Stock Market Fraud Attorneys Blog
Representing Investors Nationwide
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 Investment Coronation IV and Corporate Capital Trust II by approximately seventy-five percent(75%).
DPP's and other non-... Read More
A record $74 billion flowed into taxable bond funds in May and was the primary force behind the second straight month of positive flows into mutual funds and exchange-traded funds. According to Morningstar, long-term mutual funds and ETFs, which excludes money market funds, experienced $33 billion in net inflows last month, in stark contrast to March’s record $326 billion in net outflows. The reduced market volatility in May also reduced flows into money market funds. But money market funds... Read More
On March 12, 2020, the Florida Office of Financial Regulation (OFR) provided guidance to Florida's securities professionals regarding the novel coronavirus disease 2019 (COVID-19). In the proclamation, Russell Wiegel, Commissioner of the OFR, authorized suspension of the filing requirements of branch office locations of dealers, issuers/dealers, and investment advisors in the areas impacted by COVID-19. It provides that where conditions require a dealer, issuer/dealer, or investment... Read More
It's times like this when you find out if your advisor has properly invested your money and that your account is being managed consistent with your stated goals and objectives. Please contact us if you would like a complimentary case evaluation. Thank you!
While some losses are expected, there are brokers and investment firms who purposely mislead or cheat their clients. These “white collar” crimes have significant consequences for victims, and our attorneys work aggressively to hold the responsible party liable. Keep in mind that many brokerage firms have you sign an agreement when they take you on as a client, which may legally bind you to an arbitration clause.
Some of the circumstances in which you may sue for securities... Read More
The Financial Industry Regulatory Authority (FINRA) has ordered Oppenheimer & Co. Inc. to pay more than $3.8 million in restitution to customers who incurred “potentially excessive sales charges” caused by early rollovers of unit investment trusts (UITs). The securities regulator also fined the firm $800,000 for failing to reasonably supervise the early UIT rollovers.
According to FINRA, since UITs offer investors a stake in a fixed portfolio of securities that terminates on a... Read More
Newbridge Securities Corporation, Boca Raton, Florida) and registered representative Bruce Howard Jordan were subject of an Acceptance Waiver & Consent (AWC) wherein they were censured, fined $225,000 and required to retain an independent consultant to conduct a comprehensive review... Read More
Unauthorized trading involves the sale or purchase of stocks without your expressed consent before the trade. A stockbroker must obtain prior authorization for trades he or she makes on your account unless they have discretionary or “de facto” trading authority to do so without your explicit permission, or it’s a margin account. A margin account is when the broker lends you the amount to buy stocks or other products.
Some brokers may complete a trade transaction first and then notify... Read More