http://www.investmentfraudlawyerblog.com/ Published by Page Perry, LLC en-us 2010-03-10T15:47:01-05:00 http://www.investmentfraudlawyerblog.com/2010/03/government_watchdog_calls_for.html On February 23, 2010, the Project On Government Oversight sent a letter to Congressional committee members charged with financial oversight urging them not to trust or rely on the Financial Industry Regulatory Authority (FINRA) to police the brokerage industry. See... Page Perry LLC 2010-03-10T15:47:01-05:00 http://www.investmentfraudlawyerblog.com/2010/03/reverse_convertible_notes_and.html Sales of poorly understood, non-conventional investments tend to increase in low-yield environments like the present. Reverse convertible notes are an example of this dangerous trend, says Jeff Benjamin in his recent InvestmentNews article, “Reverse convertible notes warrant sales scrutiny.”... Page Perry LLC 2010-03-10T12:59:16-05:00 http://www.investmentfraudlawyerblog.com/2010/03/hidden_risks_exist_in_bond_exc.html Bond exchange traded funds carry hidden risks. In a recent Wall Street Journal article, Sam Mamudi cautioned investors seeking safety in bond exchange traded funds to be aware of hidden risks that can magnify the losses and limit the gains... Page Perry LLC 2010-03-09T18:20:31-05:00 http://www.investmentfraudlawyerblog.com/2010/03/auction_rate_securities_abuses_1.html The state of Hawaii took a $250 million write-down on the auction rate securities in its investment portfolio at the end of 2009, according to a recent Bloomberg report. The write-down included 57 issues of student loan-backed securities that were... Page Perry LLC 2010-03-08T18:10:20-05:00 http://www.investmentfraudlawyerblog.com/2010/03/former_ubs_executive_settles_r.html New York Attorney General Andrew Cuomo has announced a $2.75 million settlement with a former top executive at UBS over allegations that he used insider information to sell his auction rate securities just before the market for such securities collapsed.... Page Perry LLC 2010-03-03T10:47:12-05:00 http://www.investmentfraudlawyerblog.com/2010/03/morgan_keegans_legal_costs_soa.html Morgan Keegan has been aggressively fighting an array of regulatory actions and investor claims. As a result of these "hardball" defense tactics, Morgan Keegan's legal costs have doubled and are consuming a significant chunk of the firm's revenue as a... Page Perry LLC 2010-03-02T10:35:25-05:00 http://www.investmentfraudlawyerblog.com/2010/03/tennessee_state_court_ruling_u.html A Memphis, Tennessee Chancery court has vacated an award in favor of an investor that was issued by a FINRA arbitration panel in a Morgan Keegan bond fund case. Vacatur of an arbitration award is highly unusual, and should not... Page Perry LLC 2010-03-01T17:50:53-05:00 http://www.investmentfraudlawyerblog.com/2010/02/is_the_secs_ineffectiveness_th.html While SEC Chairman Mary Shapiro is advocating a watered-down standard of conduct for brokers, which would not require them to act in their clients’ best interest, Republican fellow commissioners are trying to block many reforms she is willing to undertake,... Page Perry LLC 2010-02-28T13:29:24-05:00 http://www.investmentfraudlawyerblog.com/2010/02/medical_capital_debacle_puts_p.html As reported in recent articles in Investment News, after the SEC filed fraud charges against Medical Capital Holdings Inc, the Financial Regulatory Authority indicated that it has “a number of investigations under way involving the allegations of wrongdoing arising from... Page Perry LLC 2010-02-26T12:16:36-05:00 http://www.investmentfraudlawyerblog.com/2010/02/have_college_endowment_funds_b.html Recently released figures show that colleges across the nation suffered a 19 percent decline in their endowments in 2009. Some school endowments have reported even steeper declines, including Georgia Tech (26%), the University of Georgia Foundation (23%), and Emory University... Page Perry LLC 2010-02-23T12:13:10-05:00