Posts Tagged stockbroker fraud lawyer
Stockbroker Fraud Post – Brokers Back Away From Alternative Investments
Posted by admin in Fraud Recovery on May 17, 2013
Many of stockbroker fraud cases we see involve alternative investments – Real Estate Investment Trusts (REITs), Tenants in Common investments (TICs), private placements and exotic derivatives. In our experience, these investments are more prone to fraud and have problems because they are often thinly traded. Just 20 years ago, the types of investments commonly available [...]
FINRA Issues Warning On Nontraded REITs – Stockbroker Fraud Post
Posted by admin in Fraud Recovery on May 3, 2013
by Brian Mahany We have written several times about the dangers of nontraded or thinly traded REITs. They are a popular way of investing in real estate but they can be difficult to sell or liquidate if an investor suddenly needs cash. There are other potential pitfalls as well. This week the Financial Industry Regulatory [...]
Success Trades Securities In Trouble? FINRA Says Yes (stockbroker fraud post)
Posted by admin in Fraud Recovery on April 14, 2013
by Brian Mahany Success Trades Securities has a great name. They also have the financial backing of many NFL and NBA players. Regulators say that some of these players invested in the company in exchange for a promised rate of return between 12 and 26%. Banking news source bank rate.com says the average interest rate [...]
Massachusetts To Check Criminal Records Of Stockbrokers
Posted by admin in Fraud Recovery on March 26, 2013
by Brian Mahany Now that’s a novel idea… check the criminal record of people seeking jobs as stockbrokers. The Massachusetts Securities Division is proposing to require applicants seeking to be licensed as stockbrokers and investment advisers to consent to a criminal background check. While the idea isn’t foolproof, its a good plan. Federal and state [...]
Stockbrokers Dont Want To Air Dirty Laundry – Stockbroker Fraud Post
Posted by admin in Fraud Recovery on March 24, 2013
by Brian Mahany We are firm believers in full and complete disclosure. Americans are smart enough to understand that not every complaint against a stockbroker is legitimate. Many complaints are unfounded or frivolous. But as customers and clients, we should have the right to know if other complaints are pending against a broker. Under a [...]
Zombie Stockbrokers – Land of the Living Dead – Stockbroker Fraud Post
Posted by admin in Fraud Recovery on March 12, 2013
by Brian Mahany Zombie horror is quite the rage these days in the entertainment industry. Movies, TV shows… even my local Barnes & Noble retailer has an entire section of books devoted to the living dead. While the zombies in the entertainment industry are imaginary, debarred stockbrokers and investment advisers really do come back from [...]
“Should I Stay or Should I Go” – FINRA’s New Suitability Rules (Stockbroker Fraud)
Posted by admin in Fraud Recovery on March 12, 2013
by Brian Mahany “One day is fine, next is black So if you want me off your back Well come on and let me know Should I stay or should I go? … If If I go there will be trouble An if I stay it will be double… Should I stay or should I go…” [...]
John Thomas Financial Under Watch – Again! (Stockbroker Fraud Post)
Posted by admin in Fraud Recovery on March 8, 2013
by Brian Mahany From the outside, John Thomas Financial appears to be a pretty respectable place. It’s main office is located at 14 Wall Street, a high rent building across the street from the New York Stock Exchange. It’s president, Anastasios ”Tommy” Belesis, has been seen with former New York Mayor (and U.S. Attorney) Rudolph Guiliani. There [...]
Merrill Lynch Loses Appeal of FINRA decision – stockbroker fraud post
Posted by admin in Fraud Recovery on February 6, 2013
by Brian Mahany Chalk up another victory for the good guys. Over a year ago, we were quite excited when an arbitration panel for the Financial Industry Regulatory Authority – FINRA – issued a $64 million decision against Bank of America subsidiary Merrill Lynch Professional Clearing Corp. The euphoria was short lived as ML immediately appealed [...]
Elderly Clients Kidnap, Beat Broker
Posted by admin in Fraud Recovery on May 29, 2012
by Brian Mahany Last night all the news here in Miami was how a homeless person apparently drugged out of his mind on LSD became a cannibal and ate the face of another man. (The victim remains in critical condition.) Just when we think we have heard it all, something crazy happens. Today’s interesting story [...]
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