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Inverse and Leveraged Exchange Traded Funds Wreak Havoc On Investors
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March 13, 2011 @ 9:02 am |
Investors suffering losses in Inverse and Leveraged Exchange Traded Funds may have claims against their stockbrokers or financial advisors for failure to disclose risk or perform due diligence.
An Exchange-Traded Fund ("ETF") is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks or bonds and trades at approximately the same price as the net asset value of its underlying assets over the course of the trading day. Most ETFs track an index, such as the S&P 500. ETFs may be attractive as investments because of their low...
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Stockbroker Fraud Claims Against Oppenheimer Rochester Funds Continue
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March 9, 2011 @ 7:19 am |
Investors suffering losses in the Oppenheimer Rochester Funds may have claims against their stockbrokers or financial advisors for failure to perform due diligence.
Last year, investors in the Oppenheimer Rochester National Municipal Bond Fund collectively lost in excess of $5 billion as these shares lost more than 60% of their value.
The Oppenheimer Rochester National Municipals Fund was a highly speculative, and well known "junk bond" fund. According to the Company’s Prospectus and Morningstar, the Oppenheimer Rochester National Municipals Fund was...
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The Tension Between Class Actions and Individual Arbitration Claims
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March 7, 2011 @ 1:17 pm |
A class action is a form of lawsuit in which a large group of people collectively bring a claim to court or in which a class of defendants is sued. Class action lawsuits offer a number of advantages because they aggregate a large number of individualized claims into one representational lawsuit.
As the Securities & Exchange Commission former enforcement chief, William R. McLucas, once said, private securities law claims, (referring to the class action bar), are the "bull work of enforcement" of the federal securities laws.
But for class acti...
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Betrayal: The Life and Lies of Bernie Madoff
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Broadbandits: Inside the $750 Billion Telecom Heist
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