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June 29, 2011
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Blog, Securities Fraud
According to the Investment News, as part of a settlement with eight states and the Securities and Exchange Commission, Raymond James Financial Inc. will buy back $300 million in auction-rate securities from clients and pay a fine of $1.7 million. The states in charge of the settlement are Florida and Texas. Other
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April 15, 2011
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Jefferies & Company, Inc. $1.5 million for failing to disclose additional compensation received and conflicts in connection with the sale of auction rate securities (ARS). FINRA also ordered Jefferies to repay $425,000 in fees
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December 31, 2010
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Blog, Securities Fraud
The White Law Group is currently investigating securities fraud claims against New York based broker‐dealer E-Trade Securities, LLC (“E-Trade”) involving auction rate securities. Auction rate securities are long‐term bonds that rely on the successful operation of a periodic auction for short‐term liquidity.
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