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15 Nov 2023, 12:15 am
  He found that OppFi's prearranged purchase of 90% of the receivables was consistent with the bank's right under Section 27 of the Federal Deposit Insurance Act to assign, sell or otherwise transfer its loans. [read post]
14 Nov 2023, 9:05 pm by renholding
We examine whether they are associated with a change in the quality of sell-side financial analysts’ information about firms in the same industry as the target firms that delist. [read post]
14 Nov 2023, 9:01 pm by renholding
Regulators routinely use these records to police prohibited short selling activity. [read post]
SEC Charges Middlesex Mortgage Group and Masanotti with Running $5.9 Million Ponzi Scheme The U.S. Securities and Exchange Commission (“SEC”) has alleged that unregistered investment adviser John A. Masanotti, Jr. (“Masanotti” of Darien, Connecticut and his company, Middlesex Mortgage Group LLC (“MMG”), with fraud in connection with investments that MMC induced from outside investors, totaling least $5.9 million, beginning in 2016. Many of the MMG investors allegedly liquidated securities they held in retirement accounts to invest in the fund. The SEC Complaint is accessible here. According to the SEC. MMC and Masanotti allegedly used investor money to make Ponzi-like payments to investors and also used some investor funds for Masanotti’s “extravagant personal expenses,” According to the SEC, Masanotti told investors that MMC would invest their money in foreign currencies, securities and initial public offerings, but in fact MMC appears to have made no investments on their behalf. After receiving their initial payments, Masanotti continued to deceive investors to perpetuate the investment scheme, including via payments that purported to be returns on capital invested, the SEC said. Over the course of the scheme, Masanotti allegedly used more than $3 million of Middlesex’s assets for his and his family’s personal benefit, according to the suit. The SEC accuses Masanotti of violating the Securities Act and the Exchange Act. A Ponzi scheme is a purported investment vehicle in which early investors in the scheme are paid funds from later investors, thus creating the illusion of legitimacy and solvency. Ponzi schemes are often doomed to failure once the perpetrator of the scheme can no longer pay out investors through newly raised money. Some warning signs that every investor should remain mindful of when vetting a potential investment and conducting due diligence include the promise of high returns with guarantees of little or no risk; overly consistent returns with little or no volatility in the in
14 Nov 2023, 4:30 pm by InvestorLawyers
While legitimate broker-dealers and investment advisors sometimes sell investments that turn out to be Ponzis, wittingly or unwittingly, frequently unlicensed sales agents are involved. [read post]
14 Nov 2023, 2:04 pm by Alexis Hancock
There are several factors that contribute to this: multiple devices manufactured in the same facility, lack of standards on security when choosing components, and lack of quality assurance and scrutiny by the vendors that sell these devices. [read post]
14 Nov 2023, 12:56 pm by Bill Marler
Recommendations for the Public (Parents, Caregivers, Guardians) Do not buy, eat, sell, or serve recalled cinnamon-containing applesauce pouch products because they may contain lead. [read post]
14 Nov 2023, 12:45 pm by Jonathan Bench
We do this because PE groups are M&A experts and consistently sit on both the buy and sell side of the China business world. [read post]
14 Nov 2023, 12:33 pm by Ross B. Intelisano and Christopher Keogh
Options overlay strategies use underlying assets, such as equities, cash, and bonds, as collateral to buy and sell options. [read post]
14 Nov 2023, 10:52 am by Jack Bogdanski
And all the while, the media will normalize it because it brings them eyeballs to sell prescription drugs to. [read post]
14 Nov 2023, 10:50 am by Jon Brodkin
Google alleged that the defendants "appear to be connected with websites selling printed t-shirts, and their unlawful conduct aims to remove competing third-party sellers from Google Search results. [read post]
14 Nov 2023, 10:28 am
For illegally distributing prescription drugs, the prosecution must demonstrate intent to sell. [read post]
14 Nov 2023, 10:02 am by Josh Richman
  The malware also lets its makers, or those to whom they sell access, use buyers’ internet connections as proxies—meaning that any nefarious deeds will look as though they came from the buyers, possibly exposing them to significant legal risk. [read post]
14 Nov 2023, 9:22 am by Joseph L. Hyde
  The defendant’s convictions in Gibbs included possession with intent to sell or deliver a Schedule II controlled substance, i.e., fentanyl. [read post]
14 Nov 2023, 8:23 am by Conaway & Strickler, P.C.
As long as you’re following copyright laws and selling legitimate assets, creating, selling, and reselling NFTs is legal. [read post]
14 Nov 2023, 7:38 am by Kenan Farrell
The Valparaiso store is alleged to have continued use of the Tempur-Pedic trademark “to attract customers for the purpose of selling non-authorized and competing products in a manner that falsely suggests and implies to consumers that Defendant maintains a relationship with Tempur Sealy as an authorized retailer. [read post]
14 Nov 2023, 6:00 am
They can open and close bank accounts, write checks, and sell a property depending on the authority you give them. [read post]
14 Nov 2023, 5:45 am by Stewart Baker
[As covered in upcoming Cyberlaw Podcast episode 481] What the FTC said: "Conduct that may violate the copyright laws––such as training an AI tool on protected expression without the creator's consent or selling output generated from such an AI tool, including by mimicking the creator's writing style, vocal or instrumental performance, or likeness—may also constitute an unfair method of competition. [read post]
14 Nov 2023, 5:29 am by Greg Lambert and Marlene Gebauer
Vanderbilt Law School recently launched an exciting new initiative called the Vanderbilt AI Legal Lab (VAILL) to explore how artificial intelligence can transform legal services and access to justice. [read post]
14 Nov 2023, 4:09 am by JoeE
ALTERNATIVES TO KEEPING OR SELLING THE WEDDING RING IN A DIVORCE If neither party wants to keep or sell the wedding ring, there are alternative options to consider. [read post]