“Cybercrime is a present and real threat. It is a growing threat and one that is damaging not only commerce but also the social utility of the internet.”[1] Through the internet age, cybercrime has evolved alongside the internet.[2] The metaverse is cybercrime’s latest frontier.[3] The metaverse represents the latest hybrid of social and transactional interaction.[4] The metaverse “is a world created by humans on computers, held on a server on the internet, where users can access the world and interact with others[.]”[5] Much like The Sims, users in the metaverse engage with the virtual world through avatars of themselves.[6] But…
Author: Elizabeth Gass
Many Americans do not realize they are victims of a loan modification scam until it is too late. The Lawyers’ Committee’s National Loan Modification Scam Database compiled data from March 2010 to September 2014 and showed that there were more than 42,000 foreclosure rescue scam complaints and a whopping $98 million of losses to homeowners.[1] With increased financial strain from the pandemic and an impending recession, vigilant homeowners can protect themselves from falling victim to loan modification scams by knowing how to recognize the red flags. Here is a snippet of what the experience might entail. You, along with 164,580…
In December of 2020, the SEC amended the Investment Advisers Act of 1940 (the “Act”) with a new investment adviser marketing rule, which became effective in May of 2021.[1] The SEC’s goal was to modernize the Act’s approach to marketing while consolidating the old marketing and solicitation rules into one.[2] Among other notable changes, the new rule (the “Marketing Rule”) allows investment adviser advertising to include both “testimonials,” which are reviews given by clients, and “endorsements,” which are reviews given by non-clients.[3] As most investment adviser representatives recall from studying for the Series 65—the qualification exam required to work in…