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
Imagine that Joe, Jack, and Jim are charged with a criminal conspiracy, but Joe and Jack refuse to plead guilty. In contrast, Jim fully cooperates aga... Read On
GUEST BLOG: [In]Securities: Lip Service: The SEC, Reg S-ID, and the Majestic Equality of Regulation by Aegis Frumento Esq (BrokeAndBroker.com Blog)htt... Read On
[In]Securities a Guest Blog byAegis J. Frumento, Partner, Stern Tannenbaum & BellLip Service: The SEC, Reg S-ID, and the Majestic Equality of... Read On
Submitted for your consideration: Staff Bulletin: Standards of Conduct for Broker-Dealers and Investment Advisers Conflicts of Interest (SEC... Read On
Originally published as:"FINRA Report Refutes Court Finding Of Fundamental Unfairness In Leggett Arbitration" (BrokeAndBroker.com Blog / June 30... Read On