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February 28, 2014
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Blog, Securities Fraud
According to reports, Loriann Artzberger, 49, was recently charged with theft by deception. Specifically, Artzberger, a financial advisor in Franklin Park, was arraigned on charges that she fleeced two long-time clients out of about $135,000 in retirement savings and spent the money on a cruise, a trip to Las
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February 27, 2014
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Blog, Securities Fraud
UBS Banker pleads guilty in improper offshore tax evasion assistance claim According to reports, a Swiss financial adviser, Martin Lack, recently became the fourth ex-UBS AG banker to plead guilty to aiding wealthy Americans evade taxes, admitting that for 17 years he helped U.S. clients maintain secret overseas
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February 27, 2014
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Blog, Securities Fraud
Cold Calling Investment Losses Many securities firms telephone investors they do not know to sell stocks and other investments. These “cold calls” can serve as a legitimate way of reaching new customers, but they can also lead to trouble. Dishonest brokers may pressure you to buy a bad investment or a
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February 27, 2014
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Blog, Securities Fraud
Edward Jones Sanctioned over alleged Cold Calling According to reports, Edward Jones has agreed to pay $750,000 to resolve claims that it unlawfully solicited New Hampshire residents whose phone numbers are registered on the National Do Not Call Registry. Not only did the New Hampshire Bureau of Securities Regulation
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February 25, 2014
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Blog, Securities Fraud
According to reports, FINRA recently fined broker-dealer Berthel Fisher and an affiliate $775,000 in connection with compliance failures, including inappropriate sales of alternative investments and nontraditional exchange-traded funds. According to FINRA, Berthel Fisher failed to supervise the sale of alternative
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February 21, 2014
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Blog, Securities Fraud
According to reports, Texas has revoked the license of an investment advisor, claiming he impersonated ex-clients at a former employer to gain account balances and monthly contribution amounts. The report states that Lloyd James Chappell’s tactics included imitating the voice in English of a predominately
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February 20, 2014
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Blog, Securities Fraud
Ukrainian securities suffered the worst selloff on record yesterday amid concern the country is plunging into civil war. Even before the recent violence, the Ukraine has been struggling with a weak economy, a large budget deficit and a current account deficit that is rapidly eroding the central bank’s currency
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February 20, 2014
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Blog, Securities Fraud
Ridgewood Walker Ridge Investment Losses Have you suffered losses investing in Ridgewood Walker Ridge? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration against the brokerage firm that sold you the investment. According to its Reg D filing,
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February 18, 2014
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Blog, Securities Fraud
Puerto Rico municipal debt was recently downgraded to junk status by all three major credit rating services. Now there are reports, that hedge funds seeking to participate in Puerto Rico’s planned bond offering are asking that the commonwealth raise enough money to meet its needs for two years. Hedge funds are
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February 13, 2014
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Blog, Securities Fraud
According to recent reports, the numbers are in: apparently the UBS Puerto Rico funds lost a total of $1.66 billion in the first nine months of 2013. That amount is staggering. Investment News (1/13/14) reports that the losses started when the City of Detroit filed for bankruptcy protection. That’s when the
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