Month: April 2022

Warren Law Group Wins FINRA Expungement

By Warren Law Group / April 29, 2022
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Warren Law Group’s client was wrongfully terminated from Citigroup Global Markets, Inc. for obtaining an SBA loan. WLG attorneys Jon-Jorge Aras and Christopher D. Warren successfully expunged Citigroup’s defamatory FINRA U5 and CRD disclosures and restored their reputation. If you have been wrongfully terminated and defamed for receiving COVID-19 pandemic relief, contact Warren Law Group…

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Welcome, David Szalyga as Corporate Associate!

By Warren Law Group / April 27, 2022
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Warren Law Group is proud to announce David Szalyga as our Corporate Associate. David focuses his practice on securities and corporate law, financial transactions, assists with tech startup companies, and regulatory compliance. David has recently received his MBA from the University of Cambridge and he has received a MA from Kings College and his JD…

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FINRA Regulatory Notice Regarding Complex Products

By Christopher D. Warren / April 26, 2022
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FINRA has released a new regulatory notice “reminding members of their sales practice obligations for complex products and options and to solicit comments on effective practices and rule enhancements.” Many ETF shareholders are wary of this new notice, stating that it is vague and has the potential to prevent innovation and investor recommendations. However, FINRA…

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NYS Senator Introduces Crypto Prosecution Framework

By David Rosenfield / April 25, 2022
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New York State Senator Kevin Thomas has prepared a bill outlining the framework for crypto-related prosecutions. The bill calls for defining, penalizing, and criminalizing fraudulent behavior in connection with cryptocurrencies.  Some of the charges set forth in the bill include failure to disclose the ownership of digital tokens, and if an individual or entity owns…

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Morgan Stanley in FINRA Arbitration Against Investment Firm

By Christopher D. Warren / April 21, 2022
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Disruptive Technologies, an investor with Morgan Stanley, alleged the firm leaked information regarding a large sale of Palantir Technology shares. The SEC and DOJ are looking into whether Wall Street firms, such as Morgan Stanely, favored specific clients by giving them inside information in block trades. Allegedly, the leak cost Disruptive Technologies tens of millions…

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SEC Charges Individuals in a $500 Million Ponzi Scheme

By Christopher D. Warren / April 19, 2022
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Last week, the SEC charged several individuals in a half a billion-dollar Ponzi Scheme that involved investing in personal injury settlements. The SEC charged the defendants with fraud and acting as unregistered brokers “selling” unregistered securities. Christopher Warren, Managing Partner at Warren Law Group states, “Even post-Madoff, a Ponzi Scheme is a popular confidence con…

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The Latest in SEC vs. Ripple Labs Investigation

By Christopher D. Warren / April 13, 2022
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In the Ripple Labs vs. SEC investigation, it seems that each week there is an update on the case. Yesterday, the most recent news broke, and Ripple is claiming it to be “a very big win.”  Judge Sarah Netburn denied the SEC’s request to reconsider hiding documents under privilege related to a June 2018 speech…

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SEC Charges Siblings for Crypto Fraud

By Christopher D. Warren / April 12, 2022
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The Securities and Exchange Commission (SEC) recently charged two siblings with defrauding thousands of investors out of approximately $125 million through unregistered securities offerings involving a digital token.  According to the complaint, the siblings were selling the digital token, Ormeus Coin, on crypto trading platforms. The defendants utilized social media to falsely claim that Ormeus…

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Chris Warren & Todd Kulkin recognized as Super Lawyers “2022 Rising Stars”

By Warren Law Group / April 11, 2022
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Congratulations to Christopher Warren, Managing Partner, and Todd Kulkin, Partner and Chair of Corporate Division, for being selected as part of the Super Lawyers 2022 Rising Stars list in the New York Metro Area. This year is Chris’ first selection as a Super Lawyer, and Todd has been selected every year since 2014. Super Lawyers is a…

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