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September 1, 2011
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Blog, Securities Fraud
Alternative Investments on the Rise, Increased Litigation Likely to Follow According to the Investment News, more than three-quarters of retail advisers are now using alternative investments in their client’s portfolios. This includes non-traded REITs, private equity investments, hedge funds, structured products
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October 12, 2010
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) has fined H&R Block Financial Advisors (now Ameriprise Advisor Services) $200,000 for failing to put in place the proper system to supervise its reverse convertible notes sales to retail clients. FINRA also suspended H & R broker Andrew MacGill for 15 days
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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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