Articles Posted in Suitability

Many investors have suffered losses and received lowball offers on their Berhinger Harvard REIT I and Behringer Harvard Short-Term Opportunity Fund I investments. Investors facing this problem may be able to recover their losses with a securities arbitration lawyer. Statements made on the Behringer Harvard Holdings LLC website stated that unsolicited lowball offers have been…

Investors who suffered losses as a result of their broker’s recommendation of C-Tracks ETN Citi Volatility Index Total Return are seeking the help of investment attorneys in recovering those losses. Reportedly, a unique methodology has caused a severe decline in the Volatility ETFdb Category. The C-Tracks ETN Citi Volatility Index Total Return combines short exposure…

According to an upcoming issue of trade publication CFA Magazine, 1 in 10 Wall Street employees likely is a clinical psychopath. According to Sherree DeCovny, journalist and author of the story, “A financial psychopath can present as a perfect well-rounded job candidate, CEO, manager, co-worker, and team member because their destructive characteristics are practically invisible.”…

Investors of Chase Investment Services Corporation’s unit investment trusts and floating rate loan funds may be able to recover losses through securities arbitration. Chase Investment Services’ sales practices involving these securities are currently being investigated by investment attorneys. In a recent Financial Industry Regulatory Authority (FINRA) ruling, Chase Investment Services was ordered to reimburse customers…

Investors who suffered losses as a result of a Reef Oil and Gas partnership investment may be able to recover losses through securities arbitration. Investment attorneys are investigating potential claims on behalf of individuals who invested in Reef Oil and Gas partnerships based on the unsuitable recommendations of various broker-dealers. Reef Oil and Gas partnerships…

Investors of W.P. Carey REIT may be able to recover losses through securities arbitration, investment attorneys say. A recent Financial Industries Regulatory Authority (FINRA) announcement stated that it is paying close attention to the way REITs are being marketed and sold by broker-dealers. In many cases, brokers made unsuitable recommendations of REITs and marketed the…

Sometimes losing money in the stock market and yelling “Fraud!” is a little like smelling smoke and yelling “Fire!” Just as smelling smoke might only mean dinner’s burning, losing money doesn’t always mean stock broker fraud has occurred. It is important for investors to be able to tell the difference between losses resulting from fraud…

On February 9, 2012, ex-broker James Scott McKee was charged with aggravated theft in the first degree. As a result of his broker misconduct, McKee faces four charges of theft. In addition, a complaint has been filed against him with the Financial Industry Regulatory Authority (FINRA). McKee was formally affiliated with LPL Financial LLC, Morgan…

Securities fraud often goes undetected because investors either don’t understand or don’t closely inspect their account statements from their securities firm. On February 23, 2012, the Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called “It Pays to Understand Your Brokerage Account Statements and Trade Confirmations.” This Investor Alert is designed to help…

On January 31, 2012, the Financial Industry Regulatory Authority (FINRA) posted a letter on its website outlining its 2012 priorities for regulation and examination. According to the letter, “FINRA is informing its examination priorities against the economic environment that investors have faced since 2008, as these circumstances have steadily contributed to conditions that foster an…