All Articles Tagged With: "FINRA"

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Bond Fund Claims Against Morgan Keegan Results in $3.6M in Awards

Two arbitration panels have ordered Morgan Keegan & Co. to pay a combined total of $3.6 million to two investors who lost money in the brokerage firm’s bond funds, which collapsed after the subprime mortgage crash in 2007.

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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.

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Stock Broker Elder Financial Abuse Claim Results in $1.6M Award

A panel of arbitrators through the Financial Industry Regulatory Authority (FINRA) has awarded a 95-year old man $1.6 million in damages against StockCross Financial Services in a stock broker fraud claim that resulted in triple damages based on a finding of elder abuse.

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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.

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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.

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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.

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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.

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Oppenheimer Lawsuit Filed by Oregon Over Mutual Fund Losses

The State of Oregon has filed a $36.2 million lawsuit against OppenheimerFunds, Inc., seeking to recover losses caused by the collapse of the Oppenheimer Core Bond Fund.

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Bond Fund Arbitration Results in $267,000 for Morgan Keegan Investor

An investor who filed an arbitration claim as a result of losses suffered in a Morgan Keegan bond fund that collapsed after the subprime mortgage meltdown, was recently awarded $267,711 by the Financial Industry Regulatory Authority (FINRA).

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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.