Category Archives: Securities Fraud

Investors falling victim to the $7 billion Ponzi scheme orchestrated by Robert Allen Stanford may pursue state negligence and fraud claims against entities who allegedly aided and abetted Stanford in his illegal operation.  On February 26, 2014, the Supreme Court reaffirmed that the federal Securities Litigation Uniform Standards Act (“SLUSA”) does not preclude such state law class action claims for securities that are not traded on a national exchange.