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UBS to Repurchase $1.5 Billion in Auction Rate Securities from N.J. Investors
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February 11, 2011 @ 8:52 am |
Maybe we should send Newark a list of the other firms. (Ameriprise, Oppenheimer, Merrill Lynch, H&R Block Financial Advisors, Charles Schwab, etc.). I guess after UBS rolled over for New York and Massachusetts, the New Jersey regulators had to work real hard to get UBS to settle with New Jersey, and of course, just like the sweetheart deal they cut with New York, this probably only applies to Auction Rate Securities currently held in UBS accounts, and does not include ARS purchases at UBS that were after the debacle transferred to other firms.
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Life Partners Holdings, Inc. -- Newest Viatical Settlement Scam
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February 7, 2011 @ 1:49 pm |
Viatical Settlements are always ranked by the North American Securities Administrators Association as one of the top ten investment scams of all times.
The securities regulators of the various states seem to also agree, and since 1994, have entered no less than 191 cease and desist orders or enforcement proceedings concerning the sale of viatical settlements.
Viatical settlements allow investors to invest in another person's life insurance policy. With a...
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All Public FINRA Arbitration Option Approved by SEC
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February 1, 2011 @ 9:40 am |
The Securities and Exchange Commission (SEC) approved Financial Industry Regulatory Authority’s proposed rule change to provide customers in all FINRA arbitrations the option of having an all public panel.
In cases with three arbitrators, the arbitration panels have been comprised of two public arbitrators and one arbitrator with a nexus or connection to the securities industry.
The amended rules will apply to all customer cases in which a list of potential arbitrators has not yet been sent ...
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The Forewarned Investor: Don't Get Fooled Again by Corporate Fraud
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The Bre-X Fraud
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