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

Examinations of Investment Advisers Are Becoming More Demanding
Investment adviser firms, their lawyers, and their consultants all report that the Securities and Exchange Commission's examinations are becoming more demanding. Examiners are spending more time on the exams and are writing up more lengthy…
Private Investments (a/k/a Reg D Investments) Pose Significant Risks to Investors
Illiquid, unregulated private placement investment offerings are worrying state regulators, who are charged with protecting the investing public from investment scams, according to a recent article in InvestmentNews by Bruce Kelly. They are known as…
Have You Lost Money in ETF's?
There has recently been a spate of litigation and regulatory activity surrounding exchange-traded funds (ETF’s), particularly leveraged or inverse ETF’s. Both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have…
Schwab YieldPlus Investors Should Consider Their Options
Investors in Charles Schwab’s YieldPlus Fund need to be aware of their options in light of the recent certification of a class action brought by YieldPlus investors against Schwab. Most importantly, YieldPlus investors who are…
Page Perry's Market Monitor - October 30, 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…
Credit Suisse Sued Again over Auction Rate Securities Abuses
Roche International has sued Credit Suisse for over $270 million in losses that the drug company incurred after the bank’s brokers invested $545 million of its money in auction rate securities. Roche’s Credit Suisse relationship…
It's Time to Eliminate Industry Bias from Securities Arbitration
The Financial Industry Regulatory Authority (FINRA) announced the expansion of a two-year pilot program that gives some investors an opportunity to select an arbitration panel composed of three public arbitrators instead of two public and…
Ameriprise Settles Deceptive Sales Practices Charges
InvestmentNews reported on October 25 that Ameriprise Financial Services reached a settlement with Massachusetts over accusations of deceptive sales practices. The $200,000 settlement centers on the Ameriprise’s failure to supervise their financial representatives, allowing them…
The SEC Must Adopt an Aggressive Enforcement Program if it is to Restore its Credibility
A recent InvestmentNews op-ed on September 27 endorsed Judge Jed Rakoff’s action in the Bank of America settlement process. Bank of America is accused of lying to shareholders about $5.8 billion in bonuses paid to…
Court or Arbitration - Brokerage Firms Want to have their Cake and Eat it Too
Merrill Lynch has apparently pulled a fast one on unsuspecting brokers who thought they could resolve promissory note disputes with the firm through FINRA arbitration – it (cleverly) issued the notes through a non-member of…