The subprime and credit crises affecting the economy have revealed an array of suitability abuses by Wall Street investment firms. While a rising stock market hides many abuses by brokerage firms, suitability abuses are more easily identifiable when times are tough. For example, many risk-averse investors with conservative objectives have recently discovered that they have […]
A review of recent market events suggests that there may be far more risk in money market funds than was previously thought. In an article in the Business section of today’s New York Times, Eric Dash reported that, during the last year, many of our country’s largest brokerage firms have been forced to contribute more […]
Earlier this week (April 2), a suit seeking class action against SunTrust Banks Inc., was filed on behalf of investors who purchased auction rate securities from SunTrust between April 1, 2003 and February 13, 2008. The suit alleges that the bank violated securities laws by “deceiving investors about the investment characteristics of auction rate securities […]
