This post summarizes recent enforcement actions against stockbrokers. You may be able to recover your money if you suffered losses as a result of investment fraud, unregistered offerings of securities, excessive trades, unauthorized trades, bad investment advice (suitability rules), or broker misconduct. Kevin Cline, Robert Burr, Vincent Christopher & Thomas Gilleland – Source Capital Group Kevin […]
Cockroaching – New Trend in Investment Fraud Cases
“Cockroaching” – I must admit until I picked up today’s Wall Street Journal, I wasn’t familiar with term. Although the term was new to me, the underlying practice is unfortunately well known in the world of investment fraud lawyers. Cockroaching refers to the practice of stockbrokers jumping from one troubled brokerage firm to another. The […]
SEC's New Approach to Enforcement
by Brian Mahany It’s easy to pick on the SEC… just think Madoff and all the times that the agency failed to heed warning signs and whistleblowers in that case. Since then, the SEC has rolled out a powerful whistleblower cash award program and has initiated dozens of new enforcement actions. While we still criticize […]
God’s Unanswered Prayers – Wall Street Style
There is a popular country song by Garth Brooks suggesting that we should thank God for the prayers he doesn’t answer. Evidently a securities arbitrator had the same idea when deciding a case filed by investor Fred Holczer against Wells Fargo Investments. Holczer asked his Wells Fargo stockbroker to invest $207,000 of his 401(k) money […]