According to a recent release from the Securities and Exchange Commission (SEC), they have “charged the holding company for one of Florida’s largest banks and its top executive with misleading investors about growing problems in one of its significant loan portfolios early in the financial crisis.” The SEC has alleged that BankAtlantic Bancorp and CEO [...]
The White Law Group has been following the nontraded REIT market, including Behringer Harvard REITs, very closely over the last few years. The firm has written about the industry, issues related to how nontraded REITs have been sold and represented by broker-dealers, and increased securities regulator interest in the investment vehicle on our securities fraud [...]
According to a recent article from investmentnews.com, investors in the nontraded Behringer Harvard Opportunity REIT I were informed at the end of the year that the estimated value of their investment had decline 46% from last year’s valuation. The value per unit of the Behringer Harvard Opportunity REIT I is now estimated at $4.12 per [...]
The Securities and Exchange Commission recently announced that it has amended its rules to exclude the value of a person’s home from net worth calculations used to determine whether an individual may invest in certain unregistered securities offerings. The changes were made to conform the SEC’s definition of an “accredited investor” to the requirements of [...]
Have you suffered losses due to your investment with Brian A. Bjork, Select Asset Management and/or his late business partner David Salinas (or his entities)? If you have, The White Law Group may be able to assist you in recovering some of your losses through a Financial Industry Regulatory Authority (FINRA) dispute resolution claim. In [...]
The USA Today recently ran a story in which they gave some tips on diligently selecting a financial advisor and encouraged investors to conduct research and ask questions prior to selecting one. Their article notes that in today’s investment environment where Ponzi Schemes and other frauds are plentiful, there are simple things that investors can [...]
Have you suffered investment losses as a result of the recommendation that you purchase units of the IMH Secured Loan Fund? If you have, The White Law Group may be able to assist you in recovering those losses in the IMH Secured Loan Fund, LLC (now known as IMH Financial Corporation) through a FINRA arbitration [...]
According the nasaa.org, The North American Securities Administrators Association (NASAA) announced recently “that a settlement in principle has been reached between E*TRADE Securities LLC and state securities regulators to return approximately $100 million to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market since 2008.” In addition to [...]
In August TD Ameritrade took the final steps to integrate the accounts from the acquired Thinkorswim into their trading network. When what was reported to be the final 250,000 customer accounts were integrated, TD Ameritrade admitted that they experienced some “issues.” A later report, also confirmed by TD Ameritrade, seems to indicate that issues related [...]
According to canadiansecuritieslaw.com the Financial Industry Regulatory Authority (FINRA) recently “published proposed amendments to its rules that would require its members and associated persons that offer or sell private placements, as well as those that participate in the preparation of private placement memoranda, term sheets or other related disclosure documents in connection with a private [...]