According to federal prosecutors and court documents, Lauren Baumann, 43, of Downey, CA, admitted to having solicited loans from investors with claims that the money would be used to finance "battle of the bands" events featuring Christian rock bands and other music groups. As part of her pitch, Baumann represented that these events would generate profits from ticket sales and company sponsorships. Additionally, some investors were told that the funds would also be used to purchase, refurbish and resell homes.
That's how today's "Street Sweeper" column begins -- seriously, how can you not read it? By way of further enticement, we're tossing in, for one-day only, at no additional charge: Bill Singer's Incredible Five-Step Due Diligence
It would have been an easy bit of adjudication by a FINRA arbitrator to find that a now-barred rep was the bad guy, that he victimized his clients and... Read On
The FINRA Regulatory Mule Kicks Defrauded Customers In the Head (BrokeAndBroker.com Blog) https://www.brokeandbroker.com/6852/finra-anderson-hard... Read On
In today's Blog we got a FINRA regulatory decision, a state court judgment, a bankruptcy, and a federal court action. As the legal matters now stand, ... Read On
When considering an appeal questioning FINRA's denial of an expungement request, the SEC seems to have approached its deliberation as a cat toying wit... Read On