If you didn't find what you were looking for, try a new search!
UBS lost an arbitration case this week pertaining to the offer and sale of a number of Puerto Rico Fixed Income and Bond funds. The Claimant in the arbitration asserted causes of action for violation of the Puerto Rico Uniform Securities Act, securities fraud, constructive fraud, breach of contract, negligence, negligent supervision, failure to supervise, [...]
Mark Cornell, owner of JMACK Energy, pleaded guilty to securities fraud in the United States District Court for the Eastern District of Kentucky last week, admitting that he engaged in a scheme that bilked investors out of three million dollars. According to court records, Cornell's co-defendants gave investors false information regarding oil wells to represent [...]
The Frankowski Firm is continuing its investigation of Leavitt Sanders and the firms with which he has been associated as further allegations surface against them. John D. and Maxine S. Bankston of Lilburn, Georgia have accused financial adviser Leavitt Sanders of fraud and numerous securities violations. The couple, who are in their eighties, filed their [...]
An arbitration panel for the Financial Industry Regulatory Authority (“FINRA”) has made findings against Morgan Stanley Smith Barney, LLC and entered an award against the firm of over $500,000 in favor of a couple who filed claims against the firm alleging that Morgan Stanley sold them unsuitable investments. The couple alleged that their Morgan Stanley [...]
An arbitration panel for the Financial Industry Regulatory Authority (“FINRA”) has entered a $1.4 million award against Pershing, LLC for its role as a custodian and clearing firm in the R. Allen Stanford Ponzi Scheme, the second-largest investor fraud in US history. The claim was filed by a group of investors who invested in CDs [...]
A panel of arbitrators of the Financial Industry Regulatory Authority (“FINRA”) has entered a unanimous decision against Morgan Stanley and its broker, Michael Lee Canney, of Des Moines, Iowa. The complaint was filed by a law firm’s defined benefit employee plan, alleging that Morgan Stanley and Canney breached their fiduciary duties, were neglectful, breached their [...]
A Financial Industry Regulatory Authority (“FINRA”) arbitration panel has entered an award of over $276,000 against Quest Capital Strategies, Inc., of Lake Forest, California. The case centered around a customer’s complaint that Quest Capital violated federal securities laws; Virginia securities laws; the Florida Securities and Investor Protection Act; breached its customer contract; breached its fiduciary [...]
A Financial Industry Regulatory Authority (FINRA) arbitration panel has entered a $300,000 award against Moloney Securities, Inc. and Moloney Securities Asset Management, LLC, of St. Louis, Missouri. The claimants in the arbitration claimed that the Moloney firms breached fiduciary duty, committed fraud, made unsuitable investment recommendations, misrepresentations, were neglectful, failed to supervise their broker(s), breached [...]
Attorneys Helping Victims of Negligent and Fraudulent Miami Stockbrokers Protecting victims of investment misconduct in Florida and throughout the country There are many ways in which an investor might suffer financial losses. When brokers are negligent and fail to operate within the standards of their profession, you may be able to make a claim [...]
Seasoned Lawyers Advise Houston Investors on Broker Fraud and Negligence Issues Providing strong advocacy when Texas brokers commit securities fraud or negligence Registered investment advisors, brokers and broker-dealers are licensed professionals owe their clients a high duty of care. When they fail in that duty, investors have options for pursuing damages, and to recoup their [...]
