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October 31, 2012
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Blog, Securities Fraud
The Financial Industry Regulatory Authority Inc. recently announced that it has opened up its arbitration system to registered investment advisers (RIAs). According to Linda Feinberg, President of FINRA’s office of dispute resolution, an RIA can now voluntarily submit to the same FINRA arbitration process to
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October 30, 2012
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Blog, Securities Fraud
FINRA recently sanctioned David Lerner & Associates and required the firm to pay restitution to investors in Apple REIT Ten. FINRA recently posted information on the restitution process on its website. For the full text of the message go to
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October 29, 2012
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Blog, Securities Fraud
Over the years, many of our clients have been native Spanish speakers. Fortunately, the FINRA Code of Arbitration which applies to customer disputes against U.S. based broker-dealers has been translated in to Spanish so that Spanish speakers can review the rules to better understand the process. A full translation
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October 24, 2012
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Blog, Securities Fraud
Have you suffered losses investing in leveraged or inverse ETFs recommended to you by former Merrill Lynch financial advisor Giancarlo Ciocca? If so, the securities attorneys of The White Law Group may be able to help you to recover your losses through FINRA arbitration. The White Law Group is investigating the
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October 22, 2012
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Blog, Securities Fraud
The Financial Industry Regulatory Authority Inc. recently announced that it has ordered David Lerner & Associates to pay $12 million in restitution to clients who bought shares of a nontraded real estate investment trust known as Apple REIT 10. Finra also fined David Lerner Associates more than $2.3 million for
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October 22, 2012
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Blog, Securities Fraud
Have you suffered losses investing in Sandridge Energy at the recommendation of a financial advisor? If so, the securities attorneys of The White Law Group may be able to help you recover those losses through a FINRA arbitration claim. According to its website, Sandridge Energy is the “leading operator in the
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October 22, 2012
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Blog, Securities Fraud
Although a little late to the party, FINRA recently issued an alert for things to be mindful of before investing in non-traded REITs. We have seen a huge uptick in the number of FINRA arbitration claims involving the improper sales of non-traded REITs. Here is the full text of FINRA’s recent alert: What Is a
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October 19, 2012
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has expelled EKN Financial Services, Inc. of Melville, NY, for numerous compliance violations and for allowing its CEO, Anthony Ottimo, to act as a supervisor after being barred from acting in that capacity by the Securities and Exchange
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October 18, 2012
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Blog, Securities Fraud
Have you suffered losses investing in a Private Annuity Trust recommended to you by your financial advisor? If so, the securities attorneys of The White Law Group may be able to help you recover those losses through a FINRA arbitration claim. A private annuity trust (or PAT) is a tax minimization strategy that
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October 17, 2012
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Guggenheim Securities, LLC of New York $800,000 for failing to supervise two collateralized debt obligation (CDO) traders who engaged in activities to hide a trading loss. In October 2008, as the result of a failed trade,
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