The White Law Group is investigating securities fraud claims on behalf of investors involving CIT InterNotes. The sale of CIT InterNotes to individual retail clients resulted from institutional investors growing reluctance to lend to CIT Group Inc. as they became increasingly aware of CIT’s deteriorating financial condition. By selling to individual retail clients, CIT was [...]
Filed under: Securities Fraud | Comment (0)
FINRA recently announced that Bear Stearns & Co., Inc. (n/k/a J.P. Morgan Securities, Inc.) has been fined $500,000 and censured for failure to supervise. Without admitting or denying the findings, Bear Stearns consented to the entry of findings that it failed to establish and maintain adequate supervisory systems within its retail brokerage operation to supervise [...]
Filed under: Securities Fraud | Comment (0)