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Savage remains in the Erie County jail with a bond set at $2,390,000

Savage remains in the Erie County jail with a bond set at $2,390,000

Getty Images Market speculation is seemingly everywhere.  From new SPACs being issued, to the prevalence of Reddit stocks such as GameStop to the popularity of electric vehicle stocks and the rise of cryptocurrency – speculation is alive and well in the markets today.  “Mania” is a good word to describe the energy surrounding these types of investments.  Dramatic daily swings are the new normal in these holdings.  Hollywood elites and business moguls are attaching their names to crypto and the latest SPAC investments.  The top mania investment areas are electric vehicles, cryptocur...

To embed, copy and paste the code into your website or blog: A long time ago, long before there existed any whistleblower statutes, I had a client – a CCO of a broker-dealer – who discovered some pretty funky trading at his firm.  As he tells the story, when he went to see his boss (who was the owner of the firm) to report his troubling discovery, the owner sidled out from behind his desk, and casually unbuttoned his suitcoat, deliberately revealing the handgun he had strapped to his belt, and told my guy, basically, that he must be mistaken about those trades.  My client took the not-s...

SEC: Father and Son Duo Misled Investors The charges against Michael and David Sztrom were filed late last week and are one of two complaints against advisors related to a California-based RIA. Michael Sztrom, a California-based advisor who was banned by broker/dealers from making investment recommendations, continued doing business anyway, using his son’s registered advisory firm as a front, and even impersonating his son on calls, according to a complaint filed by the Securities and Exchange Commission. The charge comes on the heels of another against a financial advisor, Arizona-...