All Articles Tagged With: "FINRA Arbitration"
Articles
Financial Fraud Arbitration Cases Increased 43% in 2009
The number of plaintiffs filing financial fraud arbitration claims topped 7,000 last year, as more brokers and financial firms were hit with breach of fiduciary duty charges in the wake of the sub-prime mortgage debacle.
Case Against UBS Over Lehman Brothers Notes Results in $200k Award
An investor has been awarded $200,000 in a stockbroker fraud claim against UBS Financial Services over the sale of Lehman Brothers structured notes, which were rendered virtually worthless after the September 2008 collapse of the investment bank.
CIT InterNotes Investor Claims Being Reviewed by Lawyers
A number of securities fraud lawyers are investigating whether investors who were sold CIT InterNotes were defrauded by the brokerage firms that recommended and sold the inverstments, to determine whether individuals may be entitled to recover their investment loss.
Morgan Keegan Mutual Fund Claim Results in $1.5M Arbitration Award
A former pro basketball player has been awarded $1.46 million in an arbitration claim over investment losses associated with certain Morgan Keegan mutual funds, which suffered dramatic losses as a result of risky sub-prime mortgage-backed securities.
Medical Capital Losses Lead to Investor Arbitration Claims and Lawsuits
Several brokerage firms face potential arbitration claims and stock fraud lawsuits from investors who suffered losses in Medical Capital investments, as the Securities and Exchange Commission (SEC) has filed fraud charges against Medical Capital Holdings in connection with the sale of private securities.
Stockbroker Fraud Arbitration Claims Continue Sharp Increase Over Last Year
The number of claims filed by investors over stockbroker fraud and other breaches of fiduciary duty continue to grow this year, according to the latest statistics released by the Financial Regulatory Authority (FINRA), which regulates more than 5,000 brokerage frims throughout the United States.
Securities Fraud Case Filings Up 86% This Year
According to the latest statistics released by the Financial Industry Regulatory Authority (FINRA), which regulates all securities firms throughout the United States, new securities fraud case filings were up 86% over the first three months of this year.
Merrill Lynch Investor Arbitration Claim Results in $39.8 Million Award
An arbitration panel through the Financial Industry Regulatory Authority (FINRA) awarded an investor $30.6 million in compensatory damages and $9.2 million in interest against Merrill Lynch as a result of the negligence of one of their subsidiary broker-dealers.
Morgan Keegan Losses Awarded by FINRA Arbitration Panels
Arbitration panels through the Financial Industry Regulatory Authority (FINRA) have returned awards totaling more than $600,000 in six claims brought by investors to recover Morgan Keegan losses that were allegedly caused by a scheme to defraud investors in certain bond funds managed by the Memphis brokerage firm.
Morgan Keegan Arbitration Losses Could Exceed $200 Million
Over 1,000 investors have filed FINRA arbitration cases against Morgan Keegan to recover losses suffered in a number of bond funds managed by the regional brokerage firm, some of which have lost up to 95% of their value since mid-2007. According to Investment News, Morgan Keegan could ultimately end up paying over $200 million [...]
