July 1, 2011, The Securities Law Firm of Menzer & Hill, P.A. www.suemyadvisor.com, announced today an investigation into the sales practices of Ladenburg Thalman Financial Services Inc., its subsidiaries: Investacorp Inc. and Triad Advisors, Inc. as well as Imperial Capital LLC. 

The investigation relates to the disclosures made to investors related to the risks involved with investing in the IPO of FriendFinder Network, Inc., (NasdaqGM: FFN )  including the fact that the company has a debt level of approximately $450 million. 

While the prospectus discloses aspects of the company’s financials, our investigation will reveal whether investors were advised of material risks by their financial advisors including the company’s disclosure that should certain adverse conditions come to pass that the company “may be unable to continue operating as a going concern.”

Since its IPO in May 2010, at $10.00 a share, the stock price has plummeted, dropping to approximately $4.00 a share or 60 percent.

Investors who purchased shares in FriendFinder Network, Inc. are urged to explore their legal rights and options. The attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses.

For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com

The Securities Law Firm of Menzer & Hill, P.A. (www.suemyadvisor.com) announced today that it has filed a FINRA arbitration claim against FS2 Capital Partners, LLC (“FS2”), an affiliate of Franklin Square Capital Partners, and Franklin Square Holdings, LP, its parent, on behalf of one of its former employees related to a breach of contract claim.  The statement of claim alleges that FS2 hired one of the top wholesalers in the country away from a competitor, then and only after the employee raised tens of millions of dollars for FS2 after he nearly sold out the FS Investment Corp. (“FSIC”) FS2 was raising capital for, informed the employee that they were “restructuring and eliminating his position” and terminating his employment albeit without cause and just at the beginning of the offering of the FS Energy & Power Fund (“FSEP”).  In effect, FS2 used a work horse to secure them millions of dollars, and then unilaterally fired the employee without paying him what he rightfully earned! 

It is alleged that FS2 is attempting to circumvent their contractual obligations which could potentially cost the company in excess of a million dollars in commissions owed to their former employee.

Michael Hill, Managing Partner with the Securities Law Firm of Menzer & Hill, P.A. says, “based on the evidence and information shared with us by the former FS2 employee, it’s unconscionable that FS2 would resort to such unscrupulous means in an attempt to withhold commissions so rightfully earned by an employee that went above and beyond his duties.” 

“Furthermore, it is our belief that a FINRA panel will find the behavior by FS2 so egregious that it could potentially assert punitive damages against the company,” says Hill.

The Securities Law Firm of Menzer & Hill, P.A. represents investors nationwide that have lost money due to the negligence of their brokers/financial advisors and the failure to supervise by their broker-dealers.  The firm also represents registered representatives in claims they may have against their broker-dealer.

If you have any questions related to this press release or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at www.suemyadvisor.com.

The Securities Law Firm of Menzer & Hill, P.A. www.suemyadvisor.com, announced today it filed an arbitration claim against Comerica Securities, Inc., a subsidiary of Comerica Bank (NYSE: CMA) on behalf of an 81 year old retired investor and his wife.

The claim alleges that the Respondent and several of its brokers were negligent in the management of Claimants’ portfolio, originally worth over $1 million.  The claim further alleges violations of Michigan Uniform Securities Act, unsuitability, breach of fiduciary duty and breach of contract.  Claimants’ losses exceed $100,000.

Michael Hill, Managing Partner with the Securities Law Firm of Menzer & Hill, P.A. says, “the investors wanted a safe and conservative growth portfolio for the remainder of their retirement and instead received an actively traded account that exposed them to unnecessary market risks.”

For a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at www.suemyadvisor.com.

The Securities Law Firm of Menzer & Hill, P.A. www.suemyadvisor.com, announced today it filed an arbitration claim against Wells Fargo Advisors LLC (“WFA”), a subsidiary of Wells Fargo & Company (NYSE: WFC) on behalf of a 79 year old retired investor.

The Claim alleges that WFA and its broker were negligent advising the Claimant regarding his variable annuity, which negligence ultimately caused the complete loss of an accumulated death benefit.  Despite annual reviews with his broker, simple changes were never made, which could have easily prevented the unfortunate losses sustained in the account.

Michael Hill, Managing Partner with the Securities Law Firm of Menzer & Hill, P.A. says, “it’s becoming clearly evident that many financial advisors lack the understanding or knowledge of annuities, and it’s the innocent investor who ends up suffering.”

If you have sustained annuity or other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at www.suemyadvisor.com for a free case evaluation.

BOCA RATON, Fla., Jan. 14, 2011 (GLOBE NEWSWIRE) — The Securities Law Firm of Menzer & Hill, P.A., www.suemyadvisor.com , announced today it filed an arbitration claim against Raymond James & Associates, Inc. (“RJA”) (NYSE:RJF) on behalf of a former Operations Manager.

The claim alleges that the Claimant, while serving as an Operations Manager for one of RJA’s California branch offices, consistently reported on a series of inappropriate and violative sales practices by the branch manager, and certain other financial advisors of the branch office to regional management, senior management and home office compliance department. Some of the alleged violations included unsuitable trading and churning in accounts of elderly customers, failure to respond to exception reports, unapproved seminar speaking, misuse of marketing funds and mismarking trade confirmations.

Claimant was then terminated and allegedly defamed on his Form U5 in alleged retaliation for threatening to speak to regulators.

Michael Hill, Managing Partner with the Securities Law Firm of Menzer & Hill, P.A., says, “One would think that given Raymond James’ and its affiliates’ regulatory history of supervisory failures, according to FINRA’s BrokerCheck, that it would act on compliance reports from its field force and increase its compliance posture to protect the investing public.” 

For a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at www.suemyadvisor.com .

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The Securities Law Firm of Menzer & Hill, P.A., www.suemyadvisor.com, announced today it filed an arbitration claim against UBS Financial Services, Inc. (“UBS”), (NYSE: UBS) on behalf of an investor who lost the vast majority of his retirement savings as a result of the purchase of Lehman Brothers principal protected notes (“Notes”).  The claim alleges UBS was negligent and engaged in gross misconduct by misrepresenting and omitting material facts regarding the Notes.

UBS marketed the Notes as safe, secure, investments without informing the purchasers of the true risks associated with the Notes, including the fact that the Notes were tied to the credit worthiness of the guarantor, Lehman Brothers.   Furthermore, based on the examiner’s report of the Lehman Brothers bankruptcy, UBS engaged in short term lending transactions with Lehman Brothers known as Repo 105 transactions on a fully collaterized basis, while its trading force continued to solicit purchases of the Notes which contained 100% risk.  When Lehman Brothers filed for bankruptcy, the values of the Notes became essentially worthless. 

If you have purchased Lehman Brothers Notes or have sustained any other investment losses, the attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses as a result of broker misconduct. 

For a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com.

The Securities Law Firm of Menzer & Hill, P.A., www.suemyadvisor.com, announced today it has filed an arbitration claim against vFinance Investments, Inc., a subsidiary of National Holdings Corporation (OTCBB: NHLD.OB ), for its failure to supervise one of its financial advisors who engaged in the unauthorized, unsuitable trading in speculative stocks resulting in the losses of an investor’s life savings.

Investors who have sustained losses due to the negligence and misconduct of their brokers are urged to explore their legal rights and options. The attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses.

For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com.

If you’re paying a percentage fee to your broker or financial advisor to manage your investment portfolio, be mindful of the following things.  This type of account is called an “investment advisory” account and as such is subject to additional regulatory requirements incumbent on the broker.

1. Does your portfolio have a single large position?  For example, if you have a $500,000 portfolio and have in it, a $300,000 position in AT&T (NYSE: T) and gave instructions to your advisor not to ever sell that position, then you need to make sure that advisor’s fee does not include the AT&T position, or at least negotiate a discount on that portion of the portfolio.  If the advisor is not performing any investment advisory service on a position that is restricted by the client then it may be a conflict of interest for the advisor to earn a fee on it.

2. Has your advisor recommended your portfolio to own any new issues such as: closed end funds, structured notes, structured products, IPOs, etc.?  If so and if those products are bought in the fee-based account, then it may be a conflict of interest for the advisor to charge a fee on the assets of those new issues.  Make no mistake, advisors earn a nice commission on new issue securities, which often is “baked” in the offering price so you do not easily see it.  An advisor earning a commission and a fee in a fee-based account is “double-dipping” and is a violation.

3. Make sure the investments being recommended or chosen by the advisor conform to your initial investment policy, investment objectives, or investment strategy.  This would have been discussed during the opening of the investment advisory account and, perhaps, updated periodically thereafter.  If an advisor recommends or trades securities not in conjunction with what was presented at the onset of the account opening, then that may be a basis for a claim should there be any losses.

4. Are you receiving a disclosure brochure from the advisor every year?  This is an SEC requirement that details the account description, fees, products traded, conflicts of interest, etc.  Read it!  If you’re not getting it, it could be a violation of the investment advisory agreement.

5. Look your advisor up on FINRA’s BrokerCheck or SEC’s Investment Advisor search.  Go to www.finra.org or www.sec.gov to do this.  Recently, the SEC has been providing disclosure information on individual investment advisors on its website.  Take advantage of this program.

The Securities Law Firm of Menzer & Hill, P.A., www.suemyadvisor.com, announced today it filed an arbitration claim against NEXT Financial Group (“NEXT”), for its failure to supervise one of its financial advisors who engaged in unauthorized and excessive trading within an investor’s account.

Consistent with the arbitration claim this Firm just filed, the Financial Industry Regulatory Authority’s (“FINRA”) BrokerCheck website, on November 10, 2010, states that NEXT “did not have a reasonable system for reviewing the transactions of its registered representatives for excessive trading.”

Gary Menzer, co-founder and managing partner of Menzer & Hill, P.A., says “the $400K fine and regulatory action FINRA assessed against NEXT is not surprising considering the activity we uncovered in the account of one of our clients and customer of NEXT.”  Investors are encouraged to contact Menzer & Hill, P.A. if they believe their accounts are being excessively traded by their brokers or are subject to other abuses.

The attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses. 

For a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com