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 Financial Industry Regulatory Authority (FINRA) has announced that it has levied a $2 million fine on Wells Fargo Investments, LLC. The fine is related to the sale of reverse convertible securities to more than 20 customers by a former registered representative, Mr. Alfred Chi Chen. The fine also resulted from a failure “to provide sales [...]
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 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 White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. Our firm is dedicated to helping investors in claims against their financial professional or brokerage firm. Our firm is able to help investors who have been the victim of investment fraud throughout Puerto Rico. The White [...]
Have you suffered investment losses in the Foresee Strategies Insurance Funds? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration claims against the brokerage firm or financial professional that recommended the investment. The Foresee Strategies Insurance Funds sustained massive losses and then were ultimately closed in [...]
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 [...]
According to a recent poll and article from investmentnews.com 52% of financial advisors polled said they were not “…as knowledgeable about [alternative investments] as [they’d] like to be. A wide range of investment vehicles may be considered alternative “…ranging from real estate, to managed futures, to structured products or private equity.” Given that there are [...]
According to a recent article on the investmentnews.com website some independent broker-dealers are permitting their representatives to sell fewer non-traded REIT investments in an attempt to lessen their risk. The news that some broker-dealers are offering fewer non-traded REITs comes at a time when non-traded REITs sales are high, $4.6 billion as of June 30th [...]