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September 30, 2012
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Blog, Securities Fraud
It is being reported that the U.S. Securities and Exchange Commission (the SEC) recently approved regulations that will prevent banks from keeping secret the yields on certain state and local government bonds during the first trading day. According to these reports, the SEC approved rules that will require
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September 26, 2012
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has censured and fined Merrill Lynch, Pierce, Fenner & Smith Inc. $500,000 for supervisory failures that allowed widespread deficiencies in filing hundreds of required reports, including customer complaints, arbitration claims, and
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September 26, 2012
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Blog, Securities Fraud
According to reports, Behringer Harvard REIT I, which has $4.4 billion in assets, was sued recently in U.S. District Court for the Northern District of Texas by Lillian Hohenstein, an investor who bought 1,275 shares of the trust from 2004 to 2008. The complaint is the first step in forming a class action against the
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September 21, 2012
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Blog, Securities Fraud
The Securities and Exchange Commission recently announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on September 17, 2012, and terminating at 11:59 p.m. EDT on September 28, 2012: AER
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September 20, 2012
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Blog, Securities Fraud
Have you suffered investment losses in Winex Investments, LLC, a foreign currency investment? 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 broker-dealers’ improper recommendation
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September 19, 2012
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Blog, Securities Fraud
The Securities and Exchange Commission recently charged the co-founder of a Chicago-based investment firm with misleading investors in two private equity offerings, and charged the other co-founder with supervisory failures related to the offerings. Advanced Equities Inc. – a broker-dealer and investment advisory
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September 14, 2012
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Blog, Securities Fraud
The Securities and Exchange Commission recently charged Stephen B. Blankenship, a Connecticut financial advisor, with stealing at least $600,000 from customers who he persuaded to withdraw money from their brokerage accounts he managed at other firms and instead invest with him directly. The SEC specifically alleges
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September 12, 2012
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Blog, Securities Fraud
It is being reported that a class action lawsuit over leveraged and inverse exchange-traded funds against ProShares has been dismissed. The suit, apparently filed in 2009, was recently dismissed by the U.S. District Court for the Southern District of New York. According to the reports, the court rejected the
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September 11, 2012
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Blog, Securities Fraud
According to reports, three former JP Turner & Company brokers have been accused by the Securities and Exchange Commission of defrauding clients out of $2.7 million by “churning” their accounts. The reports indicate that brokers Ralph Calabro of Matawan, N.J., and Jason Konner and Dimitrios Koutsoubos,
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September 10, 2012
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Blog, Securities Fraud
According to reports, the Securities and Exchange Commission has accused a San Diego-based financial planning firm of running a real estate investment scam that raised approximately $50 million from hundreds of investors nationwide. On Tuesday the SEC obtained a temporary asset freeze against the firm, Western
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