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In July, the SEC issued an Investor Bulletin to raise awareness of the risks associated with Initial Coin Offerings, which are investment offerings made by “virtual” organizations utilizing distributed ledger or blockchain technology. [1] The virtual coins or tokens that are issued in these offerings are typically offered and sold on the basis that…
Section 20(a) of the Securities Exchange Act of 1934 provides as follows: “Every person who, directly or indirectly, controls any person liable under any provision of this chapter or of any rule or regulation thereunder shall also be liable jointly and severally with and to the same extent as such…
Stock broker and investment advisor Randall William Hunt (CRD# 1387936) of Toledo, Ohio was recently terminated from his position as a registered representative of Ameriprise Financial Services (CRD# 6363) following a determination that he had violated company policy relating to discretionary trading in non-discretionary accounts. Mr. Hunt had only been…
Financial advisor Stephen Joseph Beresh (CRD# 2042127) of Sterling Heights, Michigan is involved in a pending customer dispute relating to allegations that he recommended unsuitable investments in exchange traded funds, closed end funds, and high risk gold and energy stocks. Mr. Beresh has been registered with Oppenheimer & Co., Inc.…