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January 26, 2011
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Blog, Securities Fraud
Merrill Lynch recently agreed to pay a $10 million fine to settle civil securities fraud charges by regulators who accused the firm of misusing customers’ order data to make trades for its own account and for failing to disclose trading fees. The Securities and Exchange Commission announced the settlement with
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November 26, 2010
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Blog, Securities Fraud
According to the Investment News, the following are the top broker-dealers (ranked by reps producing over $100,000): Click column headers to sort fields Rank Broker-dealer No. of reps 1 LPL Financial* 5432 • Associated Securities Corp. 121 • Mutual Service Corp. 547 • Waterstone Financial Group 275 2 AIG Advisor
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November 10, 2010
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Blog, Securities Fraud
If you have suffered investment losses in a hedge fund recommended to you by your financial advisor or stockbroker, The White Law Group may be able to help. A hedge fund is an aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and
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November 2, 2010
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Blog, Securities Fraud
The White Law Group is investigating securities fraud claims involving ProShares Funds and other Exchange Traded Funds (ETFs) sold to investors by their financial advisors. These funds subjected investors to substantially more risk than was disclosed and resulted in significant losses by investors. The leveraged
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October 26, 2010
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Blog, Securities Fraud
The White Law Group reviews securities fraud cases throughout the country, including reviewing securities fraud cases involving all of the FINRA registered broker-dealers. Wedbush Securities is a FINRA registered broker-dealer founded in 1955. It is primarily a West Coast firm, with headquarters in Los Angeles,
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October 20, 2010
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Blog, Securities Fraud
FINRA recently announced that it has fined Edward D. Jones & Co., L.P. of St. Louis $900,000 for its failure to timely deliver official statements to customers who purchased new-issue municipal securities and related supervisory and recordkeeping failures. With limited exceptions, broker-dealers selling a
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October 18, 2010
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Blog, Securities Fraud
FINRA recently announced that it has fined Piper Jaffray & Co. $700,000 for violations related to its failure to retain approximately 4.3 million emails from November 2002 through December 2008. Piper Jaffray also failed to inform FINRA of its email retention and retrieval issues, which impacted the firm’s
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September 20, 2010
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Blog, Securities Fraud
The White Law Group is investigating possible securities fraud involving the marketing and sale of the 1861 Capital Discovery Domestic Fund. Specifically, we are investigating whether brokerage firms, including UBS, misrepresented the safety and security of the 1861 Capital Discovery Domestic Fund. 1861 Capital
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September 10, 2010
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Blog, Securities Fraud
The White Law Group is investigating the appropriateness of reverse convertible securities or reverse convertible notes sold by broker-dealers. A reverse convertible security (RCS), or reverse convertible note, is a short-term note linked to an underlying stock. The primary selling point of the product is that it
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August 27, 2010
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Blog, Securities Fraud
Whether you realized it at the time or not, when you established your brokerage account, you likely entered into an arbitration provision that provides that if you have a dispute with your broker-dealer you agree to waive your right to bring that claim in Court and to arbitrate that dispute through FINRA’s Dispute
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