Professional Liability Advocate

Professional Liability Advocate

Category Archives: Securities

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Clawback Suit Targets International Investors

Posted in Professional Liability, Securities
In 2008, a few months before the $65 billion Madoff Ponzi scheme fell apart, the $3.65 billion Petters Ponzi scheme made headlines. Tom Petters told investors that they were financing the purchase and sale of consumer electronic goods when no goods existed. Rather, Petters used funds from new investors to pay off old investors. He… Continue Reading

OH GOOD – I WROTE IT DOWN! OH NO – I WROTE IT DOWN!?!

Posted in Accountants, Architects & Engineers, Attorneys, Data Privacy & Security, Insurance, Medical, Miscellaneous E&O, Municipal & Public Entity, Real Estate, Securities
I often speak to groups of professionals on how to avoid errors and omissions claims. When I started making such presentations more than 30 years ago, I would hold up a piece of notebook paper and explain that it was a professional’s “best friend” when it comes to avoiding future problems. A memo of a… Continue Reading

Social Media: Putting Your Best Foot Forward or in Your Mouth

Posted in Accountants, Architects & Engineers, Attorneys, Data Privacy & Security, Insurance, Medical, Miscellaneous E&O, Municipal & Public Entity, Real Estate, Securities
As part of my blog training, I was asked to review my social media presence in general and in particular my LinkedIn account. My profile, admittedly, had not been reviewed in some time, so I updated my bio and skills section. This made me think about “puffing,” which I learned about in my Contracts class… Continue Reading