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 [...]
According to a recent investmentnews.com article the Financial Industry Regulatory Authority (FINRA) “is warning firms about the use of designations implying special expertise in working with older investors.” FINRA performed a survey in 2011 about the use of “senior designations.” They surveyed 157 firms that varied in terms of “size, location, product mix and business [...]
According to a Financial Industry Regulatory Authority (FINRA) press release, “it has fined Morgan Stanley & Co. Inc. and Morgan Stanley Smith Barney LLC $1 million and ordered $371,000 in restitution and interest to customers for excessive markups and markdowns charged to customers on corporate and municipal bond transactions, and related supervision violations.” The issues that [...]
The White Law Group is continuing to investigate and pursue investment losses in Cornerstone’s CIP Leveraged Fund Advisors (CLFA) on behalf of damaged investors. Our firm has been monitoring Cornerstone Real Estate Funds’ various REITs and Funds and has spoken to many concerned investors about filing FINRA arbitration claims to recover their investments that in [...]
Are you an investor in the Wells Real Estate Investment Trust II (Wells REIT II) and are disturbed by the recent announcement that the value of your shares in Wells REIT II has dropped more than 25% from the par value of $10 to an estimated $7.47 per share? Are you wondering if you can [...]
Did you suffer losses as a result of your investment in a Lehman Brothers Principle Protected Note (PPN) that you purchased through UBS and are not satisfied with the reported announcement that Lehman Brothers Principle Protected Note (PPN) investors would only be receiving 21 cents on the dollar for their investment losses? If so, The [...]
We recently blogged about a proposed deal between Citigroup and the SEC to resolve fraud charges related to collateralized debt obligations. The SEC had reported that Citigroup, “[had] agreed to settle the…charges by paying a total of $285 million, which will be returned to investors.” The SEC “charged Citigroup’s principal U.S. broker-dealer subsidiary with misleading [...]
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 [...]
The Financial Industry Regulatory Authority (FINRA) recently said in a release that “it has fined UBS Securities LLC $12 million for violating Regulation SHO (Reg SHO) and failing to properly supervise short sales of securities.” UBS has “neither admitted nor denied the charges, but consented to the entry of FINRA’s findings.” FINRA alleges that these [...]
The SEC recently issued an investor alert in order “to warn investors of potential fraud they may encounter at investment seminars that purport to teach investors trading strategies that will allow them quickly and easily to make money trading securities.” The SEC is particularly concerned “that some trading seminar promoters may use misleading or untrue [...]