Investment Fraud Lawyer Blog

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Designed to educate consumers about current events in the financial services industry.

Author: Page Perry is an Atlanta-based law firm.

Blawg Related Categories: Banking Law • Securities Law • Law Firm

Recent Posts from Investment Fraud Lawyer Blog

Broker Defections from Major Wall Street Firms on the Rise
Since the middle of March, Smith Barney has lost at least 650 of its approximately 14,000 financial advisors, according to Discovery Database, an industry research firm. The reasons for the Smith Barney departures have been…
Pending Legislation to End Mandatory Securities Arbitration?
Investors who have been defrauded by their brokers and financial advisers are almost universally required to bring their claims through arbitration rather than lawsuits, but that may be about to change. Bills have been introduced…
Investors Need to be Careful with Target-Date Mutual Funds
Target-Date mutual funds are not always what they appear to be, reports Leslie Wayne in her June 25, 2009 article in the New York Times entitled “Target-Date Mutual Funds May Miss Their Mark.” Target-Date mutual…
JPMorgan Sued for Sale of High Risk, Illiquid Real Estate Investments
Billionaire Len Blavatnik filed a lawsuit against JPMorgan Chase this week, claiming that the investment bank had mismanaged a $1 billion investment account that held assets on behalf of Blavatnik’s company, Access Industries. The suit…
Lehman Brothers Hit with $190 Million Suit over Auction Rate Securities
Lehman Brothers Holdings Inc is being sued by two of its former clients for more than $190 million based upon allegations the failed bank mislead them about the market for auction-rate securities....
Page Perry's Market Monitor - June 26, 2009
There have been various developments over the past several weeks which investors may consider relevant in allocating their resources or evaluating alternatives that are available to them. Some of the more significant developments include, but…
"100% Principal Protected Notes" - Designed to Deceive?
UBS marketed and sold Lehman “structured notes” to ordinary retail investors. It instructed its brokers that the products were suitable for conservative investors who did not want to put their principal at risk. Investors who…
Danger Ahead for Investors in Commercial Mortgage-Backed Securities
Recent reports indicate that serious problems lie ahead for investors in approximately $700 billion in commercial mortgage-backed securities. The securities are complex structured finance instruments that are constructed with bundles loans secured by apartments, shopping…
It's Time to Make Securities Arbitration Completely Neutral
An organization of attorneys who represent investors in securities arbitrations has filed a petition with the Securities and Exchange Commission to eliminate FINRA’s requirement that, in cases over $100,000, one of the three arbitrators must…
Toxic Securities Alert: Reverse Convertibles
Every time there is a significant downturn in the market, Wall Street’s “rocket scientists” conjure up complex new products that purport to be conservative and pay hefty returns but end up slamming investors. Add reverse…