"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...
"New streamlined SEC disclosure meant to aid investors often leaves them in the dark In July, millions of American investors received a new government-mandated form from their financial planners that required advisers to disclose past misdeeds. But hundreds of the firms didn’t tell the full truth,...
Financial advisor | Law 360 | June 5, 2020 This summer, it may become more difficult for investors to determine whether a financial advisor indeed has their best interests at heart. Starting June 30, financial advisors who are affiliated with broker-dealers legally will be required to place clients’...
Reg BI | Law 360 | June 5, 2020 Law360 (June 5, 2020, 7:17 PM EDT) -- With the compliance deadline for the U.S. Securities and Exchange Commission's Regulation Best Interest fast approaching on June 30, broker-dealers and those who advise them are gearing up for a...
Investors | The Wall Street Journal | Akane Otani and Sebastian Pellejero | June 1, 2020 "When William Mark decided to get back into investing after the 2008 financial crisis, he looked past stocks and bonds. Needing to play catch-up with his retirement portfolio, the piping engineer...
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