888-923-9223In a recent FINRA Securities Arbitration case, against Black Diamond Securities, et al, Arbitration Panel awards the customers more than $3 Million in damages, including attorney fees, costs and interest for breach of fiduciary duty, unjust enrichment, and misrepresentation involving options trades in customer accounts. For a free case evaluation or to discuss any other… Read more »
Posts Tagged: securities fraud
Customer Arbitration Award – Unsuitable Investment
Gruberman v. LaSalle Street, FINRA ID #12-02021 (Chicago, IL, 1/30/2014) – In this explained Award, a customer couple win $135,000 against a broker-dealer for failing to advise them of unfavorable information on a tenancy in common it recommended. For a free case evaluation or to discuss any other investment losses, please contact the Securities Law… Read more »
Customer Arbitration Award – Promissory Note Partnership Investment
Carson v. VSR Financial, FINRA ID #11-02400 (Minneapolis, MN, 12/23/2013) – A customer complaining that he received a fractional share of a promissory note when he expected a partnership interest may be equally surprised, but certainly happier, when he recovers $40,000 more in compensatory damages than he requested. For a free case evaluation or to… Read more »
Judge Upholds Restraining Orders in Menzer & Hill, P.A.’s Putative Class Action Against DeWaay Financial
“This is a win for equity and fairness,” said Scott Adkins, Chief Litigation and Bankruptcy Counsel, with Menzer & Hill, P.A. and class action counsel for the putative class. “DeWaay has extremely limited resources and hundreds of clients who’ve lost a lot of money.”
Broker managing your portfolio?
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? … Read more »
The Securities Law Firm of Menzer & Hill, P.A. Files an Arbitration Claim Against NEXT Financial Group.
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… Read more »
Requesting Higher Yield on Your Portfolio? Proceed With Caution.
In today’s low interest rate environment retirees and soon-to-be retirees, on fixed income, often try to get more interest and yield in their retirement nest eggs. These investors should be wary when asking their broker or financial advisor to find investments that have higher interest or dividend rates. The compliant broker may look for suitable… Read more »
Higher broker standards for recommending Leveraged and Inverse ETFs
In our earlier press release, we stated that the Financial Industry Regulatory Authority (FINRA) reminded all brokers and broker-dealers, in a regulatory notice, of their requirements prior to recommending the purchase of a leveraged or inverse exchange-traded fund (ETF). See FINRA Regulatory Notice 09-31 . These requirements are more than what is required prior to recommending… Read more »