MORGAN KEEGAN REP BARRED FOR LIFE
A Morgan Keegan broker has been barred from the industry by FINRA, according to an article on onwallstreet.com. Michael Venable, of Tyler, Texas, was barred for life from the financial industry after he jeopardized 10 of his clients. The article discussed Venable putting people into investments that were not suitable for them, sometimes without their knowledge at […]
FINRA SANCTIONS FOUR FIRMS $9.1 MILLION OVER ETF SALES
According to a FINRA press release Morgan Stanley, UBS, Wells Fargo and Citigroup have all been fined by the financial regulatory authority. For a year and a half, the firms did not have adequate systems in place to supervise the sale of leveraged and inverse ETFs. FINRA also found that the firms did not conduct adequate […]
BURKE HARVEY & FRANKOWSKI INVESTIGATE DEMAND MEDIA
Atlanta Investment Fraud Attorneys At The Frankowski Firm, we stand as a beacon of trust and advocacy for investors who have been victimised by unethical brokers or investment advisors. With a steadfast commitment to justice, our seasoned Atlanta investment fraud law firms tirelessly advocate for investors, both small and large, who have suffered financial losses due to […]
RAYMOND JAMES DISMISSES 200 IN MORGAN KEEGAN PURCHASE
Atlanta Investment Fraud Attorneys At The Frankowski Firm, we stand as a beacon of trust and advocacy for investors who have been victimised by unethical brokers or investment advisors. With a steadfast commitment to justice, our seasoned Atlanta investment fraud law firms tirelessly advocate for investors, both small and large, who have suffered financial losses due to […]
FINRA SEES SPIKE IN REGULATORY ACTIONS AND FINES IN 2011
According to this article on law.com, the Financial Industry Regulatory Authority (FINRA) reported an increase in discplinary actions and fines during the year 2011. FINRA, which oversees brokerage firms, stepped-up its enforcement, with nearly 1,500 actions filed in 2011. According to the article, FINRA banned 329 individuals from practicing in the industry during 2011, up […]
SECURITIES CLAIMS CONTINUE AGAINST UBS FINANCIAL AND LEHMAN BROTHERS
Even with Lehman Brothers in Bankruptcy Court, investors who sustained losses in Lehman Brothers Principal Protected Notes still have options for recovery, according to this article on the Market Watch section of the Wall Street Journal online. Overall, the article contends that investors who file an individual securities arbitration claim achieve the highest rate of recovery. […]
REGIONS TO REPAY TAXPAYER BAILOUT WITH $900 MILLION STOCK SALE
To repay a $3.5 billion taxpayer bailout, Regions Bank has announced plans to sell $900 million worth of common stock, according to this article from Bloomberg Businessweek. While most of the biggest U.S. banks already returned bailout funds, Regions was among the worst performers in the KBW Bank Index (BKX) in 2008 and 2009 as […]
The Perils of Non-Traded REITs
Unlisted, or non-traded, REITS differ from listed REITs in that they are not traded on an open market. Rather, non-traded REITs are sold to investors who then hold the product until the end of an investment term. The value of a non-traded REIT is set by the very companies which sells it. Unlike a listed, […]
ARBITRATORS ORDER MORGAN KEEGAN TO REPAY CLAIMANTS’ RMK FUND LOSSES
Morgan Keegan must repay the financial losses of three Georgia RMK Fund investors, plus forum costs, according to the January 18, 2012 Order of an arbitration panel of the Financial Industry Regulatory Authority (FINRA), which heard the case in Atlanta, Georgia. The Claimants are among thousands of investors who lost money as a result of […]
ARBITRATORS ORDER MORGAN KEEGAN TO REPAY CLAIMANTS’ RMK FUND LOSSES PLUS ATTORNEYS’ FEES
Nashville Investment Fraud Lawyer When you give your money to an investment firm, it can help it grow. But, before you do, it’s vital to research the firm well. Some firms might try to cheat you, causing you to lose a lot of money. At The Frankowski Firm, we’ve helped many people who were hurt […]