Congress voted to repeal Glass-Steagall and make it easier for banks, brokers and insurers to cross boundaries into each others business. The justification by legislators was to bring the banking laws up to date and make the US financial system competitive globally...as if it wasn't already. Given that banks and brokerages thrive on exploiting conflicts of interest, this will likely not end well for the consumer...which is usually the case in situations where law makers give Wall Street... Read More
Stock Market Fraud Attorneys Blog
Representing Investors Nationwide
UBS Financial Services of Puerto Rico and UBS Financial Services, as member firms of the Financial Industry Regulatory Authority (FINRA) are required to resolve all customer disputes through the securities arbitration process. The FINRA forum is in place to resolve disputes between Puerto Rico investors and UBS Puerto Rico and UBS concerning the sale of their proprietary UBS Puerto Rico Family of Funds and Puerto Rico Municipal Bonds.... Read More
The Internet is as much a part of our lives as the car we drive to work every day. In using it for business, paying bills, communication, and entertainment the Internet is an indispensable tool that helps us in many ways. Because of that, online investing has grown exponentially in recent years, unfortunately, so too has online investment fraud.
The Internet is an amazing resource for investors as it allows you to research investment opportunities across a variety of industries and... Read More
Over the past 30 days, additional bonds issued by the Puerto Rico government have defaulted resulting in lower closed-end bond prices and lessened liquidity. Our firm currently represents bond fund investors who hold funds issued by UBS, Oriental Financial Services Corp., Santander Bank and Banco Popular.
Please contact us at (800) 766-1000 or through this link for a free case evaluation. Thank you.
The Public Investors Arbitration Bar Association (PIABA), a group of lawyers that represents retail investors who sue brokerage firms, in a new report Wednesday morning took aim at perceived conflicts of interests at the board of governors of the Financial Industry Regulatory Authority Inc. (FINRA)
The report claims that many so-called "public governors" on Finra's 24-person board have connections to Wall Street, serve on too many corporate boards to represent the public effectively... Read More
Jay Costa Kelter, formerly known as Ignatius J. Costa, III, 48, was indicted yesterday by a federal grand jury on five counts of wire fraud, 16 counts of mail fraud, and one count of securities fraud, announced U.S. Attorney Don Cochran of the Middle District of Tennessee.
The indictment alleges that Kelter, who was affiliated with a Florida-based insurance and investment company,... Read More
Morgan Stanley has decided to to leave an industry agreement known as the protocol for broker recruiting. The move is seen as an indication that the firm is working harder than ever to prevent its brokers from jumping ship.. One reason for that perspective is that Morgan Stanley managers were told on Monday morning that new employment agreements may include a one-year non-solicit agreement.
Under such an agreement, Morgan Stanley brokers moving to a new firm would be forbidden for 12... Read More
When it comes to your hard-earned money it’s important to make sure that you invest it wisely and safely. Unfortunately, there are always schemes and scams trying to take that money away from you under the guise of opportunities to increase your wealth. At the law firm of Colling Gilbert Wright & Carter, our experienced stockbroker fraud attorneys are here to help you in your time of need if you’ve been the victim of investment fraud.
Stockbroker and investment fraud can come in... Read More
When you entrust your money with a stockbroker you expect a high level of professionalism, honesty, and trust. After all, you’re taking finances you’ve worked hard to accumulate and placing it in the hands of an individual whose job is to manage it on your behalf. But what happens when a stockbroker acts negligently or purposefully engages in misconduct with your money?
At Colling Gilbert Wright & Carter, our stockbroker fraud attorneys have over 80 years of collective... Read More