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Delaware News



  Category: Investor Protection


Delaware Department of Justice Investor Protection Unit secures settlement with LPL Financial, LLC over Leveraged Exchange Traded Funds

Department of Justice | Department of Justice Press Releases | Investor Protection | Date Posted: Thursday, September 24, 2015

LPL will provide restitution to Delaware investors related to suitability and supervision violations Wilmington – Delaware Attorney General Matt Denn announced that LPL Financial, LLC (LPL) has finalized a settlement with the Delaware Attorney General’s Investor Protection Unit and the Massachusetts Attorney General’s Office to resolve an investigation into LPL’s use of Leveraged Exchange Traded […]




J.P. Morgan Securities to pay $51,400 to Biden’s Investor Protection Unit

Consumer Protection | Department of Justice | Fraud | Investor Protection | Date Posted: Thursday, September 11, 2014

Attorney General Beau Biden announced Thursday that J.P. Morgan Securities has paid the Delaware Department of Justice $51,400 as a result of a settlement with the Attorney General’s Investor Protection Unit. The settlement resolves a multi-state investigation which found that J.P. Morgan Securities failed to ensure that its agents were properly registered in Delaware and other states, and failed to properly record data on trades executed in Delaware and other states.




Biden’s Investor Protection Unit Gauging Vulnerability to Cybersecurity Threats

Department of Justice | Department of Justice Press Releases | Fraud | Investor Protection | Date Posted: Wednesday, September 10, 2014

Delaware’s Investor Protection Unit is participating in a nationwide project to gauge the strength of Delaware investment advisers’ cybersecurity systems. Delaware law requires investment firms to register with the state’s Investor Protection Unit, and that office recently sent surveys to 44 investment companies covering areas such as whether the investment adviser has experienced a cybersecurity event in the past year, experienced loss or theft because of a cybersecurity breach and when the adviser last underwent a cybersecurity threat assessment.




Biden’s insistence on accountability for mortgage crisis leads to $45 million for Delaware, millions more in financial benefits for Delawareans from Bank of America

Department of Justice | Department of Justice Press Releases | Fraud | Investor Protection | Date Posted: Thursday, August 21, 2014

Biden has now secured at least $180 million from banks for conduct that caused mortgage crisis; Delaware is one of four states to participate directly in past three major settlements Wilmington – Bank of America has agreed to pay $45 million to Delaware and provide significant financial benefits to Delaware homeowners to settle allegations that […]




Pfizer to pay $35 million to resolve allegations of improper marketing of popular organ transplant drug

Consumer Protection | Department of Justice | Department of Justice Press Releases | Investor Protection | Date Posted: Wednesday, August 6, 2014

Attorney General Beau Biden announced today that his office has joined 41 other State Attorneys General in reaching a $35 million nationwide settlement with Pfizer Inc, as parent of Wyeth Pharmaceuticals Inc., over allegations the company unlawfully promoted Rapamune, an immunosuppressive drug currently approved by the FDA for use in preventing organ rejection after kidney transplant surgery.







  Category: Investor Protection


Delaware Department of Justice Investor Protection Unit secures settlement with LPL Financial, LLC over Leveraged Exchange Traded Funds

Department of Justice | Department of Justice Press Releases | Investor Protection | Date Posted: Thursday, September 24, 2015

LPL will provide restitution to Delaware investors related to suitability and supervision violations Wilmington – Delaware Attorney General Matt Denn announced that LPL Financial, LLC (LPL) has finalized a settlement with the Delaware Attorney General’s Investor Protection Unit and the Massachusetts Attorney General’s Office to resolve an investigation into LPL’s use of Leveraged Exchange Traded […]




J.P. Morgan Securities to pay $51,400 to Biden’s Investor Protection Unit

Consumer Protection | Department of Justice | Fraud | Investor Protection | Date Posted: Thursday, September 11, 2014

Attorney General Beau Biden announced Thursday that J.P. Morgan Securities has paid the Delaware Department of Justice $51,400 as a result of a settlement with the Attorney General’s Investor Protection Unit. The settlement resolves a multi-state investigation which found that J.P. Morgan Securities failed to ensure that its agents were properly registered in Delaware and other states, and failed to properly record data on trades executed in Delaware and other states.




Biden’s Investor Protection Unit Gauging Vulnerability to Cybersecurity Threats

Department of Justice | Department of Justice Press Releases | Fraud | Investor Protection | Date Posted: Wednesday, September 10, 2014

Delaware’s Investor Protection Unit is participating in a nationwide project to gauge the strength of Delaware investment advisers’ cybersecurity systems. Delaware law requires investment firms to register with the state’s Investor Protection Unit, and that office recently sent surveys to 44 investment companies covering areas such as whether the investment adviser has experienced a cybersecurity event in the past year, experienced loss or theft because of a cybersecurity breach and when the adviser last underwent a cybersecurity threat assessment.




Biden’s insistence on accountability for mortgage crisis leads to $45 million for Delaware, millions more in financial benefits for Delawareans from Bank of America

Department of Justice | Department of Justice Press Releases | Fraud | Investor Protection | Date Posted: Thursday, August 21, 2014

Biden has now secured at least $180 million from banks for conduct that caused mortgage crisis; Delaware is one of four states to participate directly in past three major settlements Wilmington – Bank of America has agreed to pay $45 million to Delaware and provide significant financial benefits to Delaware homeowners to settle allegations that […]




Pfizer to pay $35 million to resolve allegations of improper marketing of popular organ transplant drug

Consumer Protection | Department of Justice | Department of Justice Press Releases | Investor Protection | Date Posted: Wednesday, August 6, 2014

Attorney General Beau Biden announced today that his office has joined 41 other State Attorneys General in reaching a $35 million nationwide settlement with Pfizer Inc, as parent of Wyeth Pharmaceuticals Inc., over allegations the company unlawfully promoted Rapamune, an immunosuppressive drug currently approved by the FDA for use in preventing organ rejection after kidney transplant surgery.