Posts belonging to Category Morgan Stanley
Posted by Page PerryonNovember 17, 2011
Morgan Stanley’s motion to dismiss a class action involving “built to fail” structured products has been denied as to the fraud claims against it, and the case will go forward. The plaintiffs ? a group of Singapore retail investors ? allege that Morgan Stanley committed fraud in selling them sold them $154.7 million of Pinnacle […]
Categories: Alternative Investments, Brokerage Firms, CDOs, Citigroup/Smith Barney, Common Securities Broker Abuses, Derivatives, Fairness/Just & Equitable Conduct, Goldman Sachs, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Morgan Stanley, Mortgage Securities & Collateralized Debt Obligation Problems, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes
Posted by Page PerryonNovember 16, 2011
JP Morgan Chase and Goldman Sachs have sold credit default swaps that put them on the hook for $5 trillion of debt ? but they won’t say whose debt they are on the hook for. That leaves investors worried that it may be debt issued by Greece, Italy, Ireland, Portugal and/or Spain. Greece and Italy […]
Categories: Bank of America, Brokerage Firms, Credit Default Swaps, Economy, Goldman Sachs, Investment Advisers, Investor Alerts, J. P. Morgan Chase, Lehman Brothers, Market Developments, Morgan Stanley, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonNovember 16, 2011
Citigroup plans to cut 3,000 or more jobs, about 1 percent of employees, and BNP Paribas plans to cut about 1,400 jobs, or 7 percent of its employees, according to the New York Times (“Citi to Shed 1% of Its Workers; BNP Paribas Plans to Cut 7%”). The NY Times was told unofficially that one […]
Categories: Bank of America, Brokerage Firms, Citigroup/Smith Barney, Credit Suisse, Economy, Employment Issues, Investment Advisers, Jobs, Market Developments, Morgan Stanley, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, UBS
Posted by Page PerryonNovember 8, 2011
Banking analyst Mike Mayo is an outlier because Wall Street’s intimidation apparently does not work on him. Mayo has written a book describing, among other things, what it was like for him to break the taboo against issuing a “Sell” recommendation on Wall Street. The title of his book, “Exile on Wall Street,” is a […]
Categories: Brokerage Firms, Citigroup/Smith Barney, Common Securities Broker Abuses, Credit Suisse, Fairness/Just & Equitable Conduct, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Merrill Lynch, Misrepresentation/Omission, Morgan Stanley, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonOctober 21, 2011
America’s big brokerage firms just don’t get it. Rather than focusing on their clients’ best interests, which would enhance the firms’ long-term interests, they are focused on getting rid of so-called “less productive” financial advisers to save money, and flogging the rest to sell more high-fee products to generate more revenues for the firm. Morgan […]
Categories: Brokerage Firms, Citigroup/Smith Barney, Common Securities Broker Abuses, Employment Issues, Investigations, Investment Advisers, Investor Alerts, Morgan Stanley, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, UBS
Posted by Page PerryonOctober 7, 2011
Liquidity concerns are swirling around Morgan Stanley. Worries of defaults by European banks or governments are eroding the value of its assets and derivatives contracts. Hedge funds are so concerned that they have begun to withdraw cash from their prime brokerage accounts at Morgan Stanley. In the face of these developments, Morgan Stanley is telling […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Credit Default Swaps, Derivatives, Hedge Funds, Investment Advisers, Investor Alerts, Morgan Stanley, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes
Posted by Page PerryonOctober 4, 2011
Morgan Stanley’s credit default swaps and bond yields are climbing, signaling that investors are concerned about the firm’s creditworthiness. The price of a credit default swap on Morgan Stanley represents the price demanded to insure its debt against default. The higher the price, the greater the risk the bank will default, in the eyes of […]
Categories: Brokerage Firms, Credit Default Swaps, Derivatives, Economy, Investment Advisers, Investor Alerts, Morgan Stanley, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonSeptember 6, 2011
The crisis in confidence dragging down the economy and financial markets is multi-factorial, but surely a significant part of the problem is that you just can’t trust Wall Street financial institutions to tell the truth about their own financial health, according to John Carney’s CNBC.com article entitled “Wall Street’s Credibility Problem.” He cites Morgan Stanley’s […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Deutsche Bank, Economy, Investment Advisers, Morgan Stanley, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonAugust 8, 2011
The current free fall in the stock market is likely to activated the ticking time bombs that are hidden away in some investors’ portfolios. These time bombs are embedded in a type of structured product called Reverse Convertible Notes or Reverse Exchangeable Notes. The problem has to do with the way these products are structured.
Categories: Alternative Investments, Barclays, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, J. P. Morgan Chase, Lehman Brothers, Morgan Stanley, RBC Dain Raucher, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, UBS, Wachovia, Wells Fargo
Posted by Page PerryonAugust 4, 2011
On July 27, 2011, the Staff of the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations published a report entitled “Staff Summary Report on Issues Identified in Examinations of Certain Structured Securities Products Sold to Retail Investors.” This report was based on the Staff’s review of eleven broker dealers that sell various structured […]
Categories: Alternative Investments, Ameriprise, Brokerage Firms, Citigroup/Smith Barney, Common Securities Broker Abuses, Derivatives, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, Merrill Lynch, Morgan Stanley, Regulatory Developments, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, UBS