Wall Street

Wall Street is a 0.7 miles (1.1 km), eight-block-long, street running west to east from Broadway to South Street on the East River in Lower Manhattan in the financial district of New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests.Wall Street is the home of the New York Stock Exchange, the world's largest stock exchange by market capitalization of its listed companies.
Posts about Wall Street
  • Houston Woman Charged with Defrauding Professional Athletes

    … their money exclusively to pay their bills. Fulford also falsely told her victims that she graduated from Harvard Law and Harvard Business School and had made millions on Wall Street buying and selling hospitals or on real estate in the Bahamas. Although Fulford never charged a fee for her services, she allegedly diverted millions of victim funds…

    Eccleston Law Offices- 18 readers -
  • Ocwen’s Newest Lie? (Ocwen Whistleblower Post)

    … Merriam Webster defines the term “spin doctor” as “a person responsible for ensuring that others interpret an event from a particular point of view.” Usually when we think of spin doctors we think of politicians. Both major political parties seem to have elevated “spinning” to an art form. The political types have nothing on Wall Street, however…

    Due Diligence- 22 readers -
  • “Banks Pump Up”? So Do Whistleblower Lawyers!

    … sledding for Wall Street remains to be seen. Whistleblowers in the United States, however, are entitled to bring their own actions directly in the name of the government. Our False Claims Act is unique in the world. Even if the government refuses to prosecute, whistleblower actions can usually be prosecuted privately. If you have inside information…

    Due Diligence- 15 readers -
  • Platinum Partners Hedge Fund Ponzi – Where Are the Banks?

    …, which eventually led to Nordlicht and his co-conspirators operating Platinum like a Ponzi scheme, where they used loans and new investor funds to pay off existing investors. The charges and arrests announced today reflect our steadfast commitment to holding accountable hedge funds on Wall Street who rip off investors for personal gain.” “Holding Wall…

    Due Diligence- 9 readers -
  • Brian Mahany Discusses Election And What It Means to Whistleblowers

    …. With the election of Donald Trump, chances for repeal or major overhaul cause concern. For the first time in many years, the Republicans control the House, Senate and Oval Office. Earlier today, the Wall Street Journal reported that Trump was seeking repeal of Dodd Frank. A full repeal would eliminate the Consumer Financial Protection Bureau (CFPB…

    Due Diligence- 18 readers -
  • Standing and the Possession of Original Loan Documents in a New York Foreclosure

    …, but the increased number of cases dismissed for lack of standing demonstrate that these cases are all too common. Standing became a significant issue when filings on subprime loans, which were routinely securitized by Wall Street, rose significantly starting back in 2006, but the “robo-signing scandal[1]” brought the issue to the forefront. Standing to Sue…

    Ronald D. Weiss, PC- 31 readers -
  • Whistleblower Awards for Banks That Hide Fraud Losses

    … the loss over several days. For example, if a bank fraudulently spreads a $1 million hacking loss over a week, Uncle Sam never finds out. FIRREA and Whistleblower Awards In the aftermath of the savings and loan scandal, Congress passed the Financial Institution Reform, Recovery and Enforcement Act of 1989 – FIRREA for short. FIRREA contains many…

    Due Diligence- 16 readers -
  • Two More Oil Businesses Hit the Skids: Goodrich Petroleum and Seventy Seven Energy

    … of 2014 is today worth just pennies a share. Just last week one analyst was still rating the company as a “buy” showing just how out of touch Wall Street is from Main Street. Seventy Seven isn’t an exploration and production company but is an oil field service provider. Low oil prices hurt these companies almost as much as the actual producers…

    Due Diligence- 17 readers -
  • ‘Customers First’ Becomes the Law in Retirement Investing

    … The Labor Department, after years of battling Wall Street and the insurance industry, will require financial advisers and brokers to act in the best interests of their clients. Sourced through Scoop.it from: www.nytimes.com For years, financial advisors could legally advise their clients to invest in more expensive funds that generated higher…

    Lamberton Law Firm, LLC- 17 readers -
  • Conflict of Interest Concerns resulting from Morgan Stanley Sales Contest

    … Conflict of Interest Concerns resulting from Morgan Stanley Sales Contest Posted on Sunday, April 3, 2016 at 7:30 PM From the Desk of Jim Eccleston at Eccleston Law LLC: CEO James Gorman runs Wall Street giant Morgan Stanley and has recently come under inspection for the promotion of questionable sales tactics. The tactics have promoted…

    Eccleston Law Offices- 19 readers -
  • Despicable Medicare Fraud Telemarketing Scheme Claim Settles

    …, and unsolicited telephone calls from two call centers, one of which is located at … Med-Care’s facilities in Boca Raton, FL, and the other of which is located [in New York]”. Any sales that result from telemarketing calls are not reimbursable by Medicare. There are a few narrow exceptions for existing patients but none of those exceptions…

    Due Diligence- 20 readers -
  • “Get a Mortgage with 3% Down!” (Whistleblower Post)

    … resulted in over $100 billion in fines against big banks and hundreds of millions of dollars in whistleblower awards. Our clients received over $100 million! False Claims Act and Whistleblower Awards Whistleblower are much smarter this time. Greed and corporate arrogance have helped Wall Street forget the lessons of the crash. But insiders remember…

    Due Diligence- 31 readers -
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