHICAGO, Ill. — We are in the midst of a world-wide pandemic and millions are out of work. Yet, life goes on, bills need to be paid and credit reporting agencies are still keeping track of who is making their payments on time. Most Americans are no doubt feeling the struggle but one Chicago-based investment…
Continue reading ›The U.S. Supreme Court just released its opinion in the Liu v SEC. This was a 8:1 decision, with Justice Thomas the lone dissenter. Here is my brief analysis of the Court’s opinion. I am leaving out the interesting historical discussion in the majority opinion and dissenting opinion about the history of equitable remedies and disgorgement.…
Continue reading ›Are you a small business in the state of Illinois that needs a loan to get through the coming months? If so, you might be able to get help from several state programs. Illinois Small Business Emergency Loan Fund The Illinois Small Business Emergency Loan Fund offers small businesses low interest loans of up to…
Continue reading ›Many people are understandably concerned about their investments right now (spring 2020). News of the global pandemic is enough to cause the resolve of even the most steadfast investor to falter. Why are Investors at Risk of Making Bad Investment Decisions? We have never had a time where this kind of stress was affecting this…
Continue reading ›There is one major concern that just about everybody has when they receive an SEC subpoena. That is, “How on earth am I going to pay for this?” There are two ways that you might be able to get help paying for attorney’s fees to respond to a subpoena if the subpoena is related to…
Continue reading ›It’s crucial for attorneys to understand the basics of blockchain technology and cryptocurrencies. Why? The topic of blockchain technology and cryptocurrencies may arise in a number of different types of legal cases. For example, cryptocurrencies such as Bitcoin could be considered marital assets that are subject to division in a divorce. If you’re a divorce…
Continue reading ›A new report from the non-profit Public Investor Advocacy Bar Association (PIABA) Foundation explains that investors can no longer rely on the BrokerCheck background disclosure system to investigate the backgrounds of brokers. The report was co-written by Jason Doss and Lisa Bragança; to read the full study, please Click Here. What is Brokercheck? BrokerCheck is…
Continue reading ›One of the fastest-growing cyberfrauds is the closing payment scam — the theft of home-purchase money wired for closings. How does this scam work? How can you protect yourself? How can you recover losses if you are a victim of this scam? Closing Payment Scam In this scam, the fraudsters hack the email account of…
Continue reading ›In a bankruptcy proceeding, trustees can use state fraudulent transfer law to “claw back” certain prebankruptcy payments made by the debtor. Those funds are then available for distribution to creditors as part of the debtor’s estate. The Ninth Circuit Court of Appeals recently held that the IRS is not exempt from these clawback claims. In re…
Continue reading ›Beware the substantial risks of buying annuities, particularly when you are older. When you buy an annuity you pay a chunk of money to an insurance company to get payments in the future. Sounds good, but for excessive fees you pay and the fact that you lose access to your money. What if you or…
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