All Articles Tagged With: "Securities Fraud"
Articles
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.
Medical Capital Notes Class Action Lawsuit Filed for Investors
A class action lawsuit has been filed on behalf of investors who purchased Medical Capital Notes, alleging that several brokerage firms violated federal securities laws by selling the unregistered notes under false and misleading prospectuses.
SEC Warns of Charles Schwab Bond Fund Lawsuit Over Securities Violations
The U.S. Securities and Exchange Commission (SEC) has warned Charles Schwab Corp. that it could face a regulatory lawsuit over its handling of the Schwab YieldPlus Fund and Schwab Total Bond Market Fund, for which the company already faces pending securities fraud arbitration claims and an investor class action lawsuit for misleading investors.
Schwab YieldPlus Losses Caused by Violations of Prospectus: Report
A new research report cites a heavy reliance on private-label mortgages for the huge Charles Schwab Yield Plus losses suffered by investors who held shares in what they thought was a relatively low-risk bond mutual fund. The Schwab YieldPlus Select Fund lost 31.7% between June 2007 and June 2008, after the mortgage securities market [...]
Morgan Keegan Lawsuit Filed by SEC Over Auction Rate Securities
Federal regulators have filed a lawsuit against Morgan Keegan & Co. Inc. for allegedly bilking investors of nearly $925 million by misrepresenting the safety of auction-rate securities and the state of Alabama is threatening to take the company’s broker-dealer license.
Zicam Loss of Smell Problems Lead to Class Action Lawsuit by Investors
A securities class action lawsuit has been filed against Matrixx Initiatives, Inc. on behalf of investors over the company’s failure to disclose reports of problems with loss of smell from Zicam experienced by many users of the popular nasal gel and swab versions of their cold remedy.
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.
Evergreen Ultra Short Opportunities Fund Settlement Reached for $40M
Wachovia Bank’s investment management arm, Evergreen Investment Management Co., will pay $40 million to the Securities and Exchange Commission (SEC) to settle charges that it inflated the value of their mortgage-backed Ultra Short Opportunities Fund, and then only informed select investors when the fund ran into trouble.
Fisher Investments Lawsuit and Arbitration Claim Filed by Clients of Financial Advisor Firm
At least one lawsuit and one securities fraud arbitration claim have been filed against Fisher Investments over losses suffered by clients of the financial advisor firm who lost money due to heavy investments in stocks, despite conservative investment objectives and evidence of an aproaching bear market.
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.
