Industry News

Mika Meyers, PLC Moves to Intervene in SEC Enforcement Action on Behalf of Investor Defrauded By First Nationle Solutions, LLC and Perry Santillo

Mika Meyers, PLC Moves to Intervene in SEC Enforcement Action on Behalf of Investor Defrauded By First Nationle Solutions, LLC and Perry Santillo

After obtaining a $512,000 judgment for clients in a high-profile securities fraud case against First Nationle Solutions, LLC and Perry Santillo, investor claims attorneys at Mika Meyers, PLC are now seeking to intervene in an SEC enforcement action filed against the fraudsters in federal court in New York in order to request that…

SEC Investor Bulletin Warns of Risks Associated With Initial Coin Offerings

SEC Investor Bulletin Warns of Risks Associated With Initial Coin Offerings

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…

Michigan Lawmakers Propose Legislation to Tackle Financial Exploitation of Senior Investors

Michigan Lawmakers Propose Legislation to Tackle Financial Exploitation of Senior Investors

In May, a group of Democratic and Republican senators and representatives in Michigan introduced proposed legislation aimed at protecting Michigan’s seniors, and other vulnerable adults, from financial abuse by mandating that financial advisers report suspected abuse to Adult Protective Services and law enforcement. Other key features of the proposed legislation…