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Nevada Securities Law Questions & Answers
1 Answer | Asked in Civil Litigation and Securities Law for Nevada on
Q: Hello, just want to find out if i can use small claims court to recover stock losses due to fraudulent public statements

made by CEO of company. Will small claims hear this type of case? Thanks

James L. Arrasmith
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Mar 2, 2024

In most cases, small claims courts are designed to handle disputes involving relatively small amounts of money. Claims related to stock losses due to fraudulent public statements made by a CEO of a company might involve complex legal issues and substantial financial damages, which may exceed the... View More

1 Answer | Asked in Federal Crimes, Identity Theft, Securities Law and Stockbroker Fraud for Nevada on
Q: Rollover IRA checks mailed to the wrong PO BOX by OneAmerica and were electronically deposited by someone else.

Back in October, I started a rollover IRA with my previous employer’s retirement services company, OneAmerica. Unfortunately, OneAmerica sent the checks (payable to Fidelity FBO w my name on them) to an incorrect PO BOX (1 number off). These checks were electronically deposited by the owner of... View More

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Dec 29, 2021

You may have more trouble getting your rollover IRA money back than you had hoped. Why?

Because it was deposited electronically (without prejudice) and credited to some unknown person's account at Wells Fargo Bank, N.A., which is notorious for holding onto money not supposed to be...
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2 Answers | Asked in Estate Planning and Securities Law for Nevada on
Q: Do the State Courts have power to compel the company to lift restrictions on its stock?

The company refuses to lift restrictions on sale from the shares I inherited from my father who was an executive. They do not provide justification, looks like it is a bad faith to force me to sell the stock through them at a much lower price.

Father passed away 10 years ago after he... View More

Nina Whitehurst
Nina Whitehurst pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on May 30, 2021

The answer to your question is most likely no. Corporations are subject to very strict laws regarding the issuance of stock to non-insiders. Public offerings are extremely expensive. Even private offerings must be done in accordance with strict rules requiring certain minimum disclosures and... View More

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1 Answer | Asked in Securities Law for Nevada on
Q: If I buy ads to promote a widely published stock analysis after I purchase the stock, is that market manipulation?

If I'm a stock investor and I read articles about XYZ stock being under valued by 20%, I like the reasoning so I decide to buy the stock. After buying the stock I want to share this article with other traders so I buy "native" ads on news publications to share the article wide and... View More

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Feb 27, 2020

You appear to have missed the area of most vulnerability. Rather than worrying about being charged with market manipulation if I were you I would worry more about incoming flak the owners of the copyrights on the articles you are planning to copy without permission and use them to make money.

1 Answer | Asked in Securities Law for Nevada on
Q: I applied and got a provision to do security passes everything paid my money and they wouldn't let me why

I got the EUi number to work also is there something I can do

Bruce Alexander Minnick
Bruce Alexander Minnick
answered on Aug 15, 2019

This is not a securities law question.

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