Many investors are facing investment losses and tax penalties due to the bad advice to invest in a Conservation Easement. However, Financial Advisors have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their clients. If you are currently being...
“Following last month’s report by the SEC to the House Appropriations Committee on private arbitration (and the use of forced arbitration clauses) in the RIA industry, investor advocates vow that if the commission won’t mandate more industry transparency, they’ll push Congress to step in. “I realize there’s all...
“A trade group representing plaintiffs’ lawyers on Tuesday called for the Securities and Exchange Commission to end a “broken” arbitration system for investors bringing claims against registered investment advisors and to force RIAs to be more transparent about customer complaints. The Public Investors Advocate Bar Association...
The Securities and Exchange Commission has no way to track the number of registered investment advisor arbitrations or unpaid arbitration awards, according to a just-released report. Last year, the House Appropriations Committee expressed concerns about the proliferation of mandatory arbitration clauses among SEC-registered investment advisors and...
"Credit Suisse has asked a New York federal judge to permanently toss a proposed class action alleging it caused retail investors substantial losses in delisting a popular exchange-traded note, arguing the investment banking company put out adequate warnings about the note's risks. Credit Suisse AG said...
Georgia Ruling Found Wells Fargo and FINRA in Cahoots, Tainting the Arbitration Panel Selection Process; Wronged Investors Demand Answers from FINRA WASHINGTON, DC – February 2, 2022 – Last week, the Superior Court of Fulton County, GA found that Wells Fargo Counsel and FINRA Dispute Resolution...
“Opening the Floodgates”: Major Surge in Lawsuits Expected From Thousands of GPB Capital Victims in Class Action Litigation and FINRA Arbitration Cases to Recover Lost Investments. NEW YORK CITY//February 9, 2021//The filing of criminal charges last Thursday (February 4th) against GPB Capital on the grounds that...
Madoff Lesson Not Learned? Law Firm Sounded Alarm in Mid-2019 Even as GPB Capital Got a Pass From Most on Wall Street and in the Media; “Thousands of Victims Needlessly Cleaned Out” by Delay in Action. NEW YORK CITY//February 4, 2021//Joseph Peiffer, managing partner, Peiffer Wolf...
"November 30, 2020 - ORANGE, Calif. — Former insurance agent Brian Fredric Sauls, 48, of Santa Ana, was arrested on 13 felony counts of securities violations, theft from an elder, and residential burglary after california department of insurance logoallegedly persuading clients to invest over $1.1...
The Obama administration’s efforts to require firms to truly work in the interests of investors has already given people better choices, a new study says. "A battle over exactly how investors should be treated when they get financial advice has been underway for years. The Obama...
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