TL;DR Liquidnet, Inc., a Wall Street trading firm, published 74 fraudulent monthly reports from February 2018 through March 2024, covering 67 million orders. The firm misclassified orders requiring special handling as standard covered orders, corrupting market transparency data investors depend…
The Supervision That Never Happened TL;DR Cape Securities Inc., a Georgia broker-dealer, paid $145,072.62 in partial restitution after FINRA found systemic supervision failures lasting three years. The firm sold speculative, unrated GWG L Bonds to six customers, five of whom…
Coffey v. Fast Easy Offer TL;DR The Ninth Circuit Court of Appeals reversed a lower court dismissal in Coffey v. Fast Easy Offer, LLC, ruling that vague real estate text messages can constitute illegal “telephone solicitations” under the TCPA. Defendants…
The Complaints They Erased: How tastytrade Buried 71 Customer Grievances TL;DR From January 2020 through December 2023, Chicago brokerage tastytrade systematically failed to report at least 71 written customer complaints to the Financial Industry Regulatory Authority (FINRA). FINRA Rule 4530(d)…
Investigation: GE’s PCB Cover-Up TL;DR General Electric successfully argued in federal court that its decades-long manufacturing of PCB-filled military equipment grants it immunity from state-level lawsuits. The First Circuit Court ruled that GE’s “unusually close” relationship with the Pentagon during…
Elite Events Ticket Scalping Case TL;DR Elite Events and Tickets, LLC, operated by Kevin McKerley and Aaron Fera, systematically used bots, fake accounts, and overseas agents to steal over 86,000 tickets from major artists like Tate McRae and Metallica. The…
TL;DR A Las Vegas-owned company, Alliance Cloud Services, LLC, runs a 30-megawatt AI and Bitcoin-mining data center in Dowagiac, Michigan, and residents living within a mile say its cooling fans and diesel generators never stop screaming, 24 hours a day,…
TL;DR The very confusingly named Moline Automotive, Inc., run by President/Owner Herminio Zepeda, rented out three pre-1978 properties in Moline, Illinois without giving tenants the lead paint hazard disclosures federal law requires. The EPA charged the company with 16 separate…
ServPro of Kirksville Lead Paint Violation TL;DR ServPro of Kirksville, operated by Felice & Sons, LLC, performed paid renovations in three pre-1978 Missouri homes without assigning a certified lead renovator to any project. The company failed to prepare or retain…
TL;DR BMW was sued in 2017 over allegedly defective timing chains. The case settled, but the fight over how much the plaintiffs’ lawyers would get paid has now run nine years and two full trips through the appeals court. A…