+1-888-741-7503

|Richard@frankowskifirm.com

Frankowski Firm Investigating UDF REITs

The Frankowski Firm is continuing its investigation into United Development Funding III and IV (UDF) on behalf of investors in the company's real estate investment trusts (REITs). The FBI recently raided the company's offices in Texas, and immediately afterward UDF IV's price dropped to $3.20 per share, more than 81% lower than its December 2015 price of $17.20. Investors have lost about $1 billion in UDF investments and shareholder class action lawsuits have been filed. The investment fraud attorneys at The Frankowski Firm believe that they can help investors recover their losses, including investors who invested in UDF products prior to June 2014. Richard Frankowski, owner of The Frankowski Firm said, "Investment advisers, brokers and their firms have a legal duty to understand and communicate to investors all the material facts about an investment, including the risks, before the investment is made. In other words, they have a duty not to misrepresent or fail to disclose any important facts before [...]

By |March 2nd, 2016|Legal Matters, FINRA, Fraud, Press Releases & News|
Read More

PIABA: Investors Owed Millions In Arbitration Awards Unable To Collect

According to the Public Investors Arbitration Bar Association (PIABA), FINRA is failing to help investors collect arbitration awards for damages from the brokers. Seventy-five FINRA arbitration awards, about a third of the 2013 total, are unpaid according to a report released by PIABA. That is $62 million in award money or about 25% of the total owed to investors for damages that year. PIABA, which is a not-for-profit bar association of attorneys who represent investors in securities arbitration and litigation, stated that those findings were "unconscionable." PIABA further claims that FINRA, which usually does not publish the percentage of total awards that go unpaid each year, is not doing enough to help the problem. The report claims that the majority of brokerage firms are underfunded, placing aside a "surprisingly" small amount of net capital that could be used to make those payments. "The arbitration award is meaningless if the broker or brokerage firm does not have the resources to pay [...]

By |February 25th, 2016|FINRA, Press Releases & News|
Read More

FINRA Restitution To Investors Tripled To $96.2M Last Year

In 2015, FINRA secured $96.2 million in restitution, nearly triple the $32.3 million it did in 2014, evidencing the regulator's push to be more aggressive in returning money to investors ripped off by brokerages over the past year. “They are clearly exercising more of their ability to aggressively seek the range of sanctions,” said attorney and former FINRA vice president and head of regional enforcement Daniel Nathan. “It goes beyond simple fines. It's more about investor protection.” The total amount of fines ordered by FINRA on its member firms in 2015 is projected to be $93.9 million, down from $134 million in 2014. That difference can be attributed in large part to a $43.5 million fine in December 2014 for cases centering on research analysts. Experts believe the FINRA fine level is on an upward trajectory despite the decline from 2014 to 2015. “Even though the total fines are far lower than last year, they are much higher than they had been during the [...]

By |January 7th, 2016|FINRA, Press Releases & News, SEC|
Read More

Adviser Loses Job Following Weekend Client Raid

An arbitration has been filed accusing Oppenheimer & Co. of overstepping its bounds during a three day weekend earlier in the summer during which it mounted a massive client raid. Industry experts claim that this is fairly common. However, details of the raids rarely become public, at least in part because of an industry agreement designed to reduce litigation that regulates broker job-hopping. The details in this matter, however, are quite telling. On the Friday before Memorial Day, Steven Savoy, at the time an investment adviser with Euro Pacific Capital, wrote a brief note to his CEO stating that he was resigning, effective immediately. Euro Pacific contends that this note was sent from inside an Oppenheimer officer in Saddle Brook, New Jersey, initiating a plan that had been in the works for weeks. Euro Pacific further claims that Savoy had left with confidential client lists that he and his new boss used to contact numerous people over the holiday weekend. Letters [...]

By |September 21st, 2015|FINRA, Press Releases & News|
Read More

Fill Out The Form To Receive A Free Confidential Consultation

Consultation

The recoveries, verdicts, favorable outcomes, and testimonials described on this site are not an indication of future results. Every case is different, and regardless of what friends, family, or other individuals may say about what a case is worth, each case must be evaluated on its own facts and circumstances as they apply to the law. The valuation of a case depends on facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among many other factors. No representation is made that the quality of the legal services performed is greater than the quality of the legal services performed by other lawyers.

Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.