Financial Services Get New Social Media Guidelines From FINRA
FINRA has released a new guidance to clarify the responsibilities of financial firms when communicating and advertising through increasingly popular social media methods.…
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FINRA has released a new guidance to clarify the responsibilities of financial firms when communicating and advertising through increasingly popular social media methods.…
Merrill Lynch will pay out nearly $100 million to make up for overcharging charities and retirement funds for mutual fund sales.…
A class action lawsuit says UBS intentionally tricked older investors into taking out loans to buy into Puerto Rico bond funds that it knew were doomed to fail.…
FINRA has lifted its hold on Puerto Rico bond fund claims, saying it has hired enough arbitrators who are willing to go to Puerto Rico to arbitrate the cases.…
Expect junk status for Puerto Rico bonds within a month, UBS analysts warn, as the company is targeted by investors who claim they were defrauded by UBS Puerto Rico bonds.…
An Administrative law judge has dismissed a complaint against UBS by the SEC over Puerto Rico Municipal Bond Funds.…
UBS and other firms face FINRA arbitration lawsuits over Puerto Rico municipal bond funds, which have lost significant value.…
In what may be a landmark decision, a panel of arbitrators through the Financial Industry Regulatory Authority (FINRA) has ruled that a ban on class action lawsuits against Charles Schwab, which was recently inserted into customer agreements, will be permitted to stand, even though it limits the options for customers who have a claim against the brokerage firm.…
Federal investigators are reportedly dropping a criminal probe against Lehman Brothers Holdings Inc. and are not expected to file any charges following the 2008 collapse of the investment bank, which was the largest bankruptcy filing in history. …
Financial fraud lawyers are expecting an influx of arbitration claims against UBS Financial Services following an announcement that holders of Lehman Brothers principle protected notes (PPN) will only receive 21 cents for each dollar they invested out of the company’s bankruptcy. …