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December 29, 2011
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Credit Suisse Securities (USA) LLC $1.75 million for violating Regulation SHO (Reg SHO) and failing to properly supervise short sales of securities and marking of sale orders. As a result of these violations, Credit Suisse entered
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December 29, 2011
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Barclays Capital Inc. $3 million for misrepresenting delinquency data and inadequate supervision in connection with the issuance of residential subprime mortgage securitizations (RMBS). Issuers of subprime RMBS are required to
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December 28, 2011
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Blog, Securities Fraud
One of the most common types of securities fraud cases right now involves tenants-in-common (TIC) real estate investments. Generally offered as a 1031 exchange tax deferral, financial professionals often misrepresent the risks and benefits of these investments. Moreover, the investments (due to the attractiveness of
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December 27, 2011
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Blog, Securities Fraud
The Investment News just released data on the variable annuity sales at independent broker-dealers. As you can see from the chart attached below, the data demonstrates that the sale of variable annuities at independent broker-dealers continues to rise. Variable annuities, while appropriate for some investors in the
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December 27, 2011
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Blog, Securities Fraud
On December 15, 2011, the Securities and Exchange Commission filed a civil injunctive action against Stephen M. Folan, a former registered representative in the Chicago office of FTN Financial Securities Corp. (“FTN”), for assisting Sentinel Management Group, Inc. (“Sentinel”), a bankrupt
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December 26, 2011
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Blog, Securities Fraud
Are you a financial advisor with an erroneous U-5 entry? Do you need an experienced securities employment attorney to help you clean up your employment record? If so, The White Law Group may be able to help. Under Article V, Section 3 of FINRA’s By-Laws, within 30 days after termination of a registered employee’s
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December 19, 2011
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Blog, Securities Fraud
Have you suffered losses due to your investment with Martin T. Wegener (Marty Wegener) and/or his entities Wealth Resources, Inc. and Wealth Resources, LLC? If you have, The White Law Group may be able to help you recover some of your losses through a Financial Industry Regulatory Authority (FINRA) dispute resolution
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December 19, 2011
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Blog, Securities Fraud
Have you suffered losses due to your investment with Brian A. Bjork, Select Asset Management and/or his late business partner David Salinas (or his entities)? If you have, The White Law Group may be able to assist you in recovering some of your losses through a Financial Industry Regulatory Authority (FINRA) dispute
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December 15, 2011
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Blog, Securities Fraud
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
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December 14, 2011
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Blog, Securities Fraud
According to the North American Securities Administrators Association (NASAA) “Exchange–traded funds (ETFs) have grown increasingly popular with retail investors during the last decade.” The fact that retail, everyday investors are more frequently investing in ETF’s is reportedly a concern for securities
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