Misrepresentations and Omissions

Representing Investors Nationwide

FS KKR Capital Corp II (NYSE: FSKR)

On June 18, 2020, FS KKR Capital Corp II (Symbol: FSKR) was listed on the New York Stock Exchange (NYSE)  and has dramatically declined since...and the stock going public was preceded by a 4:1 reverse split that cut the share holdings of investors in the Non-traded Business Development Companies (BDCs) FS Investment Corporation II, FS Investment Corporation III, FS I

UBS Ordered To Pay Largest FINRA Award To Date for Losses Associated with Puerto Rico Municipal Bonds and Bond Funds

This week, a Financial Industry Regulatory Authority (FINRA) panel ordered UBS Financial Services Inc. (UBS) to pay restitution of nearly $20 million dollars for losses associated with the recommendation and sale of Puerto Rico bonds and closed-end funds sold to a UBS customer and his associates. This is the largest amount tha

Colling Gilbert Wright & Carter Wins Arbitration Award on Behalf of Client Against SII Investments, Inc.

The securities arbitration lawyers at Colling Gilbert Wright & Carter are pleased to announce an award on behalf of their client against SII Investments, Inc. in the amount of $19,634.34 plus interest and arbitration fees.  The complaint was filed with The Financial Industry Regulatory Authority (FINRA) and alleged unsuitability; misrepresentations and omissions; violation of NASD/FINRA conduct rules; breach of con

Colling Gilbert Wright & Carter Wins Arbitration Award On Behalf of Client Against Well Fargo Advisors LLC

The securities arbitration lawyers at Colling Gilbert Wright & Carter are pleased to announce an award on behalf of their client against Well Fargo Advisors, LLC. in the amount of $66,000.00 plus arbitration fees.  The complaint was filed with The Financial Industry Regulatory Authority (FINRA) and involved a recommended over concentration in the Oppenheimer Rochester Pen

Misrepresentation in the Stock Market

You depend on your stockbroker for vital information about your investments. If your broker does not live up to a fair level of honesty and full disclosure, it may be considered misrepresentation or omission. Any false or intentionally misleading statement made by a stockbroker designed to influence or manipulate a client is a violation of law, as is the intentional withholding of information for the same purpose. 

Morgan Stanley Pays $3.2 billion to Resolve Subprime Mortage Related Claims

Yesterday, Morgan Stanley agreed to pay $3.2 billion to resolve claims that it misled investors about mortgage-backed securities before the financial crisis, according to New York state Attorney General Eric Schneiderman.

This is the most recent settlement by a banking giant related to the financial crisis, and ends government claims that Morgan Stanley misrepresented to investors the mortgages it packaged into mortgage backed securities including proprietary high-yield mutual funds, unit trusts and structured notes.

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