Blum Law Group helps those who suspect securities and/or corporate fraud. Blum Law Group, as recognized worldwide leaders in representing investors in securities fraud litigation, has the knowledge to assist whistleblowers to report violations or potential violations to the Securities and Exchange Commission (SEC).
Theft
Money Laundering
Without admitting or denying the allegations, the firm and Delaney consented to the described sanctions and to the entry of findings that the firm, acting through Delaney, its president, chief compliance officer (CCO) and anti-money laundering compliance officer (AMLCO), allowed a customer and its numerous affiliated accounts to sell almost a billion newly issued, unregistered equity shares of some issuers. As a result, the firm and Delaney participated in the distribution of almost a billion shares of unregistered and non-exempt securities. The findings stated that the firm, acting through Delaney, failed to establish, maintain and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to ensure compliance with Section 5 of the Securities Act of 1933 and applicable rules and regulations with respect to the distribution of unregistered and non-exempt securities.
The Dodd-Frank Wall Street Reform and Consumer Protection Act has established a new SEC Whistleblower Program that authorizes substantial cash rewards to whistleblowers who voluntarily provide the SEC with information relating to corporate and securities fraud.