High Frequency Firm Receives Record $16 Million Penalty

By: Ryan Corbin , Fall 2014 Student Intern

refereeOn September 17, 2014, Latour Trading LLC, a New York-based high frequency trading firm, agreed to pay a record $16 million penalty to settle charges alleging violations of the net capital rule. Previously, the high for violations of the net capital rule was only $400,000. Additionally, Latour’s chief operating officer at the time, Nicolas Niquet, agreed to pay a $150,000 penalty to settle the charges against him. Continue reading

Land of the Fraud: How Immigrants Were Scammed by Their Own Immigration Lawyers

By Patricia Uceda, Fall 2014 Graduate Research Assistant

path to investingThe SEC recently charged three L.A.-based immigration attorneys with conducting an investment scheme to defraud foreign investors trying to gain residency in the U.S. The U.S. has an EB-5 Immigrant Investor Program which offers immigrants an opportunity to apply for U.S. residency by investing in new commercial enterprises that will generate jobs for U.S. workers. Attorney Justin Moongyu Lee, along with his wife Rebecca Taewon Lee and partner Thomas Edward Kent, are charged with allegedly wrongly misinforming investors that they would be EB-5 eligible if they invested in an ethanol production plant being built in Kansas. Continue reading

GSU Students: Meet the Clinic Today

2mmpresentationAre you interested in learning more about the Investor Advocacy Clinic?  Be sure to come meet with us during the during the Experiential Course Information Fair today at 12:00 p.m. or 5:00 p.m. in the West Exhibit space.  Clinic representatives will be on hand to answer your questions.

To apply for our Spring 2015 semester, please use the application form, located here.  Applications are due no later than September 30 at 5:00 p.m.

 

GSU Students: Try a Clinic to Practice Being a Lawyer

Try a Clinic to Practice Being a Lawyer

Click here to learn why Michael McLaughlin, JD ’14, who will soon begin work with Jones Day in Atlanta, believes law students should experience the Investor Advocacy Clinic.

McLaughlin says, “Try a clinic to practice being a lawyer.  I would participate again in the Investor Advocacy Clinic because it is such a unique law school experience. Unlike a typical law school class where work is assigned individually, you work side by side with your classmates and the Clinic’s Director to accomplish your tasks.  Unlike a typical law school class where education occurs solely in the classroom, you personally interact with members of the community by providing investor representation and education.  And unlike a typical law school class where you feel like a student, the Clinic provides an atmosphere for you to feel like a lawyer.”

Learn more about the Investor Advocacy Clinic, including how to apply, during the Experiential Course Information Fair on September 17 at 12:00 p.m. or 5:00 p.m. in the West Exhibit space.

#GSUgotPRACTICE

FINRA Issues Investor Alert Concerning Viral Disease Stock Scams

By: Ryan Corbin, Fall 2014 Student Intern

illnessWatch out if someone tries to sell you stock in companies trying to stop the spread of Ebola or other viral diseases! The Financial Industry Regulatory Authority has issued an investor alert warning against buying stock in companies claiming to be involved in disease prevention. In 2014 we have seen the largest Ebola outbreak in history and, in the United States, we are just beginning to see the spread of a severe respiratory illness.

Hoping to capitalize on the attention that diseases such as these are garnering, fraudsters are employing the familiar pump and dump scam. The fraudsters tout stocks in companies that claim to protect against the spread of harmful diseases. Through promoting the stock, demand is created and, thereby, the share price spikes. Once the share price spikes the fraudsters sell their shares for a profit. This leaves all the rest of us with worthless stock. Even though these dangerous diseases are on all our minds, do not let their prevalence cloud your investing judgment.

“Stocks of small companies in weak financial condition are often pump-and-dump targets” states FINRA. FINRA also warns that “aggressive stock promotional tactics may signal a potentially fraudulent scheme.” Click here for seven tips to avoid potential stock scams and to read the complete FINRA alert. If you suspect that you or someone you know has been a victim of a scam, you should send a tip or file a complaint with FINRA.

GSU Students: Try a Clinic Because it is the Best Thing You’ll Do in Law School

sandy bestTry a Clinic Because it’s the Best Thing You’ll Do in Law School

Click here to learn why Cassandra Bradford, member of the clinic’s inaugural Fall 2013 class, believes law students should experience the Investor Advocacy Clinic.

Bradford, who has participated in both the Investor Advocacy Clinic and the Philip C. Cook Low Income Taxpayer Clinic says,

“Participating in clinics was the best thing I have done in law school. Even if you work at a law firm, you rarely get the opportunity to practice law and handle your own cases while having a mentor and supervisor to guide your steps.  I got to learn the essential lawyering skills that are not taught in law school, like how to build a good client relationship and how to handle a difficult situation.  Clinics offer the chance to dive into a field and see if you really have a passion for something, and helped me decide what I want to do.”

Learn more about the Investor Advocacy Clinic during the Experiential Course Information Fair on September 17 at 12:00 p.m. or 5:00 p.m. in the West Exhibit space.

Ready to apply?  Check out the application here.

#GSUgotPRACTICE?

 

GSU Students: Try a Clinic to Experience a New Area of the Law

chris experienceTry a Clinic to Experience a New Area of the Law

Click here to learn why current Investor Advocacy Clinic intern Christopher Pugh believes law students should experience the Investor Advocacy Clinic.

Pugh says, “I joined the Investor Advocacy Clinic here at Georgia State to gain experience in arbitration, an expanding field of law. Through the clinic’s direct work with real clients, clinic students can experience all stages of dispute resolution and skills in case management, client selection and even law firm management. The practical skills students learn in the clinic are exactly what employers are looking for.

Learn more about the Investor Advocacy Clinic, including how to apply, during the Experiential Course Information Fair on September 17 at 12:00 p.m. or 5:00 p.m. in the West Exhibit space.

#GSUgotPRACTICE?