The White Law Group is investigating securities fraud claims on behalf of investors with investment losses in Citigroup’s ASTA and MAT funds. Citigroup began offering the ASTA and MAT funds in 2002 to Smith Barney brokerage clients and private bank customers with more than $5 million in liquid assets. Essentially these funds operated by borrowing [...]
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 [...]