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Article Archive
- Equity Index Annuity Insurers are Facing More Lawsuits
Equity Indexed Annuities are sued again, bad for seniors and retirement accounts, who regulates.
- Some Ask for SEC to Reconsider Mandatory Arbitration
Senators Feingold and Leahy, now in the majority, wrote a letter to Christopher Cox, head of the SEC, asking that the SEC end mandatory arbitration of brokerage disputes. The SEC has yet to respond, but you can be sure that the brokerage industry and its lobbyists are already working hard to preserve the arbitration system that is stacked in their favor.
- Stock Tip: Check Status of ExchangePublicly traded Nasdaq may be liable for fraud
NYSE stock broker wrongdoing, misconduct accounting fraud liability retirement losses, 401k, 401(k) losses, fraud
- How To Prevail In A Suitablity Case
Many investors fear that no one will believe them when they claim that the broker ignored their wishes and invested their money far too aggressively. The credible testimony of the investor about thier risk tolerance is often the key to success.
- Crowell Weedon Fined for Failing to Comply with NASD Rules
Crowell, Weedon & Co. (CRD #193, Los Angeles, California) submitted a Letter of Acceptance, Waiver, and Consent in which the firm was censured, fined $10,000, and required to submit revised written supervisory procedures with respect to compliance with the firm quote rule to the NASD.
- Jefferies & Co. Pays Roughly $10 Million Settlement
While unnamed in the Fidelity release, one of the brokerage firms in question is widely believed to be Jeffries & Co., which agreed earlier this month to pay roughly $10 million to settle a similar gift-giving probe launched by the Securities and Exchange Commission and National Association of Securities Dealers.
- Wedbush Morgan pays $ 3.8 million in NASD Arbitration
In May 2006, an NASD arbitration panel in Los Angeles, CA ordered Wedbush to pay 22 clients of its Newport Beach branch and their attorneys $3.8 million. Wedbush sold Claimants lower tranche manufactured housing CMOs as good substitutes for bank CDs, suitable for “widows and orphans.”
- NASD Still Trying to Get Enough Warnings Out on Variable Annuities
NASD still trying to get enough warnings out about the sale of Variable Annuities, especially to seniors and people with retirement funds, in the wake of multi-million dollar arbitration results for devasting losses in retirement accounts.
- NASD Hearing Panel Sanctions Former Knight Securities Executives
NASD disciplines securities executive
- NASD Issues Warning on Margin Loans
NASD margin loans, stockbroker abuses, risk in risking borrowed money
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