Articles Posted in Uncategorized

Behringer Harvard REIT I is Now TIER REIT: New Name Doesn’t Solve Investor Problems
Law Office of Christopher J. Gray, P.C. Team

Behringer Harvard REIT I changed its name on June 21, 2013, to TIER REIT, Inc. Despite the name change which, according to the REIT’S president Scott Fordham was supposed to symbolize “how the company reflects the goals and objectives of its tenants and stockholders in everything it does,” investors continue to be trapped in an…

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Securities Arbitration Investigations Continue as FINRA Files Formal Complaint Against Thompson National Properties
Law Office of Christopher J. Gray, P.C. Team

Securities fraud attorneys continue to investigate claims on behalf of investors who suffered significant losses in Thompson National Properties (TNP) promissory note investments. Specifically, investors may bave viable claims regarding three note programs sold by TNP from 2008 to 2012 that, according to a Financial Industry Regulatory Authority (FINRA) complaint dated July 30, 2013, allegedly…

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SEC to Discuss Uniform Fiduciary Standard Rule for Brokers
Law Office of Christopher J. Gray, P.C. Team

According to a recent article in Investment News, Chairman of the Securities and Exchange Commission, Mary Jo White, wants the SEC to decide as soon as possible whether to propose a rule that would raise the standards for investment advice given by brokers. Securities fraud attorneys say a rule of this kind would play a…

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Harbinger, Philip Falcone Agree To Fines and Bar of Falcone to Settle SEC Charges
Law Office of Christopher J. Gray, P.C. Team

According to recently-filed court papers, to settled Securities and Exchange Commission (“SEC”) charges, hedge fund manager Philip Falcone of Harbinger Capital and certain Harbinger entities admitted to factual allegations by the SEC, agreed to pay disgorgement of over $6 million and fines of over $10 million, and agreed to a ban on Mr. Falcone’s association…

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Investors Could Recover Losses for TNP-Sponsored Investments
Law Office of Christopher J. Gray, P.C. Team

Stock fraud lawyers are currently investigating claims on behalf of investors who suffered significant losses in several TNP-sponsored investments, including the TNP 2008 Participating Notes Program LLC, sold by Berthel Fisher & Co. Financial Services Inc. and other full-service brokerage firms. Reportedly, around $26 million was raised from investors in total for the TNP 2008…

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15 Brokerage Firms Subpoenaed Over Alternative Investment Sales
Law Office of Christopher J. Gray, P.C. Team

Reportedly, 15 brokerage firms have been subpoenaed by the Commonwealth of Massachusetts as part of an investigation into sales of alternative investments to senior citizens. The following firms have reportedly been subpoenaed: Merrill Lynch, Morgan Stanley, UBS Securities LLC, Charles Schwab & Co. Inc., Fidelity Brokerage Services LLC, Wells Fargo Advisors, ING Financial Partners Inc.,…

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GenSpring Clients Could Recover Losses
Law Office of Christopher J. Gray, P.C. Team

Securities fraud attorneys are currently investigating claims on behalf of investors who suffered significant losses in their accounts with GenSpring Family Offices LLC, a firm owned by a wholly-owned SunTrust subsidiary. Reportedly, arbitration cases have already been filed on behalf of ultra-high-net-worth investors which allege mishandling of investment accounts by GenSpring. In one case, the…

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100 Percent Principal Protected Note Investors Could Recover Losses
Law Office of Christopher J. Gray, P.C. Team

Investment fraud lawyers are currently investigating claims on behalf of customers of UBS Financial Services who were sold 100 Percent Principal Protected Notes. 100 Percent Principal Protected Notes were bonds or structured notes issued by Lehman Brothers Inc. Lehman Brothers declared bankruptcy in September of 2008, resulting in disastrous losses for many investors. Recently, a…

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Investors Could Recover ATP Oil and Gas Note Losses
Law Office of Christopher J. Gray, P.C. Team

Securities fraud attorneys are currently investigating claims on behalf of investors who suffered significant losses in ATP Oil and Gas 11.875 Percent Senior Second Lien Exchange Notes. The investigation is regarding whether customers received unsuitable recommendations of the ATP Notes from their full service brokerage firm or advisor. Reportedly, a class action lawsuit was filed…

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Wells Fargo Ordered to Pay Investor $2.8 Million
Law Office of Christopher J. Gray, P.C. Team

Securities fraud attorneys are currently investigating claims on behalf of Wells Fargo Advisors LLC customers in light of a recent arbitration award regarding the firm’s alleged failure to detect theft and fraudulent transactions in a customer’s account. On July 3, 2013, a Financial Industry Regulatory Authority arbitration panel ordered Wells Fargo to pay an investor…

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