Publications
Investment News
http://www.investmentnews.com/article/20120115/REG/301159976
The Securities Industry and Financial Markets Association wants Finra to crack down on deadbeat brokers who have failed to pay back promissory notes.
Specifically, the trade group wants the Financial Industry Regulatory Authority Inc. to change its rules so that brokers can’t plead poverty to get out of an arbitration repayment order.
Investment News
http://www.investmentnews.com/article/20120110/FREE/120119994
Thinkorswim users sue TD Ameritrade for $8.2 million in options losses.
InvestmentNews
Investors in Lerner REITs may find no redemption – InvestmentNews
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Investors who want to redeem their shares in the Apple family of non-traded REITs marketed by David Lerner Associates Inc., which has become the target of a regulatory action, may be out of luck.
Redemption requests for nontraded real estate investment trusts normally are processed at the end of each quarter.
…
“My suspicion is that if the Apple REITs have too many requests from clients, that could force a suspension of the redemption program,” said Daxton White, a plaintiff’s attorney. He said that he has spoken to about 10 David Lerner clients who bought the Apple REITs.
Lawyers and Settlements
Securities Suits Still Going Strong at White Law Group
Two years on and a bit more, attorneys like Daxton White are still filing suit or doing FINRA (Financial Industry Regulatory Authority) mediation and arbitration hearings for clients who were bilked, defrauded, led down the garden path and otherwise separated from their money by unscrupulous and indeed sometimes criminal brokers and investment companies.
New York’s Bernie Madoff and his celebrity clients got the headlines, but there were many others out there doing the same.
“We are very busy,” says White from his office in Chicago at the White Law Group. “The only concern we have with our cases is that many of the brokerage firms we are suing are being sued by so many people that a lot of them are on the brink of bankruptcy.”
Las Vegas Review-Journal
Investigation focuses on Henderson-based Desert Capital
Two years on and a bit more, attorneys like Daxton White are still filing suit or doing FINRA (Financial Industry Regulatory Authority) mediation and arbitration hearings for clients who were bilked, defrauded, led down the garden path and otherwise separated from their money by unscrupulous and indeed sometimes criminal brokers and investment companies.
New York’s Bernie Madoff and his celebrity clients got the headlines, but there were many others out there doing the same.
“We are very busy,” says White from his office in Chicago at the White Law Group. “The only concern we have with our cases is that many of the brokerage firms we are suing are being sued by so many people that a lot of them are on the brink of bankruptcy.”
Sun-Sentinel
Your Money Q&A: How long after losing money can I file a claim?
Two years on and a bit more, attorneys like Daxton White are still filing suit or doing FINRA (Financial Industry Regulatory Authority) mediation and arbitration hearings for clients who were bilked, defrauded, led down the garden path and otherwise separated from their money by unscrupulous and indeed sometimes criminal brokers and investment companies.
New York’s Bernie Madoff and his celebrity clients got the headlines, but there were many others out there doing the same.
“We are very busy,” says White from his office in Chicago at the White Law Group. “The only concern we have with our cases is that many of the brokerage firms we are suing are being sued by so many people that a lot of them are on the brink of bankruptcy.”