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December 28, 2012
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Blog, Securities Fraud
FINRA recently announced that it has ordered Pruco Securities to pay more than $10.7 million in restitution, plus interest, to customers who placed mutual fund orders with Pruco via facsimile or mail from late 2003 to June 2011 and received an inferior price for their shares. FINRA also fined Pruco $550,000 for its
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December 28, 2012
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Blog, Securities Fraud
The Securities and Exchange Commission today issued an Investor Bulletin to help purchasers of municipal bonds better assess the bonds’ credit risks. The bulletin provides several factors for investors to consider including the type of the bond, the purpose and nature of the financing, the overall financial
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December 27, 2012
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Blog, Securities Fraud
Several large non-traded REITs recently announced further devaluations. For example, Inland American REIT recently announced that its valuation was decreasing to $6.93 per share (down from its latest valuation of $7.22 per share, and even lower from its original value of $10 per share). Behringer Harvard REIT I also
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December 26, 2012
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Blog, Securities Fraud
Ridgewood Energy Fund Investment Losses Have you suffered investment losses in Ridgewood Energy Funds? If so, contact the attorney’s at The White Law Group, they may be able to help you recover your investment losses through FINRA arbitration. Many oil and gas LPs have high expense ratios, and due to the decline
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December 24, 2012
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Blog, Securities Fraud
According to reports, Jason T. Knapp, 29, was recently charged with second-degree grand larceny, a felony, for allegedly stealing $60,000 through an investment scheme. Apparently there are ongoing police investigations of Knapp’s actions in Florida, Arizona, Rochester, New York City and possibly Maryland, and it
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December 24, 2012
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Blog, Securities Fraud
It was recently reported that Wells Timberland REIT had devalued its shares from $10 per share to an estimated $6.56 per share. Last October, the REIT suspended redemptions of shares. With these announcements, investors are left to wonder – what is next? Unfortunately, this progression has been seen occurring
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December 22, 2012
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Blog, Securities Fraud
The White Law Group is investigating potential securities fraud claims involving Z Seven Fund, a mutual fund offered by Top Fund Management. An SEC investigation recently found that the prospectus of Z Seven Fund (ZSF) stated that it sought long-term capital appreciation and restricted the use of options. Nonetheless,
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December 21, 2012
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Publications
A Phoenix-based company is tangled in a Massachusetts securities investigation in which regulators slapped a large brokerage with a lawsuit last week, claiming dishonest and unethical business practices in dealing with real estate investment trusts...
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December 21, 2012
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Blog, Securities Fraud
Morgan Keegan & Co. Inc. -securities arbitration loss According to reports, Morgan Keegan & Co. Inc. recently suffered another significant securities arbitration loss when a Financial Industry Regulatory Authority Inc. panel issued a $1.38 million award to an investor, whose complaint stemmed from Morgan
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December 21, 2012
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Blog, Securities Fraud
Have you suffered losses in Vesta Medical Series B Preferred shares (dba Vestara)? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration. First offered in June 2007, Vestara is a private placement investment in medical equipment technology. In
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