Stock Market Fraud Attorneys Blog

Representing Investors Nationwide

June 08, 2016

Today, the Financial Industry Regulatory Authority (FINRA) announced it has fined Oppenheimer & Co. Inc. $2.25 million and ordered the firm to pay restitution of more than $700,000.00 to retail clients that lost money on the purchases of leveraged, inverse and inverse-leveraged exchange-traded funds (non-traditional ETFs). FINRA alleged the sales were done without reasonable supervision and that the non-traditional ETFs that were not suitable for those customers.

In August 2009,... Read More

June 03, 2016

On June 1, nine industry and trade groups filed a lawsuit in Texas federal court challenging the Department of Labor’s (DOL) fiduciary rule, saying the department overstepped its authority in making the rule and that the new regulations will harm retirement savers.  The U.S. Chamber of Commerce, the Securities Industry and Financial Markets Association (SIFMA), the Financial Services Institute and five other national and local business groups filed the lawsuit, seeking an injunction to halt... Read More

May 23, 2016

Today, the 2nd Circuit Court of appeals Monday revived an antitrust lawsuit against sixteen giant banks, including  Citigroup, JPMorgan Chase and Bank of America, alleging  they conspired to rig the London Interbank Offered Rate better known as Libor.

The three-judge panel ruled that Manhattan U.S. District Judge Naomi Reice Buchwald was wrong when she dismissed the complaint against the banks on the grounds that the plaintiffs had failed to allege injury under antitrust law. The... Read More

May 11, 2016

Anyone who invests in the stock market has to expect to encounter losses from time to time. Investing is never a sure thing, and when a company fails to meet performance expectations, stock prices are bound to fall. However, there is also a potential for investors to suffer a loss dues to stock broker fraud or misconduct. If you have been the victim of stock broker fraud or misconduct, you need a qualified stock market attorney.

Types of Stock Broker Misconduct

There are a variety of... Read More

May 05, 2016

You may not know that many credit card and loan agreements these days have in the small type what's called a "mandatory arbitration clause." Most people don't even know what that means. But by signing the agreement (contract), customers agree not to sue the financial firm in a class action lawsuit. Instead, they agree to work out any problem with an arbitrator hired by the bank. That may soon may be a thing of the past.

"The company can sidestep the legal system, avoid accountability... Read More

May 03, 2016

MetLife insurance has been fined $20 million by the Financial Industry Regulatory Authority (FINRA), Wall Street's policing body for misleading customers in switching them from variable annuities contracts into more expensive ones. Today, FINRA said the decision was its largest fine related to variable annuities, popular yet complex investments that have grabbed the attention of regulators in recent years. FINRA has taken hundreds of disciplinary actions against brokers and investment firms... Read More

April 28, 2016

Unauthorized trading occurs when your broker buys or sells securities without your express permission. As such, if your broker has made a purchase or sale of securities that you did not okay, you may have an unauthorized trading claim. The best way to determine if you have cause to take legal action is through a one-on-one consultation with the stock fraud attorneys at Colling Gilbert Wright & Carter. Please call us at (407) 712-7300 to schedule your free consultation and learn more... Read More

April 27, 2016

Yesterday, the Financial Industry Regulatory Authority (FINRA) convinced a Maryland federal judge to toss a brokerage's challenge to the agency's enforcement powers on the grounds that FINRA's penny stock allegations against the brokerage belonged in the regulator's administrative proceeding, not federal court.

U.S. District Judge Deborah K. Chasanow largely agreed with FINRA and the U.S. Securities and Exchange Commission (SEC) when she dismissed the suit brought by Scottsdale... Read More

April 19, 2016

Shrunken Citigroup Illustrates a Trend in U.S. Banks.

By Nathaniel Popper and Michael Corkery NEW YORK TIMES

Citigroup became the nation's first megabank some two decades ago by expanding into new businesses while pushing to knock down barriers that limited its size. A much different Citigroup was evident on Friday as it reported its quarterly results. Business lines like subprime lending... Read More

April 09, 2016

A new study says there's a flaw in the process for selling new debt issued by companies.

By Tracy Alloway, Bloomberg News

The process of pricing and selling new corporate bonds has often been described as more art than science. But a new paper from London-based research firm Fideres Partners LLP suggests it may just be inaccurate. "Corporate bonds' price in the days after their issuance may hint to a systemic under pricing by major dealers," Fideres, which has previously... Read More