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May 25, 2011
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Blog, Securities Fraud
According to the Investment News, another small broker-dealer that sold high-risk private placements is out of business. Securities Network LLC of Norcross, Ga., at the end of March informed the Financial Industry Regulatory Authority Inc. to terminate its broker-dealer license. The firm was not a big seller of
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May 24, 2011
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Blog, Securities Fraud
The White Law Group is investigating possible securities fraud claims on behalf of an investor involving investment recommendations made by Raymond J. Lucia, Sr. Specifically, the firm is investigating the appropriateness of Mr. Lucia’s alleged recommendation that a retired investor invest in a non-traded REIT.
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May 24, 2011
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Blog, Securities Fraud
According to the Investment News, the Financial Industry Regulatory Authority Inc. has hit Nuveen Investments LLC, the broker-dealer subsidiary of Nuveen Investments Inc., with a $3 million fine for allegedly creating misleading materials in the marketing of auction-rate preferred securities. Nuveen was one of a
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May 20, 2011
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Blog, Securities Fraud
Have you suffered investment losses in G-REIT? 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, including the G-REIT. FINRA recently announced
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May 18, 2011
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Blog, Securities Fraud
According to the Investment News, in an alleged failure of its compliance systems, Ameriprise Financial Services Inc. became aware of a broker purportedly forging client documents — but then took almost two-and-a-half years to investigate and boot the broker from the firm. According to an April letter of
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May 18, 2011
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Blog, Securities Fraud
Domestic Securities, Inc. (CRD #34721, Montvale, New Jersey) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $142,500, ordered to pay $4,046.82, plus interest, in restitution to investors, and to revise its written supervisory procedures regarding market order
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May 18, 2011
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Blog, Securities Fraud
Deutsche Bank Securities, Inc. (CRD #2525, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $65,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it submitted to
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May 18, 2011
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Blog, Securities Fraud
Dahlman Rose & Company, LLC (CRD #23510, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $17,500. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it permitted a
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May 18, 2011
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Blog, Securities Fraud
Credit Suisse Securities (USA) LLC (CRD #816, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it transmitted
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May 18, 2011
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Blog, Securities Fraud
Citigroup Global Markets Inc. (CRD #7059, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $25,000, and required to amend its Unit Investment Trust (UIT) confirmations to include a disclosure concerning deferred sales charges and to have a firm
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