Following the 2003 Global Settlement with FINRA and the Securities & Exchange Commission, were Morgan Stanley paid $125 million in fines, disgorgement, and "procurement of Independent Research," it seems Morgan Stanley has been caught again publishing inaccurate and misleading investment research report, which fail to disclose Morgan Stanley’s financial interests, and conflicts of interest to customers with respect to the recommendation of securities.

After being caught, Morgan Stanley quickly and quietly settled a proposed FINRA enforcement action by enter...

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In May, Marilyn Hazell won a $400,000 Finra arbitration claim against Peak Securities Corp., claiming breach of contract, breach of fiduciary duty, negligence and fraud stemming from the purchase of notes offered by Medical Provider Funding Corp. VI.

Those notes are at the center of a Securities and Exchange Commission fraud complaint issued last summer. The SEC charged Medical Capital Holdings Inc., the parent company of the issuer, with fraud in the sale of $77 million in notes. Dozens of independent broker-dealers sold the notes.

A scan of the Finra database of a...

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The latest cycle of investment fraud cases, unlike the tech-wreck cases of 2000 and 2001, has hit mostly otherwise conservative investors seeking safety and income.

This is the latest fall out resulting from Wall Street’s manufacturing and sale of synthetic investment products, CDOs, structured products, proprietary closed end funds, and multi-billion dollar underwritings of the preferred securities of troubled financial institutions.

However, most investor...

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John Edward Mullins allegedly began to misuse the funds of his client, Esther Weil, after she became ill in April 2006 and needed 24-hour nursing care, Finra said in a statement.

Within three months of her becoming ill, Mr. Mullins misappropriated $4,000 to pay for a vacation at the Four Seasons in London, $5,500 toward his persona...

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