Stock fraud lawyers are seeking clients that have been the victim of stock broker fraud through the use of self-directed IRAs. Self-directed IRAs are held by a custodian or trustee and allow for investment in a broader set of assets than traditional IRAs. The custodial processes associated with self-directed IRAs gives investors a sense of…
Continue reading ›Allegations have been made that Pacific Biosciences of California Inc. (PacBio), as well as some of its officers and directors, knowingly or recklessly failed to disclose information and/or made materially misleading statements. These statements, along with the alleged failure to disclose information, would be in violation of the Securities Exchange Act of 1934 and, as…
Continue reading ›Investment attorneys are encouraging individuals who invested with Lloyds Banking Group related to the class action lawsuit filed on November 23, 2011, to explore all possible loss recovery options. The class action lawsuit was filed in the United States District Court of the Southern District of New York and applies to the class period running…
Continue reading ›On December 27, 2011, the Financial Industry Regulatory Authority (FINRA) announced its securities arbitration decision to fine USA-based Credit Suisse Securities LLC $1.75 million. The fine is a result of Credit Suisse’s failure to properly mark sale orders and supervise short sales. These violations resulted in millions of short sales orders that were conducted “without…
Continue reading ›A major concern in the investment industry is that investors should be, but often are not, provided with sufficient and accurate information on their investments which will allow them to make informed investment decisions. A recent Financial Industry Regulatory Authority (FINRA) securities arbitration case resulted in Barclays Capital Inc. being fined for failure to adequately…
Continue reading ›A recent securities arbitration proceeding regarding Weyerhaeuser stock has investors seeking representation for potential claims. According to the recent claim, which was filed with the Financial Industry Regulatory Authority, a retiree who held a concentrated position in Weyerhaeuser stock sustained $200,000 in damages. The claimant inherited the stock upon the passing of his mother; he…
Continue reading ›Investment attorneys are interested in speaking with clients of William Tatro in connection with investment losses they suffered under his advisement. Complaints have been registered against Tatro stating that he recommended to his clients unsuitable, illiquid, high commission investments. These investments had a higher degree of risk than many clients would have accepted, and in…
Continue reading ›Three actions have been filed against a trio of Massachusetts investment advisers, accusing them of having defrauded investors resulting in the loss of millions. Though investment advisers are held to standards that are more strict than that of broker-dealers, investment attorneys would like to remind investors that they are by no means safe from fraud,…
Continue reading ›One troublesome form of stock broker misconduct involves the use of celebrity status in order to gain the trust and secure the business of investors. One major problem with this type of scam is that many investors don’t want to admit that they made an investment decision based on the celebrity status of the spokesperson.…
Continue reading ›On December 14, 2011, a class action lawsuit was filed against Bank of New York Mellon Corporation, also known as BNY Mellon, in the United States District Court of the Southern District of New York. The lawsuit was filed for the class period of February 28, 2008, to August 11, 2011. Investment attorneys are encouraging…
Continue reading ›
