Articles Posted in Uncategorized

David L. Rothman, a Pennsylvania resident, has been charged by the Securities and Exchange Commission for allegedly defrauding elderly clients. Stock fraud lawyers say the civil and criminal charges accuse Rothman of sending his clients falsified account statements that inflated the value of their accounts. Then, in a repayment scheme, Rothman took funds from another…

Securities fraud attorneys are currently investigating claims on behalf of investors who have suffered significant losses as a result of their investment in a Geneva Organization tenant-in-common, or TIC. A real estate investment company founded by Duane Lund in 2003, the Geneva Organization specializes in pooling individual investors into larger groups to buy commercial real…

Stock fraud lawyers are currently investigating claims on behalf of investors who suffered significant losses as a result of their investment in a Layton Energy Wharton LP product. As a Texas-based energy company, Layton Energy Wharton offers various private placements, one of which is Layton Energy Wharton LP. Launched in 2007, this investment’s aim was…

Investment fraud lawyers are currently investigating claims on behalf of the customers of First Midwest Securities Inc. and Scott & Stringfellow LLC in light of recent fines and censures by the Financial Industry Regulatory Authority. Both firms were censured; in addition, First Midwest Securities was fined $75,000 and Scott & Stringfellow was fined $350,000. Both…

Securities fraud attorneys are currently investigating claims on behalf of the customers of Sanders Morris Harris Inc. and Fifth Third Securities Inc. in light of recent fines and censures by the Financial Industry Regulatory Authority. Fifth Third Securities was fined $80,000 and ordered to pay restitution to investors in the amount of $26,876.52, plus interest.…

Stock fraud lawyers are currently investigating claims on behalf of investors who suffered significant losses as a result of their investments with Fidelity Brokerage Services LLC and Fidelity Investments Institutional Services Company Inc. Reportedly, Fidelity Brokerage Services and Fidelity Investments Institutional Services Company submitted a Letter of Acceptance, Waiver and Consent recently. In this letter,…

According to stock fraud lawyers, the Financial Industry Regulatory Authority has and will continue to relentlessly target non-traded real estate investment trusts, or REITs. Specifically, the regulatory authority is focusing on how broker-dealers sell these investments and potential shortcomings in their strategies. According to the Executive Vice President of Member Regulation Sales Practices at FINRA,…

Following the dismissal of the class action lawsuit against ProShares, securities fraud attorneys are investigating potential claims on behalf of investors who suffered significant losses as a result of their investment in the ProShares leveraged and inverse exchange-traded funds. The U.S. District Court for the Southern District of New York recently dismissed the class action…

Securities fraud attorneys scored a win for investors in FINRA arbitration against a unit of Citigroup Inc. in a FINRA ruling on September 5. The arbitration panel ordered Citigroup to pay investors losses amounting to $1.4 million. These losses were associated with a municipal bond steeped in derivative securities that were very risky — yet…

Securities arbitration lawyers are currently investigating claims on behalf of Advanced Equities customers who invested in what reportedly was known as Bloom Energy, a Silicon Valley alternative energy company. On September 18, the Securities and Exchange Commission charged co-founders Keith G. Daubenspeck and Dwight O. Badger, a FINRA registered broker-dealer, and Advanced Equities Inc. in…