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February 28, 2011
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Blog, Securities Fraud
According to the Investment News, four firms are managing high-yield municipal bond funds with more than 40% of their assets invested in non-rated bonds, a red flag for investors, according to a muni bond expert. Invesco tops the list of the firms carrying non-rated bonds. More than 64% of the Invesco High Income
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February 27, 2011
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Publications
Two years on and a bit more, attorneys like Daxton White are still filing suit or doing FINRA (Financial Industry Regulatory Authority) mediation and arbitration hearings for clients who were bilked, defrauded, led down the garden path and otherwise separated from their money by unscrupulous and indeed sometimes
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February 25, 2011
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Blog, Securities Fraud
According to the Investment News, yet another independent broker-dealer is closing shop, this time due to the burden of compliance and regulatory costs. Ensemble Financial Services Inc., located in downtown Manhattan, will shut down soon, confirmed officials for the firm. Meanwhile, its 85 registered representatives
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February 24, 2011
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Blog, Securities Fraud
According to the Investment News, the following brokerage firms are the fastest growing (quantified by the percentage increase in the number of financial advisors) as of September 2010: 1 MidAmerica Financial Services Inc. 73.3% 2 Lincoln Investment Planning Inc. 67.1% 3 Quincy Cass Associates Inc. 50.0% 4 First
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February 21, 2011
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Blog, Securities Fraud
According to the Investment News, three independent broker-dealers are suing their respective insurance carriers for failing to cover investors’ legal claims, with one charging that its insurer has exposed it to “financial ruin.” The broker-dealers, Next Financial Group Inc., Berthel Fisher & Company
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February 16, 2011
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Blog, Securities Fraud
According to the Investment News, National Securities Corp. is the latest broker-dealer to face disciplinary action from Finra over the sale of private placements gone bust. According to National Securities’ profile on Finra’s BrokerCheck system, the firm received a Wells notice last month from the
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February 15, 2011
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Blog, Securities Fraud
Investment Losses with Hines REIT Have you suffered investment losses in Hines Real Estate Investment Trust (REIT) or do you have liquidity concerns about your Hines REIT investment? The White Law Group may be able to help recover your investment through Financial Industry Regulatory Authority (FINRA) arbitration. The
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February 15, 2011
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Blog, Securities Fraud
According to Investment News, a broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm’s financial condition. Workman Securities Corp. this month reached an agreement with the
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February 11, 2011
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Blog, Securities Fraud
Have you suffered investment losses in the Cornerstone Core Property Real Estate Trust? The White Law Group may be able to help. The White Law Group is investigating potential securities fraud claims on behalf of investors involving broker-dealers recommendation that investors purchase risky REIT investments,
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February 11, 2011
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Blog, Securities Fraud
The White Law Group is investigating potential securities fraud claims on behalf of investors involving non-traded REIT investments like Inland American and Inland Western. Non-traded REITs are less regulated than other, more traditional investments and often pay a much higher commission that other products.
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