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December 2, 2016
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Blog
Are you concerned about your losses investing in VanEck Vectors CEF Municipal Income ETF? If so, The White Law Group may be able to help. The recent rise in interest rates is having an effect on the bond market. The 10-year U.S. Treasury yield jumped 53 basis points, ending the month at 2.37%. This sent …
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December 2, 2016
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Blog
Have you suffered losses investing in Vanguard Extended Duration Treasury Index? If so, The White Law Group may be able to help. Since the election, much of the financial commentary has centered on the stock market’s surprising surge. But the largest changes by far have been in expectations for interest rates,
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December 2, 2016
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Blog
Are you concerned about your losses investing in Nuveen California High Yield Municipal Bond Fund? If so, The White Law Group may be able to help. The recent rise in interest rates is having an effect on the bond market. The 10-year U.S. Treasury yield jumped 53 basis points, ending the month at 2.37%. This …
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November 8, 2012
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Blog, Securities Fraud
It used to be that municipal bonds were one of the safest investments that a financial advisor could recommend to a client, and were often utilized by retired investors looking for a safe way to generate income in retirement. Unfortunately, the heyday of muni bonds appears over and any financial advisor not
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March 5, 2012
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Blog, Securities Fraud
Morgan Stanley & Co. LLC (CRD #8209, New York, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $40,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that in connection with
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September 23, 2011
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Blog, Securities Fraud
According to the Investment News, a housing development for retirees in Chicago with about $229 million of long-term debt became the largest municipal bond default this year when it missed a Sept. 1 payment. The article states that the Illinois Finance Authority said Sept. 20 in a disclosure statement that the Clare
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February 28, 2011
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Blog, Securities Fraud
According to the Investment News, four firms are managing high-yield municipal bond funds with more than 40% of their assets invested in non-rated bonds, a red flag for investors, according to a muni bond expert. Invesco tops the list of the firms carrying non-rated bonds. More than 64% of the Invesco High Income
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January 11, 2011
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Blog, Securities Fraud
According to the New York Post, in May 2010, FINRA accused Long Island brokerage firm David Lerner Associates and its head trader, William Mason, of charging customers “excessive” markups on normally safe municipal bonds and high-grade mortgage-backed securities. According to the FINRA complaint, David
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July 7, 2009
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Blog, Securities Fraud
While municipal bonds (or muni’s) are generally a conservative, safer option that investing in stocks or junk bonds, investing in municipal bonds is not without risks. Accordingly, FINRA has created the following checklist to help investors avoid some of the most common pitfalls of municipal bond investing. This
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