“Credit Suisse has asked a New York federal judge to permanently toss a proposed class action alleging it caused retail investors substantial losses in delisting a popular exchange-traded note, arguing the investment banking company put out adequate warnings…
Securities Fraud
Georgia Ruling Found Wells Fargo and FINRA in Cahoots, Tainting the Arbitration Panel Selection Process; Wronged Investors Demand Answers from FINRA WASHINGTON, DC – February 2, 2022 – Last week, the Superior Court of Fulton County, GA found…
“November 30, 2020 – ORANGE, Calif. — Former insurance agent Brian Fredric Sauls, 48, of Santa Ana, was arrested on 13 felony counts of securities violations, theft from an elder, and residential burglary after california department of insurance…
On November 12, the Public Investors Advocate Bar Association (PIABA), sent a letter to Ms. Vanessa A. Countryman, Secretary of the Securities and Exchanges Commission (SEC), to oppose the Proposed Exemptive Order Granting Conditional Exemption from the Broker…
The Obama administration’s efforts to require firms to truly work in the interests of investors has already given people better choices, a new study says. “A battle over exactly how investors should be treated when they get financial…
Written testimony from Joseph Peiffer, Managing Shareholder of Peiffer Wolf and Past Board President of PIABA, appearing before the U.S. Department of Labor, Employee Benefits Security Administration at the hearing on Improving Investment Advice for Workers and Retirees…
“New streamlined SEC disclosure meant to aid investors often leaves them in the dark In July, millions of American investors received a new government-mandated form from their financial planners that required advisers to disclose past misdeeds. But hundreds…
Reg BI | Law 360 | June 5, 2020 “Law360 (June 5, 2020, 7:17 PM EDT) — With the compliance deadline for the U.S. Securities and Exchange Commission’s Regulation Best Interest fast approaching on June 30, broker-dealers and those…
“Paying the Price for Killing a Real Fiduciary Rule”: Risky, High-Commission Investment Schemes Already Being Promoted to Unwary Investors Hit With Major Portfolio Losses; How to Spot and Avoid Four Types of the Worst Investment Situations. NEW…
Investments | The New York Times | Tara Siegel Bernard | March 13, 2020 Investments: Fixed-index annuities are often pushed as a panacea to plunging markets “As markets plunge, investors are likely to see more pitches from annuity…