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November 28, 2011
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Blog, Securities Fraud
Reuters is reporting that a securities arbitration panel ruled that “Securian Financial Services Inc must pay an investor $2.4 million for failed investments in real estate limited partnerships…” The investor, Mr. Taylor, who brought a securities fraud claim before a Financial Industry Regulatory Authority
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November 28, 2011
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Blog, Securities Fraud
According to the investmentnews.com Oregon regulators in charge of securities have fined LPL Financial LLC $100,000 “for failing to supervise a broker that sold high-risk oil and gas partnerships to clients, including many who are elderly.” The former LPL Financial representative, Jack Kleck, reportedly sold
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November 28, 2011
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Blog, Securities Fraud
DeWaay Financial Network LLC says they are teetering on the edge of bankruptcy due to a deluge of securities litigation against them. According to the Des Moines Register, the litigation and looming bankruptcy “stem from selling high-risk private placement investments — particularly real estate deals for DBSI
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November 23, 2011
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Blog, Securities Fraud
According to a public release, FINRA has fined Wells Investment Securities, who is “the dealer-manager and wholesaler for the public offering of Wells Timberland REIT,” “$300,000 for using misleading marketing materials in the sale of Wells Timberland REIT, Inc., a non-traded Real Estate Investment Trust
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November 22, 2011
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Blog, Securities Fraud
According to a recent article in the investmentnews.com, John Hancock “has pulled back on its annuity distribution and expects to withdraw an array of fixed, variable and immediate annuities.” Included amongst the annuity cuts are John Hancock’s Venture 4 Series, 7 series and Frontier variable annuities. One of
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November 21, 2011
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Blog, Securities Fraud
According to a recent article in fa-mag.com the SEC recently “charged Memphis, Tenn.-based broker-dealer FTN Financial Securities Corp. for aiding financial advisor firm Sentinel Management Group Inc. in defrauding its clients of an estimated $1.5 milion…” It is alleged that FTN Financial Securities failed to
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November 18, 2011
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Blog, Securities Fraud
Investmentnews.com recently published a list of the largest non-traded REITs by invested assets. President of MTS Research Advisors gave quoted commentary on the status of non-traded REITs in general. Stubben notes that while some nontraded REITs “have shown strong operating performance throughout their history, the
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November 18, 2011
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Blog, Securities Fraud
Have you suffered investment losses as a result of the recommendation that you purchase units of the IMH Secured Loan Fund? If you have, The White Law Group may be able to assist you in recovering those losses in the IMH Secured Loan Fund, LLC (now known as IMH Financial Corporation) through a FINRA arbitration
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November 17, 2011
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Blog, Securities Fraud
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
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November 17, 2011
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Blog, Securities Fraud
Investors who purchased Certificate of Deposit (CD) Investments from R. Allen Stanford’s Stanford Group Co. have struggled for nearly 3 years with the question of if, when and how much of their investment losses they may recover. Most investors are focused on recovering money from the receivership and hoping the
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