Posts tagged Securities Arbitration

• Madoff’s Accountant Pleads Guilty, Faces Maximum 114 Years in Prison

  Paul Napoli | November 08, 2009 10:47 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  November 7, 2009 A Department of Justice Press Release earlier this week announced that David G. Friehling, accountant for Bernard L. Madoff Investment Securities, LLC, plead guilty in Manhattan...

• New Jersey and Florida Haitian Americans Targeted in $14 Million Ponzi Scheme

  Paul Napoli | October 19, 2009 11:41 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  October 17, 2009 The Securities and Exchange Commission (SEC) filed a civil injunctive action yesterday against HomePals Investment Club, LLC (HPIC) and HomePals, LLC and their principals, Ronnie...

• Charles Schwab YieldPlus Investors: Last Chance to Individually Enforce Your Rights.

  Oguz Ozdemir | October 05, 2009 3:15 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  The Schwab YieldPlus Fund Select Shares (SWYSX) and the Schwab YieldPlus Investor Shares (SWYPX) have been the subject of numerous arbitration claims across the United States. Investors sustained...

• Maximum Financial Investment Group Inc.

  Oguz Ozdemir | September 02, 2009 12:01 AM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  On August 21, 2009, the Financial Industry Regulatory Authority (FINRA) expelled an investment company out of Southfield, Michigan. Maximum Financial Investment Group, Inc. was sited for numerous...

• Maximum Financial Investment Group Inc. Expelled by FINRA

  Oguz Ozdemir | September 01, 2009 11:58 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  An investment company and its CEO have been cited by the Financial Industry Regulatory Authority (FINRA) for repeatedly violating registration and rules that had to do with their foray into forex...

• Ameritus Investment Corp. Fined $100,000 and Broker, $60,000 for Misleading Customers

  Oguz Ozdemir | September 01, 2009 11:56 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  Recently the Financial Industry Regulatory Authority (FINRA) cited and fined Ameritus Investment Corp. $100,000 for its part in a misleading financial plan that was delivered by one of its own...

• Ameritus Investment Corporation Fined $100,000 by FINRA

  Oguz Ozdemir | September 01, 2009 11:22 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  FINRA, the Financial Industry Regulatory Authority, recently fined Ameritus Investment Corp. the sum of $100,000 for encouraging customers to purchase variable universal life insurance policies...

• J.P. Turner Fined $250,000 for Unreasonable Commissions on Stock Trades

  Oguz Ozdemir | September 01, 2009 11:19 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  Recently J.P. Turner & Company was fined $250,000 by the Financial Industry Regulatory Authority (FINRA) for failing to have a structured and supervised procedure for determining commission...

• FINRA Charges J.P. Turner & Company for Unfair Commissions

  Oguz Ozdemir | September 01, 2009 11:17 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  In early July, 2009, the Financial Industry Regulatory Authority (FINRA) fined Atlanta firm J.P. Turner & Company $250,000 for not having a regulated system in place with regards to...

• Securities Arbitration on the Rise

  Oguz Ozdemir | September 01, 2009 11:15 PM | 0 CommentsNew York City, NY Category: Miscellaneous
  

  It is really no surprise that the Financial Regulatory Authority, or FINRA, has seen arbitration cases rise dramatically in the past few years. FINRA is the watch dog for over 5,000 financial...