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March 23, 2011
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Blog, Securities Fraud
According to the Investment News, James J. Konaxis, a former broker, has been charged with defrauding the widow of a victim of the Sept. 11, 2001, attack on the Pentagon of much of her victim compensation settlement money. Apparently, the Securities and Exchange Commission has charged the Beverly, Mass.-based
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March 22, 2011
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Blog, Securities Fraud
According to the Investment News, Ameriprise Financial Inc. is taking preliminary steps to help its beleaguered independent broker-dealer subsidiary, Securities America Inc. On Friday, Securities America’s chief financial officer, Kelly Windorski, testified in a federal court in Dallas that the firm could go
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March 17, 2011
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Blog, Securities Fraud
A unit of Regions Bank has been fined after investing all of a client’s funds in a hedge fund that channeled money to Bernard L. Madoff Securities, the fund controlled by convicted Ponzi schemer Bernie Madoff. An arbitration panel found that the unit — Morgan Keegan — didn’t perform adequate due
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March 15, 2011
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Blog, Securities Fraud
ANNE MARIE SCHLENKER was a financial adviser representative and salesperson for Edward Jones and Company in Bozeman, Montana, from May 31, 2004, until her fraud was discovered in February 2010. SCHLENKER used her position at Edward Jones to misappropriate $329,682.15 of client money for her own personal use from
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March 10, 2011
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Blog, Securities Fraud
Are you locating on the North Shore of Chicago. Do you need the assistance of an experienced attorney? If so, The White Law Group may be able to help. The White Law Group is a boutique law firm located in the Roscoe Village area. The firm has experience with litigation and business law and handles …
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March 10, 2011
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Blog, Securities Fraud
According to the Investment News, Morgan Stanley Smith Barney, the largest brokerage in the United States, will lay off between 200 to 300 adviser trainees and low volume producers in the firm’s advisory force by the end of the month. Another source from Morgan Stanley confirmed the story, but added that the
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March 5, 2011
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Blog, Securities Fraud
Investment Losses in KBS REIT Have you suffered investment losses in KBS REIT? Are you concerned about KBS REITs current price valuation? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration. The White Law Group is investigating potential securities fraud claims involving
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March 5, 2011
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Blog, Securities Fraud
The White Law Group is investigating potential securities fraud claims on behalf of investors involving broker-dealers recommending that investors invest in inappropriate oil and gas / energy partnerships and highly speculative private placement investments. Oil and gas partnerships and private placements are
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March 4, 2011
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Blog, Securities Fraud
According to the Sun Sentinel, U.S. Rep. Ted Deutch recently unveiled proposed legislation aimed at protecting the elderly from financial scams. Deutch, D-Boca Raton, has submitted two bills that call for stiffer fines for fraudsters who prey on the elderly as well as the creation of an office within the Federal Trade
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March 3, 2011
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Blog, Securities Fraud
According to the Investment News, Ameriprise Financial Inc. has reached a $27 million settlement with investors who bought private placements that have gone bust from reps at its independent broker-dealer subsidiary, Securities America Inc., according to an attorney with knowledge of the matter. The proposed
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