Posts belonging to Category Investor Rights
Posted by Page PerryonMay 25, 2012
Facebook made national headlines last Friday when the social networking giant sold shares to the general public in its IPO. The company is now making even more headlines as investors have filed lawsuits against it and all of its underwriters alleging that they released material information to only “preferred investors” (See “Facebook, banks sued over […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Fairness/Just & Equitable Conduct, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Investor Rights, Misrepresentation/Omission, Morgan Stanley, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Stocks
Posted by Page PerryonMay 14, 2012
Approximately 81% of 974 surveyed investors said that they expect their financial advisor to be able to explain the array of investment products on the market today (See InvestmentNews, “Clients: So many investment products, so little understanding”). “Advisers must stay on top of the latest investment products because many investors say they’re overwhelmed by investment […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Rights, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonMay 9, 2012
Wall Street is peddling snake oil ? new financial products that are the equivalent of bottles of medicine with labels like “Dr. Bartlett’s Beneficent Balm ? Boon to Mankind” ? and they should be regulated as such, according to University of Chicago professors Eric A. Posner and E. Glen Weyl. The FDA protects consumers from […]
Categories: Alternative Investments, Asset Backed Securities, Brokerage Firms, CDOs, Common Securities Broker Abuses, Credit Default Swaps, Derivatives, Exchange Traded Notes (ETNs), Exchange-Traded Funds (ETFs), Hedge Funds, Investment Advisers, Investor Alerts, Investor Rights, Regulatory Developments, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes
Posted by Page PerryonMarch 26, 2012
Credit Suisse’s VIX (volatility)-linked exchange traded note? named “VelocityShares Daily 2X VIX Short-Term ETN” ? plummeted 30 percent on March 23 after Credit Suisse announced it would resume issuing new shares. “This is a wake-up call,” a Morningstar analyst was quoted as saying, adding: “People don’t take seriously the options that issuers have” that can […]
Categories: Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Credit Suisse, Derivatives, Exchange Traded Notes (ETNs), Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Rights, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, Unsuitable Recommendations
Posted by Page PerryonMarch 22, 2012
Sell recommendations by investment analysts working on Wall Street are still a rarity years after regulators and Congress imposed rules to clean up analyst fraud, and years after FINRA banned Jack Grubman of Citigroup and others who issued buy recommendations on technology stocks they privately considered to be “pigs,” in order to reap personal financial […]
Categories: A General Overview, Brokerage Firms, Common Securities Broker Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Investor Rights, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonMarch 21, 2012
In the wake of Greg Smith’s op-ed piece about why he is leaving Goldman Sachs, the press has been inundated with all sorts of opinions and comments both supportive and critical. Some question Smith’s motives; others question Goldman’s motives in attacking him. Few address Greg Smith’s central point ? that Goldman puts its own interests […]
Categories: Brokerage Firms, Goldman Sachs, Investor Rights, Stockbroker Standards of Conduct
Posted by Page PerryonMarch 20, 2012
The House Financial Services Committee under Republican Chairman Spencer Bachus rejected a proposal to increase the SEC’s budget by 18.5 percent to $1.56 billion to pressure the SEC to back down on its recommendation to impose a fiduciary duty standard on broker-dealers. Congressional Republicans tried to justify their rejection of the needed funding by pointing […]
Categories: Investment Advisers, Investor Rights, Regulatory Developments, Stockbroker Standards of Conduct
Posted by Page PerryonMarch 13, 2012
The Securities and Exchange Commission (SEC) and some Congressmen are seeking to expand the mission of the Securities Investors Protection Corporation (SIPC) to cover investors’ losses in the $7 billion Ponzi scheme operated by convicted felon R. Allen Stanford. The SIPC says it was created by Congress to restore funds to investors with assets in […]
Categories: Brokerage Firms, Investor Rights, Ponzi Schemes, Regulatory Developments
Posted by Page PerryonJanuary 27, 2012
Wall Street’s favorite defense to investor claims, the “sophisticated investor” defense, isn’t working anymore. In almost every FINRA arbitration brought by an investor, the brokerage firm adopts the mantra that “The claimant is a sophisticated investor.” In essence, the firms argue that the customer was too sophisticated to rely on any alleged misconduct or misrepresentations. […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Fairness/Just & Equitable Conduct, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Investor Rights, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by Page PerryonJanuary 24, 2012
In connection with the Medical Capital receivership, the SEC Receiver recently filed its “Proposed Plan for Distribution” (the “Plan”). Unfortunately, the Plan contains some disturbing news for those investors who were pro-active and obtained recoveries against third-parties through litigation (including class actions) or arbitration.
Categories: Common Securities Broker Abuses, Elder Abuses, Investment Advisers, Investor Alerts, Investor Rights, Promissory Notes, Regulatory Developments, Securities, Securities Class Actions, Securities/Commodities Arbitration, Securities/Commodities Litigation