Ms. Stoneman's Articles
Select a link below to read an article by Tracy Pride Stoneman related to securities fraud, disputes, arbitration and investor protection. The articles below were all published (though some a few year back) in either the Colorado Springs Business Journal, the PIABA Bar Journal, and the Colorado Bar Journal.
Articles for Registered Investment Advisors and CPAs
DID YOU KNOW AND SECURITIES IN THE NEWS!
Since Wyoming borders Colorado, and I live in Colorado, I am more familiar with its securities laws and regulations and Wyoming arbitrators. Because arbitrators are from the state or region where the investor resides, my familiarity with the arbitrator roster and individual arbitrators in Wyoming and surrounding states is a significant benefit. And remember that I do not need to be licensed in the state of Wyoming in order to represent Wyoming investors in securities arbitrations. I don’t even need to affiliate with local counsel. I also have the benefit of the knowledge of my husband Douglas Schulz (www.securitiesexpert.com), who has been hired in over 1,140 securities related matters and testified in over 637 FINRA arbitrations and civil cases regarding investment and brokerage disputes. Because the majority of his expert work is also in Colorado and surrounding states, he too is very familiar with Wyoming securities arbitrators and arbitrations.
When clients come to Stoneman Law, they may have no idea how much of their money has been lost. They may not have a complete copy of their monthly statements. And they certainly have no idea what went wrong. Stoneman Law can assist in obtaining complete copies of statements and performing a forensic analysis of your investments which presents a crystal clear picture of what went wrong and what the damages are.
In the State of Wyoming, investors are protected not only by legislative laws and statutes, but also by industry rules that prohibit brokers from engaging in fraud, unsuitable sales, churning, breach of fiduciary duty, failure to supervise, unauthorized trading, or negligence. Below are useful links and resources covering some of the investor protections available in the State of Wyoming:
- The Wyoming Securities Division (link is http://soswy.state.wy.us/investing/default.aspx) operates under the Secretary of State and has a helpful website.
- The Wyoming Securities Act (link is http://soswy.state.wy.us/Investing/InvestingStatutes.aspx) governs the registration, offer or sale of securities within or from Wyoming.
- FINRA (link is http://www.finra.org/) is an independent regulatory agency that regulates all broker-dealers in the United States.
- Securities and Exchange Commission (SEC)(link is https://www.sec.gov/) also creates and enforces the securities laws.
Stoneman Law represents investors in all major Wyoming cities including Cheyenne, Casper, Laramie, Gillette, Rock Springs, Sheridan, Green River, Evanston, Riverton, and Jackson. Our consultations are free of charge and the firm is only compensated if you recover.
Where Do FINRA Arbitrations Take Place in Wyoming?
All arbitrations for Wyoming residents take place in Cheyenne.
And remember that arbitrations take place in the state where the investor resides, NOT where the brokerage firm or stockbroker office!!
Wyoming Securities News
November 17, 2017. A group of people are on a mission to bring Bitcoin back to the state of Wyoming after unfriendly laws made it impossible to transact with cryptocurrencies there more than two years ago.
The announced its formation this week. Its volunteer members aim to create a legal and regulatory environment in the state that welcomes cryptocurrencies and blockchain technology companies with open arms. The coalition wants to push through a bill that will get digital currencies recognized as a "permissible investment" under the Wyoming Money Transmitters Act. A 2015 interpretation of the (which the state passed in 2003, years before Bitcoin even existed) by the Wyoming Division of Banking made it impractical for cryptocurrency exchanges to operate in the state.
Bitcoin is and will continue to be as volatile and the dot com bubble. We never seem to learn.