How to Spot Financial Advising Fraud Schemes

Block & Landsman by Block & Landsman

a business person, consumer fraudBy understanding some common financial advisor fraud schemes, Chicagoans can help to prevent their losses from growing significantly. Investors entrust their finances to financial advisors with the goal of growing their wealth and funding their retirements. When financial advisors perpetrate the fraud on their clients, the clients may lose thousands of dollars before the advisors are caught. Consumer fraud lawyers look for recognizable signs that financial advising fraud might be occurring so that they can move quickly to protect their clients'...Read More

Did An Officer With Social Security Really Call?

Block & Landsman by Block & Landsman

A keyboard shows "scam" words, consumer fraudScammers try to steal money and identity by pretending to be officers from the Social Security Administration (SSA). Victims are chosen from among the general population, taking the one in five shot that they'll reach at least some of the 66 million Americans who receive Social Security or Supplemental Security Income. But, since it is not unusual for the SSA to call recipients, how can one be sure if the person calling is really an SSA officer? The Real SSA Officers from the SSA may call recipients, but information like bank account numbers ...Read More

Recent Ruling Could Make It More Difficult to File Class Action Lawsuits

Block & Landsman by Block & Landsman

a file folder, business litigationA new United States Supreme Court ruling may endanger the ability of plaintiffs to bring forth lawsuits against out-of-state companies in plaintiff-friendly jurisdictions like Chicago. The new ruling could dictate where lawsuits are filed. Litigation Trends A business litigation lawyer can explain that some Illinois counties, such as Cook County and Madison County were long-preferred jurisdictions for class actions. Madison County has attracted out-of-state claimants who brought forth asbestos injury lawsuits for many years. In Illinois, the ...Read More

What to do When Accounts Begin to Churn

Block & Landsman by Block & Landsman

man stressed out about account, securities fraudThe excessive selling and trading of securities to generate commissions is one of the most common forms of securities fraud. It exposes consumer investments to unnecessary risk while placing the broker's interests above those of their client's. The behavior is a clear violation of the broker's fiduciary duty to the client. Individuals who are victims of churning are entitled to pursue damages for their losses. Attempting to Mask Churning Churning often occurs on investment accounts that are identified as being open to speculative, high-risk i...Read More