All Articles Tagged With: "Stock Broker Fraud"
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.
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.
FINRA Warns About Principal-Protected Structured Notes
Financial industry regulators have warned brokerage firms not to overstate the security of principal-protected notes (PPNs), which are not risk-free as their names often suggests. The reminder comes after a number of financial fraud lawsuits have been filed against brokers who allegedly sold the notes as conservative and safe investments without adequately disclosing the [...]
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.
Stock Broker Arbitration Results in $1.1M Award for 90 Year Old Woman
The brokerage firm William Blair & Co. and two of their former brokers have been ordered to pay $1.17 million to an elderly woman who filed a stock broker arbitration claim, alleging that two of her brokers made illegal changes to her account without her permission and even created a fake e-mail address for her [...]
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.
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.
Lehman Brother Lawsuit Being Reviewed By Nevada State Government
The state government of Nevada has hired a law firm to investigate whether they may be able to recover a portion of their treasury’s $50 million investment loss caused by the collapse of Lehman Brothers in September 2008.
Oppenheimer Class Action Lawsuit Filed Over Champion Income Fund
A class action lawsuit has been brought on behalf of investors who purchased or held shares of the Oppenheimer Champion Income Fund between January 26, 2007 and December 9, 2008. The suit claims that fund managers failed to disclose the extent of risk associated with the fund and seeks to recover financial losses suffered [...]
