Investment Fraud Lawyer Blog

News stories and congressional inquiries into financial scams perpetrated by Madoff, Stanford and others have shined a light on the problem of lax enforcement of securities laws and rules by regulators. Recent trends suggest that arbitrators, however, are increasingly cognizant of their importance in the process of requiring financial firms to comply with applicable securities laws and rules, and protecting victims of firms that do not comply.

Continue reading " Arbitrators Have an Important Role in Keeping the Financial Markets Honest " »

There have been various developments over the past several weeks which investors may consider relevant in allocating their resources or evaluating alternatives that are available to them. Some of the more significant developments include, but are not limited to, the following:

• The Dow Jones Industrial Average opened the week at 7278 and, on Monday, soared 497 points.

• On Tuesday, the Dow Jones Industrial Average fell 116 points.

• On Wednesday, the Dow Jones Industrial Average rose 90 points.

• On Thursday, the Dow Jones Industrial Average jumped 175 points.

• On Friday, the Dow Jones Industrial Average fell 148 points and closed the week at 7776.

Continue reading " Page Perry's Market Monitor - March 27, 2009 " »

The recent period of deregulation, lax enforcement and restrictions on investor and shareholder legal rights has facilitated a dramatic increase in fraudulent conduct and undermined our entire free market system.

Criminal investigations of Wall Street have soared in recent months and continue to increase, according to articles by Terry Frieden of CNNMoney.com and Brent Kendall of the Wall Street Journal. Those articles report that the FBI has 566 open corporate fraud investigations, including 43 investigations involving Wall Street and “matters directly related to the current financial crisis.” The FBI opened 36 new corporate fraud investigations in recent weeks.

Continue reading " Criminal Investigations into Financial Fraud - "Window Dressing" or a Serious Trend? " »

The New Jersey state pension fund sued top executives and board members of Lehman Brothers for misrepresentations leading to over $118 million losses due to investments in Lehman Brothers. This pension fund provides benefits to approximately 700,000 current and former employees. According to Terrence Dopp’s article published on Bloomberg, the suit is seeking compensatory and punitive damages for violations of state and federal securities laws, negligent misrepresentation, breach of fiduciary duty, fraud, and aiding and abetting.

Continue reading " State Pension Fund Sues Lehman Executives " »

There have been various developments over the past several weeks which investors may consider relevant in allocating their resources or evaluating alternatives that are available to them. Some of the more significant developments include, but are not limited to, the following:

• The Dow Jones Industrial Average opened the week at 7224 and, on Monday, fell 7 points.

• On Tuesday, the Dow Jones Industrial Average jumped 179 points.

• On Wednesday, the Dow Jones Industrial Average rose 91 points.

• On Thursday, the Dow Jones Industrial Average dropped 86 points.

• On Friday, the Dow Jones Industrial Average fell 122 points and closed the week at 7278.

Continue reading " Page Perry's Market Monitor - March 20, 2009 " »

A Birmingham, Alabama FINRA arbitration panel recently awarded $187,000 to a retired cattle farmer from York, Alabama for losses suffered as a result of misconduct associated with the sale of Morgan Keegan bond funds. At issue were the representations and disclosures made in selling seven former Regions Morgan Keegan bond funds that have lost 90 percent of their value since mid-2007.

Continue reading " Arbitration Panel Compensates Investor for Losses Sustained in Morgan Keegan Bond Funds " »

Wells Fargo and its newly acquired affiliate, Wachovia Securities, continue to face a mountain of regulatory problems associated with their marketing and sale of auction-rate securities.

Continue reading " Wells Fargo's Auction-Rate Securities Problems Mount " »

There have been various developments over the past several weeks which investors may consider relevant in allocating their resources or evaluating alternatives that are available to them. Some of the more significant developments include, but are not limited to, the following:

• The Dow Jones Industrial Average opened the week at 7063 and, on Monday, plummeted 300 points. This marked the Dow’s lowest closing since April, 1997.

• On Tuesday, the Dow Jones Industrial Average fell 38 more points.

• On Wednesday, the Dow Jones Industrial Average rose 150 points.

• On Thursday, the Dow Jones Industrial Average plunged 281 points.

• On Friday, the Dow Jones Industrial Average rose 33 points and closed the week at 6627.

Continue reading " Page Perry's Market Monitor - March 6, 2009 " »

There have been various developments over the past several weeks which investors may consider relevant in allocating their resources or evaluating alternatives that are available to them. Some of the more significant developments include, but are not limited to, the following:

• The Dow Jones Industrial Average opened the week at 7366 and, on Monday, plummeted 251 points. This marked the Dow’s lowest closing since 1997.

• On Tuesday, the Dow Jones Industrial Average rebounded 236 points.

• On Wednesday, the Dow Jones Industrial Average drops points.

• On Thursday, the Dow Jones Industrial Average fell 89 points.

• On Friday, the Dow Jones Industrial Average lost 119 points and closed the week at 7063.

Continue reading " Page Perry's Market Monitor - February 27, 2009 " »