REVERSED JUDGE TO HEAR INVESTORS’ MORGAN KEEGAN CLAIMS
Morgan Keegan is back in court, this time in a bench trial scheduled to last two weeks in front of a judge who originally dismissed the SEC regulators’ claims, according to an article in Bloomberg Businessweek. US District Judge William Duffy dismissed the action brought by the SEC which alleged Morgan Keegan misled thousands of […]
SEC CHARGES JP MORGAN & CREDIT SUISSE FOR MISLEADING INVESTORS
Once again JP Morgan has found itself in hot water with the SEC, this time alongside with Credit Suisse. The announcement came in a recent SEC News Digest that JP Morgan and Credit Suisse agreed to settlements to pay around $400 million dollars to investors harmed by their misleading information regarding residential mortgage backed securities. […]
TRIAL STARTS IN $68 MILLION INSIDER TRADING CASE
The jury has been selected for the trial of Anthony Chiasson and Todd Newman according to an article in the Dealbook section of the New York Times. Chiasson co-founded Level Global Investors and Newman was a portfolio manager at Diamondback Capital Management. Their charge- being part of a $68 million conspiracy that traded massive amounts […]
Basel May Provide Tougher Rules for Asset Backed Securities
The Basel Committee on Banking Supervision is posed to review how securitization is regulated globally in response to concerns that current regulations are not reducing excessive risk tasking, according to a recent Bloomberg.com article. The Basel Committee is associated with the Bank for International Settlements and is a forum for regular cooperation on banking supervisory […]
BH&F RANKED 2ND IN THE COUNTRY IN SECURITIES ARBITRATION
Dynamic Securities Analytics, Inc. released their nationwide rankings for the first two quarters of 2012. The law firm of The Frankowski Firm topped the list at second in the country. For the rankings, Dynamic compiled the number of cases each firm had in the first two quarters. Those firms that obtained the most wins for […]
JP MORGAN SUED BY NY ATTORNEY GENERAL
In the first suit to be filed under RMBS Working Group, JP Morgan has been served civilly over the mortgage backed securities sold by Bear Stearns, according to an article in the New York Daily News. The RMBS Working Group, created by the Obama Administration, investigates and prosecutes misconduct that contributed to the financial crisis. […]
Burke Harvey & Frankowski LLC Announces Investigation of Ancestry.com Inc.
The Frankowski Firm, LLC announces the commencement of an investigation into Ancestry.com Inc., (“Ancestry.com” or the “Company”) to determine whether it has violated securities laws by issuing false and misleading statements to its shareholders in connection with its public offering of securities in May of 2011. On May 11, 2011, Ancestry.com filed a Prospectus in […]
BURKE HARVEY & FRANKOWSKI INVESTIGATE DUKE ENERGY CORPORATION
The Frankowski Firm, LLC announces the commencement of an investigation into Duke Energy Corporation, (“Duke” or the “Company”) to determine whether it has violated securities laws by issuing false and misleading statements to its shareholders in light of recent disclosures made about the Company’s $32 billion merger with Progress Energy. On July 2, 2012, Duke […]
FUTURES BROKERAGE FIRM MISSING $200 MILLION
A day after the chairman and CEO of Peregrine Financial Group attempted to commit suicide outside of their office, the Commodities Futures Trading Commission filed a request in Federal Court to have the company’s assets frozen, according to a New York Times article. The CFTC also requested a restraining order against Peregrine Financial Group, keeping them […]
JPMORGAN FAVORING OWN FUNDS OVER INVESTORS’ NEEDS
Brokers at JPMorgan were encouraged to sell customers JPMorgan’s own funds, even if there were more suitable or cheaper options for the customers, a Dealbook.com article reported. This is not the first time there has been issue with the company favoring its own funds. JPMorgan was ordered to pay $373 million for favoring its own funds in a […]