Litigation Research Group LLC

Litigation Research Group is looking for “Securities Enforcement Reporter State Correspondents.” Contributions can range from merely a link to a recent enforcement proceeding to a substantive commentary. Securities Enforcement Reporter is being re-launched next month as a survey of Main Street securities fraud, primarily following the state regulator links found at http://www.nasaa.org. Why a state-focused reporting service? • State securities regulators are often first to identify investment scams and to bring enforcement actions, serving as an early warning system to others. • State regulators are quicker to respond to individual complaints, especially if they do not suggest the sort of abuse of interest to Federal regulators. • State regulators are commonly the “first responders” to see fraud trends developing at the state level with the potential to go national. • Many Main Street investors believe that their local state securities office is the place to go with a complaint when they think an investment adviser or entrepreneur has treated them unfairly. For the last decade Congress has steadily chipped away at states’ authority to regulate while it has massively deregulated at the Federal level. And the anti-regulation lobby just keeps on coming. Last summer the financial services industry spent more than half a billion dollars fighting the Dodd-Frank Wall Street Reform and Consumer Protection Act. Now Fox News and the U.S. Chamber of Commerce are looking for loopholes to subvert it. Meanwhile, investors face increasingly complex and confusing scams. Securities fraudsters discover new ways to fleece investors all the time while many of the age-old frauds keep on working. You can help report these scams and trends, hopefully leading to some plaintiffs’ work for you or your firm while you perform a public service. Contact editor@enforcementreporter.com for more information.