Suing for Portfolio Mismanagement

The management of your investment portfolio is one of the primary responsibilities of your stockbroker or financial planner. This includes the allocation of your assets, choosing a management strategy, managing your risks by keeping your portfolio diverse, and otherwise ensuring that they are taking the steps necessary to attain your investment goals. As you can imagine, the mismanagement of your …

Lawsuit vs. Arbitration for Broker Misconduct

Lawsuit vs. Arbitration for Broker Misconduct

Finding out that you’ve lost a sizable amount of money on the stock market can be devastating, but when you discover that your losses were caused by the gross negligent misconduct of your stockbroker and/or brokerage firm, that devastation can turn to rage. You should always be able to trust your broker. After all, they are responsible for a significant …

Stockbroker Malpractice - What Does a Very Attractive Woman/Man with a Large Amount of Debt Have in Common With a Very High Yielding Stock?

Stockbroker Malpractice – What Does a Very Attractive Woman/Man with a Large Amount of Debt Have in Common with a Very High-Yielding Stock?

Answer: They both are a poisonous Adam’s Apple. Here is what to do if you ate the apple as a result of a financial advisor: When interest rates are low, as they have been for years now, retirees, widows, and orphans who rely on their investments to pay for day-to-day expenses like rent, mortgage, gas, utilities, medicines, doctors, etc., often …

What Happens in Securities Arbitration?

What Happens in Securities Arbitration?

When you find out that you have taken a loss on your investment and you believe that your stockbroker or brokerage firm has been reckless with your investment or otherwise engaging in misconduct, you can take action by heading to arbitration. Investing always comes with a risk that you’ll lose money, but it shouldn’t happen so that your broker or …

Bad Advice from a Broker: How to Recover Compensation

As an investor, you need to be able to trust your stockbroker to make responsible investment recommendations that will help you further your goals as described in your investment portfolio. But when your broker fails you and you suffer exceptionally high losses, you may be able to recover compensation through a number of different avenues. Below, we review some of …

Wells Fargo Broker Recruitment and Upfront Payouts – Beware

This article focuses on Wells Fargo broker recruitment practices. Recently it has been reported that Credit Suisse Group and Wells Fargo have recently agreed to a recruiting arrangement whereby Credit Suisse’s U.S. brokers will be able to “smoothly” transition their practices and clients to Wells Fargo Advisers by early next year. While the press has been focused on some Credit …

The Elderly, Dementia, Alzheimer’s and How Investment Fraud Attorneys Can Help

Recently, FINRA has focused on the increase in cases involving the abuse of elderly investors by investment advisors and registered representatives. This has also become a focus of Investment Fraud Attorneys. Two weeks ago , as reported by Investment News FINRA filed charges against a Financial Advisor who tried to inherit 1.8 Million from his client who was suffering from Alzheimer’s. Advisers taking …

Mother of all Dispute Resolution Clauses and the Iran Nuclear Deal

On April 2, 2015 The US and the P5+1 powers agreed to a Joint Comprehensive Plan of Action (JCPOA) regarding the Islamic Republic of Iran’s nuclear program and the US State Department issued a fact sheet purportedly providing the details of such Plan. A key section of such plan relates to Sanctions and what will happen if it is determined …

Brokerage Firms Using U5s as Leverage

March 6, 2013 It seems more and more often now firms are threatening reps with filing false assertions on a broker’s U5 when they depart a firm, so as to gain leverage over the representative. When a dispute breaks out between a representative and a firm whether it is because the representative learns of some compliance procedure or SEC rule …

Heinz Insider Trading – Appears to be an Amateur

February 19, 2013, 5:15pm EST – News reports from Friday revealed that that the SEC in one of the rare occasions of acting expeditiously have frozen several Swiss bank accounts related to excessive purchases of call options in Heinz (HNZ) stock immediately prior to the takeover offer made by Warren Buffet. According to the complaint, Apparently some investor invested nearly …