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Joel Beck

The Beck Law Firm, LLC - Georgia Securities Lawyer

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  • Joel Beck, a former NASD Department of Enforcement lawyer, formed The Beck Law Firm, LLC in 2007. Joel's practice primarily focuses on representing broker-dealers, stockbrokers and investment advisers in disciplinary investigations and actions, customer complaints, arbitration claims and civil litigation, as well as representing investors in securities arbitration claims. Joel has been designated a Certified Regulatory and Compliance Professional (CRCP) by the NASD Institute at the Wharton School of Business, University of Pennsylvania. Click on the link above to visit our website and learn more.

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October 30, 2008

AARP and Securities Regulators Team Up Recruiting "Free Lunch" Seminar Monitors

The AARP and the North American Securities Administrators Association (NASAA),have teamed up to recruit monitors to attend "free lunch" investment seminars and report their findings back to the regulators.  According to the AARP release, folks can attend these seminars when invited, and take along a checklist to complete that will provide AARP and the regulators with information.  As I've posted about earlier, the SEC, FINRA and various state seccurities regulators have conducted examinations focused on these lunch or dinner seminars, typically aimed at senior citizens.  The findings from the exams show some bad conduct on the part of the sales folks, incuding fraud, misreprsentations and omissions, unsuitable recommendations and more.  As quoted in the AARP release, SEC Chairman Christopher Cox said, "Every rock that we turned over seemed to have a bug or a worm crawling out underneath. "In each of the sweeps we conducted, we found significant fraud."

Posted at 12:53 PM in Current Affairs |

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