AG Jennings joins $17 million settlement with Edward Jones
Department of Justice | Department of Justice Press Releases | Investor Protection | Newsroom | Date Posted: Wednesday, January 15, 2025
The Investor Protection Unit of the Delaware Department of Justice has joined a $17 million settlement with Edward D. Jones & Co., L.P. (“Edward Jones”) resulting from a multistate investigation into the broker-dealer’s supervisory failures. Customers paid front-loaded commissions for certain mutual fund shares despite later moving brokerage assets into fee-based investment advisory accounts. “We expect investment firms operating in Delaware to follow […]
Investor Protection Unit Puts Pig Butchers On Ice, Again
Department of Justice | Department of Justice Press Releases | Investor Protection | Newsroom | Date Posted: Monday, September 18, 2023
The Investor Protection Unit of the Delaware Department of Justice has issued a Summary Order to Cease and Desist against respondents linked to a cryptocurrency scam known as the “pig butchering scam.” A twist on the typical romance scam, the pig butchering scam is a long-term fraud in which victims are groomed over time to make investments […]
Woman Who Started Blaze That Killed Firefighters Sentenced to 30 Years In Prison
Criminal Division | Department of Justice | Department of Justice Press Releases | Investor Protection | Date Posted: Friday, December 13, 2019
Guilty plea to murder in Dover killing; Change in state’s securities act leads to guilty plea to theft and identity theft Beatriz Fana-Ruiz, the woman who set fire to the home where she lived leading to the deaths of 3 Wilmington firefighters has been sentenced to 30 years in prison. Deputy Attorneys General Barzilai Axelrod […]
WATCH FOR SCAMS IN FLORENCE’S WAKE
Department of Justice | Department of Justice Press Releases | Investor Protection | Date Posted: Thursday, September 20, 2018
In the wake of widespread damage caused by Hurricane Florence, the Investor Protection Unit (IPU) of the Delaware Department of Justice cautions investors to watch out for opportunistic investment or charitable scams. The Investor Protection Unit reminds investors to watch for red flags of hurricane-related scams, including unsolicited email, social media messages, crowdfunding pitches or […]
Investors Should Approach Cryptocurrency with Caution, Delaware’s Investor Protection Unit Says
Department of Justice | Department of Justice Press Releases | Investor Protection | Date Posted: Monday, January 8, 2018
With cryptocurrencies attracting recent headlines, the Investor Protection Unit of the Delaware Department of Justice is urging Delaware investors to be cautious about investments involving cryptocurrencies. “Investors should make certain they understand the risks associated with investments in cryptocurrencies and financial products involving cryptocurrency before they invest,” said Director of Investor Protection Greg Strong. Cryptocurrencies […]
