UBS Puerto Rico Bond Complaint Dismissed by SEC, As Losses Mount
An Administrative law judge has dismissed a complaint against UBS by the SEC over Puerto Rico Municipal Bond Funds.
Tag Archives: Securities Fraud
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Stockbroker Arbitration Over Medical Capital Losses Results in $400K Award
An investor was awarded $400,000 in what is believed to be the first successful stockbroker arbitration claim over Medical Capital Holdings fund losses.
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Schwab Yield Plus Class Action Settlement Reached
Charles Schwab Corp. has agreed to pay investors $200 million to settle a YieldPlus Fund class action lawsuit over losses their bond fund suffered as a result of the subprime…
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Charles Schwab YieldPlus Settlements and Damages Could Cost $1B: Report
Charles Schwab could face close to $1 billion in damages and settlements stemming from securities fraud lawsuits over their Schwab YieldPlus bond fund.
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Goldman Sachs Lawsuit Filed by SEC Over Abacus Fraud
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Goldman, Sachs & Co. charging the financial institution with fraud for allegedly selling investors subprime mortgage securities that…
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Morgan Keegan Accused of Fraud and Reckless Business Practices
The U.S. Securities Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and four states have charged Morgan Keegan & Company with fraud and reckless business practices, saying the company caused…
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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…
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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…
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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…
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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…
