Stock Market Fraud Attorneys Blog

Representing Investors Nationwide

January 08, 2020

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

January 08, 2020

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

November 04, 2019

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

October 10, 2019

The Federal Reserve is expected this week to make the most significant changes to banking... Read More

August 05, 2019

A civil lawsuit becomes a class action lawsuit when there is a large group of individuals pursuing similar claims due to damage or injury caused by the defendant. Some of the recent well-known cases include the Wells Fargo class action lawsuit that settled for $575 million or the lawsuit against Monsanto Roundup Weed Killer. These claims often involve pharmaceutical companies, financial institutions, hazardous products, and other types of injury claims.

When a lawsuit is certified as... Read More

August 02, 2019

One of GPB Capital Holdings' business partners is suing the issuer of high-risk private placements, claiming the firm engaged in "serious financial misconduct" and tried to push him out after the partner complained to the Securities and Exchange Commission (SEC), according to a recent report. Since 2013, GPB has raised $1.8 billion from investors through registered representatives at independent  Financial Industry Regulatory Authority (FINRA) broker-dealers. GPB's investment strategy is to... Read More

May 10, 2019

Many investors think they can avoid stock market fraud by purchasing mutual funds instead, but it’s essential to understand the reasoning behind your broker’s advice for one mutual fund over the other. Mutual funds pool monies from investors to purchase stocks and other assets including bonds. Owning a diversified mutual fund is ideal and less risky than having a stake in a single stock or multiple stocks in one industry. However, no area of investment is perfect and risk-free. Brokers,... Read More

May 07, 2019

A recent Wealth Management article details how UBS clients who were invested in a leveraged, esoteric options strategy described as a “conservative” and “low risk” way to get extra yield from their portfolios were shell... Read More

April 09, 2019

According to the Senate Special Committee on Aging, senior citizens are common targets of fraud and financial abuse, with a combined estimated annual loss of $2.9 billion. The Florida House of Representatives is taking steps to... Read More

January 31, 2019

If you’ve seen “The Wolf of Wall Street” or followed the Bernie Madoff Ponzi Scheme, you may have an idea of what stockbroker or investment fraud looks like. In reality, most stockbrokers are honest, hardworking people doing their best to help you grow your money. Sometimes, though, you may find yourself in a situation where something feels off about your broker’s actions. These three warning signs can help you detect stockbroker fraud and protect your assets.

1. Your Stockbroker... Read More