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Stock Broker Arbitration Claims Up 49% From 2007
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December 13, 2009 @ 8:22 am |
According to the latest figures from the Financial Industry Regulatory
Authority (FINRA), through October 2008, investment arbitration claims are
up 49% from 2007. In addition, during the first 10 months of 2008, more
cases have been already been filed than were filed in all of last year
Most brokerage agreements contain provisions that any disputes between the
investor and the broker must be submitted to binding arbitration through
FINRA, which oversees about 5,000 different firms throughout the United
States
Stock broker arbitration claims are filed by investors w...
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J.P. Turner Fined $250,000 for Failing to Supervise Commissions Charged on.
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December 13, 2009 @ 8:22 am |
J.P. Turner Fined $250,000 for Failing to Supervise Commissions Charged on Stock Trades Washington, D.C. - The Financial Industry Regulatory Authority (FINRA) announced today that it has imposed a $250,000 fine against J.P. Turner & Company, LLC of Atlanta, GA, for failing to have an adequate supervisory system designed to ensure that its registered representatives charged customers fair and reasonable commissions on stock trades. As part of the settlement, FINRA ordered J.P. Turner to retain, at its own expense, an independent consultant to conduct a comprehensiv...
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Securities Fraud Investigation Against Wall Street Firms
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December 13, 2009 @ 8:22 am |
The Guiliano Law Firm, P.C., a leading securities lawyer firm in Philadelphia, Pennsylvania announced today it is actively investigating and pursuing securities fraud claims against certain securities broker-dealers resulting from the risky or unsuitable recommendation of securities.
Investment trusts, labor unions, pension funds, local municipalities, school boards and charitable foundations, required by law in most states to only invest in prudent, and otherwise conservative fixed income securities and preferred shares, have collectively lost tens of billions in the securities of ...
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The SEC charges GunnAllen Financial stock broker Frank Bluestein with fraud to fund $250 million Ponzi scheme
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December 13, 2009 @ 8:22 am |
The Securities and Exchange Commission today charged GunnAllen stockbroker Frank Bluestein with fraud, alleging that he lured elderly investors into refinancing the mortgages on their homes in order to fund their investments in a $250 million Ponzi scheme. The SEC alleges that Bluestein acted as the single largest salesperson in the Ponzi scheme operated by Edward May and his company, E-M Management Company LLC (E-M). The SEC previously filed charges against May and E-M in connection with the fraudulent scheme. The SEC alleges that Bluestein specifically targeted po...
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BRE-X: The Inside Story
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The Real Case Against Goldman Sachs
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