Ellis quoted in The Plain Dealer article about investment fraud
Michael Ellis, a partner in Porter Wright's Corporate Department in the firm's Cleveland office, was recently interviewed for and quoted in the article, "With the stock market doing so well, now is the time to watch out for fraud and scam investments," which printed April 6, 2013, in The Plain Dealer in Cleveland.
From The Plain Dealer, Teresa Dixon Murray reporting:
"Michael Ellis, a Cleveland corporate and securities attorney for 35 years, said people should never make an investment based on one phone call and should never feel pressured to make a decision on the spot.
'If it's a great investment, it's still going to be a good long-term investment in two days,' said Ellis, who's with Porter Wright.
Sometimes an investment adviser might say an announcement will be made about the company soon and that will drive the price up if you don't jump now. 'You have to ask yourself, 'Are you really that type of a short-term player?' If it's your retirement money, not getting in on one day is not the worst thing in the world," Ellis said. "You should take the time to do research.'"