On June 15, coinciding with World Elder Abuse Awareness Day, the Consumer Financial Protection Bureau (CFPB) announced that it would be launching a public inquiry regarding the financial exploitation of elder Americans. The CFPB is a new agency that will be policing consumer financial products, and investment fraud lawyers applaud…
According to a recent announcement by the Financial Industry Regulatory Authority (FINRA), the regulator has launched a new pilot program. Securities arbitration lawyers say this program is designed specifically for large arbitration cases, or those cases involving claims of $10 million or more. Under the terms of the program, parties…
Stock fraud lawyers are currently investigating claims on behalf of investors who suffered losses as a result of their investment with Bruce Harada, a former financial advisor for ING Financial Partners/ING Financial Advisors LLC. Reportedly, Harada has been charged with one count of money laundering and two counts of securities…
Investment fraud lawyers are currently filing claims on behalf of investors who suffered significant losses as a result of their investment in Desert Capital REIT. Recently, a claim was filed on behalf of two individuals. Both of these investors were retirees, ages 81 and 88. The claim, which is seeking…
Stock fraud lawyers are currently investigating potential claims on behalf of customers who suffered losses as a result in their investment in a Deutsche Bank-created structured product or products. In some cases, Financial Industry Regulatory Authority-registered brokerage firms may be held liable for having improperly sold structured products to their…
Investment fraud lawyers are currently investigating potential claims on behalf of customers of Gurudeo “Buddy” Persaud, an Orlando, Florida broker. A recent announcement by the Securities and Exchange Commission stated that the SEC has charged Persaud with defrauding investors. Allegedly, Persaud’s fraud involved the use of an investment strategy based…
Investment fraud lawyers are currently investigating potential claims on behalf of investors who suffered losses as a result of a breach of fiduciary duty related to their retirement accounts. Cofounder and director of Results One Financial LLC, Steven Salutric, was recently ordered to restore $1,211,902.25 to clients who held pension…
Investment fraud lawyers currently are investigating potential claims on behalf of investors who suffered significant losses as a result of their investment in a Mountain V Oil and Gas investment, or other similar investments. In many cases, broker-dealers improperly recommended these risky investments to clients for whom the investment was…
Potential claims are currently being investigated by securities fraud attorneys on behalf of Benjamin Daniel DeHaan customers. The Securities and Exchange Commission filed a civil action on June 9, 2012, against Lighthouse Financial Partners LLC and Benjamin Daniel DeHaan in the United States District Court for the Northern District of…
Stock fraud lawyers are investigating potential claims on behalf of investors of Securities America who may have suffered significant losses as a result of life insurance investment twisting and churning. Investment fraud lawyers say churning is a common problem in the securities industry. According to the S.E.C., “Churning refers to…