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December 4, 2018
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Blog, Publications
You don’t expect your investment broker to play tricks on you—so it is possible that you haven’t noticed that the broker has been churning your account, needlessly buying and selling assets to generate trading fees at your expense. Yes, this is something that happens, and in bull markets especially—it’s
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August 22, 2017
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The claim against defunct broker-dealer EDI Financial Inc. highlights a growing problem of unpaid arbitration awards A client of a small broker-dealer that sold her high risk private placements and nontraded real estate investment trusts won a $433,000 arbitration claim last week but, because the broker-dealer is
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January 11, 2017
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New Finra CEO Robert Cook has struck a popular chord with one of his first initiatives as head of the broker-dealer regulator with a proposal to release a summary report of examination findings. See full story…
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March 9, 2016
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A retired couple from North Carolina has filed an arbitration claim against Morgan Stanley, alleging it failed to adequately disclose the risks involved in a proprietary energy-related investment in which they’ve lost more than $100,000, according to the law firm representing them. The White Law Group filed the
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July 6, 2015
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A Wells Fargo Advisors client has asked arbitrators to recover money he says he lost investing with F-Squared Investments Inc., his lawyer said Wednesday, testing whether investors can challenge brokerage firms who sold the troubled asset manager’s products...
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April 7, 2015
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his article addresses what appears to be a growing problem and our experience in defending against it. Specifically, broker-dealers’ attempts to apply indemnification clauses in private placement subscription agreements—intended to apply solely to the sponsor of the investment—to themselves...
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November 12, 2014
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At Burt & Max’s Bar and Grille one day this summer, stockbroker Rafael Golan gave a group of elderly people a financial seminar. After his hourlong talk on topics from real estate to annuities, the free food arrived...
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November 11, 2014
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Atlas Energy LP has a deal for investors eager to get in on the U.S. energy boom: Contribute at least $25,000 in a partnership that will drill for oil and gas in Texas, Ohio, Oklahoma and Pennsylvania and then share any revenue from the wells’ output...
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September 17, 2014
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Ron Vaerewyck was making his way through the convention floor at the annual World Money Show in Orlando, Fl, in February 2008 when he stopped by the booth of Reef Securities of Richardson, Tex.
The brochures for Reef’s private placements in the energy industry showed an impressive track record.
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April 19, 2014
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Financial Professionals are like any profession – there are good ones and there are bad ones. As long as financial advisors are compensated by commissions, some of the unscrupulous ones will continue to attempt to enrich themselves by excessively trading accounts...
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