InvestorLawyers.net’s founder Christopher J. Gray is presently handling cases against UBS on behalf of investors who sustained losses various purportedly “Principal Protected Note” debt securities sold by brokerage firm UBS to its customers. Brokerage houses, including UBS (UBS), Merrill Lynch (MER), Barclays (BCS) and Wachovia (WB) reportedly engaged in sales practices violations in which they…
Continue reading ›News commentators and regulators alike have called into question the sales practices of David Lerner Associates, which solicited many of its customers to invest in illiquid real estate investment trusts (“REITs”) called Apple REITs. The Financial Industry Regulatory Authority (“FINRA”) announced in March 2011 that it filed a complaint against David Lerner Associates, charging the…
Continue reading ›InvestorLawyers.net’s founder Christopher J. Gray is presently handling cases against UBS on behalf of investors who sustained losses various purportedly “Principal Protected” debt securities sold by brokerage firm UBS to its customers. These notes, which have various names, are also referred to as guaranteed linked notes, these securities were “structured products” that combined fixed income…
Continue reading ›The FBI is reportedly investigating two former Edward Jones brokers based in South Dakota for their role in a “selling-away” case that involved raising money from clients who invested in an alleged Ponzi scheme. A clientof Edward Jones, one of the largest brokerage firms in the country with more than 12,000 brokers, reportedly brought the…
Continue reading ›The Commodities Futures Trading Commission filed a case on May 24, 2011 alleging that certain commodities traders including Parnon Energy, Inc., Arcadia Petroleum Ltd. and Arcadia Energy (Suisse) SA (“Defendants”) violated the Commodities Exchange Act. The complaint alleges that defendants caused the price of futures and options contracts on West Texas Intermediate light sweet crude…
Continue reading ›Law Office of Christopher J. Gray, P.C. informs investors that if they wish to opt out of the securities settlement of a class action lawsuit (In re Tremont Securities Law, State Law, and Insurance Litig., U.S. District Court for the Southern District of New York Master Docket No. 08-CV-11117 (TPG), hereinafter referred to as the…
Continue reading ›Former head energy trader at now-defunct hedge fund Amaranth Brian Hunter was assessed a civil penalty of $30 million for allegedly violating the Federal Energy Regulatory Commission’s (“FERC”) anti-manipulation rules. FERC had charged Hunter with causing artificial prices in physical natural gas as an outgrowth of his alleged scheme to artificially depress the price of…
Continue reading ›The Financial Industry Regulatory Authority ( or “FINRA”) reached a settlement with and fined brokerage firm UBS Financial Services concerning UBS’s sale of so-called “100% Principal-Protection” notes issued by the former Lehman Brothers Holdings. The settlement resulted in UBS agreeing to pay a fine of $2.5 million, and required UBS to pay $8.25 million in…
Continue reading ›Christopher J. Gray, P.C., along with co-counsel, has filed a putative class action alleging the hedge fund Moore Capital violated the antitrust laws by manipulating the prices of palladium and platinum via a scheme of orchestrated trading during the last few minutes before the expiration of certain futures contracts traded on the New York Mercantile…
Continue reading ›Christopher J. Gray. P.C. and its co-counsel filed a Second Amended Complaint on March 31, 2010 containing substantial new allegations concerning Bank of America’s alleged knowledge of and substantial assistance provided to the now-defunct Ponzi scheme operation known as Agape World. The Second Amended Complaint alleges, among other things, that Bank of America ignored the…
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