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 …

FINRA Attorney Firm Meissner Associates Wins in NY Supreme Court- Client’s Sexual Abuse Claim Stays in FINRA Arbitration

On Sept 1, 2016 the Hon. Judge Singh of the New York State Supreme Court Commercial Division ruled in favor of Meissner Associates client denying an Order to Show Cause seeking to avoid the case being heard in FINRA arbitration. As noted in our previous post, the FINRA arbitration claim was filed in April of 2016. Since such time the …

Meissner Firm Client Awarded 22.4+ Million Dollars in 2nd Highest SEC Whistleblower Award

As well reported in the press by Reuters, AP, the Wall Street Journal, New York Times, CNN, CNBC, and many other publications, the SEC has announced  that our client will receive a 22.4+ million dollar award for submission and cooperation with the SEC’s investigation into conglomerate  Monsanto Co.  The award amounted to 28% out of maximum of 30% that he could …

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 …

Investigating UBS and Puerto Rico Bond Funds

Since at least 2011 UBS Financial has recommended UBS Puerto Rico Closed End bond Funds (CEFs) . Such funds were leveraged perpetual baskets largely of Puerto Rico agency bonds; UBS promoted them as having had significant tax advantages and an interest rate averaging in excess of 6%: and were legally available only to residents of Puerto Rico. UBS documents stated that these securities …