If you have suffered investment losses in a Ponzi scheme recommended to you by your financial advisor or stockbroker, The White Law Group may be able to help. A Ponzi scheme, or pyramid scheme, is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, [...]
FINRA recently announced that it has fined Goldman, Sachs & Co. $650,000 for failing to disclose that two of its registered representatives, including Fabrice Tourre, had received formal notices from the Securities and Exchange Commission (SEC) that they were the subjects of investigations. Tourre’s “Wells Notice” was issued in connection with the SEC’s investigation of [...]
In or about 2009, FINRA fined 25 broker-dealers a total of $2,145,000 for failures related to their completion of FINRA’s (then NASD’s) firm self-assessment of mutual fund breakpoint discount compliance. The self-assessment required firms that sold front-end load mutual funds to review their compliance in providing breakpoint discounts to customers during 2001 and 2002 and [...]
The White Law Group reviews securities fraud cases throughout the country, including reviewing securities fraud cases involving all of the FINRA registered broker-dealers. Wedbush Securities is a FINRA registered broker-dealer founded in 1955. It is primarily a West Coast firm, with headquarters in Los Angeles, California. According to the firm’s FINRA Broker Report (CRD), Wedbush [...]
The Securities and Exchange Commission’s division of enforcement investigates numerous securities related claims throughout the country. In many cases when a fraud is discovered, the S.E.C. appoints a Receiver, Disbursement Agent, or Claims Administrator to recover funds and distribute them to investors according to an approved plan. Although the best way to recover investment losses [...]
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. The firm is dedicated to assisting investors who have suffered investment losses as a result of their financial advisor or broker-dealers’ fraud or negligence. We are currently [...]
In proceedings filed by the Securities and Exchange Commission and the Financial Industry Regulatory Authority, known as FINRA (f/k/a the NASD), Morgan Keegan was accused of misleading brokers and customers through marketing materials that did not disclose the risks being taken by a group of funds sold only to Morgan Keegan clients. In addition, the [...]