Stock Market Fraud Attorneys Blog

Representing Investors Nationwide

December 08, 2017

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. 

 

November 16, 2017

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

November 13, 2017

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

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November 02, 2017

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

October 31, 2017

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

August 29, 2017

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

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July 31, 2017

Investment fraud and all forms of financial fraud can severely impact your finances and has left some without a house to call home. You may think fraud can’t happen to you, but you just might be the victim they’re targeting. According to The American Psychological Association, the average person who gets scammed in investment fraud is an educated, white man in his 40s or 50s who’s under pressure financially.

Many middle-aged men worry about the cost of tuition for their children or... Read More

July 18, 2017

An article published yesterday (July 17, 2017) in InvestmentNews, reveals two House panels are poised to launch assaults on the Labor Department's fiduciary rule. One is a vote on a bill to kill Labor's rule and replace it with a disclosure-based best-interest standard, while another will take up legislation to prevent funding for enforcement of the regulation.  As it usually plays out, if successful, Wall Street wins and individual investors again lose. Gone will be the newly enacted ... Read More

July 07, 2017

The securities fraud attorneys at Colling Gilbert Wright & Carter are currently investigating former VSR Financial Services, Inc. ("VSR") registered representative Paul C. Larsen ("Mr. Larsen"), most recently from Naples, Florida.  According to FINRA BrokerCheck, Mr. Larsen has at least sixteen customer complaints (all recorded between 2011 and 2016) and was terminated by VSR in September 2010.  Many of the customer complaints involve alternative investments includingdirect private... Read More

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