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What Merrill Lynch Does Not Want You to Know About Their Brokers
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September 25, 2012 @ 9:06 am |
Stockbrokers, or more accurately, their employer brokerage firms are required to report to The Financial Industry Regulatory Authority ("FINRA"), when their stockbrokers are the subject of customer complaints alleging sales practice violations, criminal actions, bankruptcies, or their conduct forms the basis of an arbitration or civil action by a public customer against the broker or brokerage firm in excess of $10,000 or any case that was settled in excess of $15,000.
For example, after May 18, 2009, stockbrokers were required to ...
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Structured Products and Linked Notes Continue to Decimate Retail Investors
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September 14, 2012 @ 10:39 am |
Broker-dealers have long offered a range of structured securities to institutions and wealthy individuals. Certain structured securities products have been increasingly marketed to retail investors in recent year. According to a recent report by the United States Securities & Exchange Commission, on Issues Identified in Examinations of Certain Structured Securities Products Sold to Retail Investors, structured securities products have resumed an overall upward sale...
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Morgan Stanley Smith Barney Risk Manager Brings Whistleblower Suit
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September 14, 2012 @ 9:39 am |
Until recently, Clifford Jagodzinski worked at Morgan Stanley Smith Barney as a Complex Risk Officer. Mr. Jagodzinski’s job duties included identifying potential compliance risk issues and enforcing securities law violations.
According to a lawsuit filed in federal court, as part of his officical duties, Mr. Jagodzinski detected that a particular broker, Harvey B. Kadden, was flipping preferred securities in a...
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SEC Issues Investor Bulletin on Lost or Stolen Securities Certificates
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September 7, 2012 @ 10:41 am |
The SEC’s Office of Investor Education and Advocacy is issued and Investor Bulletin to help educate investors about lost and stolen securities and the Commission’s Lost and Stolen Securities Program (“LSSP”), a database for securities certificates reported lost, stolen, missing, or counterfeit.
About Lost and Stolen Securities
When a security certificate is retired, such as when a bond is redeemed or ownership of stock is transferred, the certificate is cancelled by the transfer agent. Cancellation normally involves both an accounti...
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SEC Issues Investor Bulletin on Lost or Stolen Securities Certificates
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September 7, 2012 @ 10:38 am |
The SEC’s Office of Investor Education and Advocacy is issued and Investor Bulletin to help educate investors about lost and stolen securities and the Commission’s Lost and Stolen Securities Program (“LSSP”), a database for securities certificates reported lost, stolen, missing, or counterfeit.
About Lost and Stolen Securities
When a security certificate is retired, such as when a bond is redeemed or ownership of stock is transferred, the certificate is cancelled by the transfer agent. Cancellation normally involves both an accounti...
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Corporate Crooks: How Rogue Executives Ripped Off Americans... and Congress Helped Them Do It!
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Barings Lost
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