Posts belonging to Category Securities/Commodities Litigation
Posted by Alan PerryonJune 12, 2014
Mark Zuckerberg and the rest of Facebook’s board are facing a derivative suit that alleges the company is paying its directors too much, according to a Reuters report written by Johnathan Stempel (June 9, 2014). Facebook shareholder Ernesto Espinoza filed a lawsuit in Delaware Chancery Court that said that the $461,000 paid on average to […]
Categories: Securities/Commodities Litigation
Posted by Alan PerryonJune 9, 2014
The US Court of Appeals for the Second Circuit overruled a decision by Judge Jed Rakoff of the District Court in Manhattan, according to a New York Times article written by Ben Protess and Matthew Goldstein (June 4, 2014). Judge Rakoff’s decision from 2011 rejected a settlement negotiated between the Securities and Exchange Commission (SEC) […]
Categories: Citigroup/Smith Barney, Regulatory Developments, Securities/Commodities Litigation
Posted by J. Boyd PageonApril 23, 2013
If your broker or financial adviser told you he was moving to another brokerage firm and asked you to move your account there, would you want to know if he was being paid thousands or millions of dollars to make the move? The Financial Industry Regulatory Authority (FINRA) thinks so, and is proposing a new […]
Categories: Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Exchange Traded Notes (ETNs), Exchange Traded Products (ETPs), Fairness/Just & Equitable Conduct, Hedge Funds, High Yield (Junk) Bonds, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Limited Partnerships, Misrepresentation/Omission, Mortgage Securities & Collateralized Debt Obligation Problems, Non-Traded Business Development Companies, Nontraded REITs, Oil & Gas, Options, Private Equity Investments, Private Investments/Reg D, Promissory Notes, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, Tenant-in-Common Interests, Unsuitable Recommendations
Posted by J. Boyd PageonApril 22, 2013
When a securities brokerage firm sues to collect the balance due under a promissory note from one of its brokers, the securities industry often views the case as close as one can get to a “slam dunk” case for the firm. When UBS Financial Services sued former brokers James Kirwin and Joanne Meninger for amounts […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, UBS, Unsuitable Recommendations
Posted by J. Boyd PageonApril 19, 2013
According to financial advisers, do not be fooled by the recent market in stocks into believing that we are in for a continuing period of sustained low volatility. Those advisers want you to expect lots of volatility and market corrections and to invest accordingly. In light of the foregoing, investors should adopt alternative investment strategies […]
Categories: A General Overview, Alternative Investments, Brokerage Firms, Church Bonds, Closed End Funds, Common Securities Broker Abuses, Crowd Funding, Derivatives, Early Retirement Scams, Elder Abuses, Exchange Traded Products (ETPs), Fairness/Just & Equitable Conduct, Hedge Funds, High Yield (Junk) Bonds, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Limited Partnerships, Misrepresentation/Omission, Non-Traded Business Development Companies, Nontraded REITs, Oil & Gas, Options, Preferred Stocks, Private Equity Investments, Private Investments/Reg D, Promissory Notes, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, Unsuitable Recommendations
Posted by J. Boyd PageonApril 12, 2013
A Financial Industry Regulatory Authority (FINRA) Arbitration Panel has ordered MML Investors Services LLC to pay $1,137,923 to a California investor in connection with the sale of an unregistered security (a promissory note) issued by Diversity Lending Group, Inc. (“DLG”). The award includes compensatory damages plus reimbursement for expert witness fees, deposition costs, and the […]
Categories: A General Overview, Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Private Investments/Reg D, Promissory Notes, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by J. Boyd PageonApril 9, 2013
Stockton, California, the most recent U.S. city to file for Chapter 9 bankruptcy protection, has presented serious issues about whether municipal bondholders will be forced to take a “haircut” while Stockton pensioners do not. With 300,000 residents, Stockton is the largest U.S. city in history to file bankruptcy. Stockton has total outstanding debt of over […]
Categories: A General Overview, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Municipal Bonds, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by J. Boyd PageonApril 4, 2013
Allan S. Roth prefers low-cost diversified bond funds for investors seeking the best interest yields on their investments. Mr. Roth, the noted financial planner and Wall Street Journal contributor, periodically reviews clients’ portfolios and makes recommendations. Sometimes the only thing a client wants to keep is the municipal bond manager who seems to be producing […]
Categories: A General Overview, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Municipal Bonds, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by J. Boyd PageonApril 2, 2013
OppenheimerFunds Inc. has agreed to pay more than $35 million to settle SEC charges that it made misleading statements about two of its mutual funds during the credit crisis in late 2008. The payments include a penalty of $24 million, disgorgement of $9,879,706, and prejudgment interest of $1,487,190. According to the SEC, Oppenheimer used total […]
Categories: Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Mortgage Backed Securities, Mortgage Securities & Collateralized Debt Obligation Problems, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by J. Boyd PageonMarch 29, 2013
Rising interest rates may be death to traditional bonds and bond funds, but a number of alternative investment strategies allegedly designed to protect principal in a rising interest rate environment are springing up to take their place. It remains to be seen whether they will provide ballast when bond prices fall. For decades, bond investors […]
Categories: A General Overview, Alternative Funds, Alternative Investments, Brokerage Firms, Closed End Funds, Common Securities Broker Abuses, Credit Default Swaps, Derivatives, Early Retirement Scams, Elder Abuses, Exchange Traded Notes (ETNs), Exchange Traded Products (ETPs), Exchange-Traded Funds (ETFs), Fairness/Just & Equitable Conduct, Hedge Funds, High Yield (Junk) Bonds, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Limited Partnerships, Misrepresentation/Omission, Mutual Funds, Penny Stocks, Private Equity Investments, Private Investments/Reg D, Promissory Notes, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities