Every year brokers are sued on frivolous or blatantly false claims. At FINRA there is a process called an expungement hearing to have false claims erased or expunged from your record. Recently, in Hawaii a broker went through such a hearing and the Arbitrator ruled that the customer’s claim was indeed false so the broker …
Brokers Beware: If You Are the Target of a False Claim We Can Help You Read More »
A recent FINRA Award serves as a warning to brokerages and brokers that they must timely process customer paperwork. The broker for Stifel, Nicolaus & Co. failed to timely change the customer’s beneficiary on an annuity. The customer hired a securities arbitration attorney and filed a claim for damages of $100,000. After a four-day arbitration …
Customer Wins FINRA Case Against Stifel Nicolaus & Co. And Its Investment Broker Read More »
In a case against Charles Schwab & Co., Inc. the customer won a securities arbitration in Hawaii only 10 months after filing his claim. After a three day arbitration conducted in Honolulu the Panel awarded $45,000 to the customer who alleged investment misrepresentation and violations of Hawaii investment law. See Case Number 09-03470. Charles Schwab …
At FINRA Justice Can Be Swift – Customer Wins 10 Months After Filing His Case Read More »
Public FINRA records indicate there are numerous brokers who face customer complaints and/or regulatory investigations. Currently Thomas Law Group is seeking to hear from Investors who had their accounts entrusted to Russell G. Cappelen Jr. (CRD# 1261781) at UBS Financial Services, Inc. According to FINRA broker check, Russell Cappelen may have ignored customer’s circumstances and …
Do you believe an investment broker mismanaged your money? Read More »
If you were a Fidelity Investments broker who was forced to resign due to the Acclaris/ WageWorks Computer Equipment Purchase Assistance Program or Fitness Reimbursement Program which resulted in a Form U5 disclosure – contact us today. You will receive or have already received an inquiry letter from FINRA regarding your participation in these Programs. …
Brokers: problems with FINRA inquiry after leaving Fidelity Investments? Read More »
The investors who put their faith into advisers recommending the purchase of various oil and gas companies are now finding themselves in a financial slump. Financial Industry Regulatory Authority (FINRA) is seeing the surge of claims filed by investors who have lost their life savings in unsuitable oil and gas investments. Often brokers instead of …
First, oil prices have been going down since the summer of 2015 due to reduced global demand as well as oversupply; then the concerns over the Chinese economic slowdown shook markets all over the world. Since that time oil prices have been steadily falling. According to U.S. Bank Wealth Management strategist Rob Hayworth: “Oil and …
Despite the fact that Republicans were critical of the the Dodd-Frank Act during the Tuesdays’ GOP debate, it does not mean big banks can sigh with relief. On the contrary, Republican candidates believe that the law is too friendly toward the big banks and instead it should focus on protecting consumers. According to the Wall …
More Regulations For Big Banks or Wall Street tax? Read More »
Exchange Traded Funds (ETFs) are going to be “looked into” due to the recent market sell off. Security and Exchange Commission will closely examine rules and regulations affecting the ETFs. “We’re going to have tons of data to look at; data about the ETFs, data about the performance of Rule 48” said SEC Commissioner, Dan …
Despite the market woes and persistent fears over the Chinese yuan affecting global markets, many analysts still expect the U.S. economy to expand at a slow but steady 2.5% annual rate. Consumers are increasing their spending and the unemployment is at its lowest since 2008. According to Wall Street Journal, “growth stocks—shares of companies that …
Although global growth estimate is cut, U.S. economy pegged at slow but steady grow. Read More »
