FINRA arbitration can help investors recover losses, but results depend on preparation and strategy. Our attorneys conduct a detailed case review, draft a fact-rich Statement of Claim, and manage arbitrator selection, discovery, mediation, and hearing presentation. We focus on evidence, deadlines, and damages analysis so clients know what to expect from start to award today.
Seguir leyendoThe SEC moved to halt an alleged EquiAlt Ponzi scheme tied to four real estate investment funds, freezing assets and appointing a receiver. Investors’ recovery often turns on how the investment was sold—misrepresentations, failed due diligence, unsuitable recommendations, or selling away. Our firm evaluates claims and pursues FINRA arbitration or coordinated litigation for harmed investors.
Seguir leyendo“Selling away” occurs when a broker sells securities through unauthorized private transactions outside a firm’s approved product list. Because the deal bypasses brokerage screening, disclosures, and supervision, investors face fraud risk and may have a harder time recovering losses. The page explains examples, FINRA Rules 3270/3280, penalties, and recovery options like arbitration, mediation, or lawsuits.
Seguir leyendoThis article explains how the Madoff SIPA trustee used claims packages as a ‘Trojan Horse’: investors seeking SIPC recovery were asked to list every withdrawal, creating a roadmap for clawback suits. It outlines trustee powers under Bankruptcy Code Sections 547 and 548, plus state transfer laws, and why good-faith may shield principal but not profits.
Seguir leyendoMany GPB Capital investors bought illiquid limited-partnership interests sold as income-producing private placements, only to see distributions stop and valuations go dark. Our firm sees losses compounded by 8–10% commissions and misleading reassurance to “wait.” The recovery path is acting quickly—gather documents and pursue claims typically through FINRA arbitration, before eligibility and limitation deadlines expire.
Seguir leyendoOur firm is investigating EquiAlt debenture losses tied to four private placements. The SEC alleged $175 million in debentures were sold to over 1,100 investors and misrepresented as safe, low-risk products, with later payments resembling a Ponzi scheme. Many sales involved commissions and weak brokerage due diligence. Recovery may include FINRA arbitration or receivership distributions.
Seguir leyendoBy Dow Jones Business News, July 09, 2013, 04:07:00 PM EDT By Corrie Driebusch NUEVA YORK-Un panel de arbitraje ha ordenado a Wells Fargo Advisors pagar 2,8 millones de dólares a una sociedad limitada familiar que acusó a la firma de negligencia en relación con supuestos robos de su cuenta de inversión. La sociedad, con sede en Miami, Florida, había demandado a una antigua secretaria, acusándola de falsificar firmas para transferir dinero de sus cuentas, y ganó una sentencia de 21 millones de dólares en un tribunal de distrito de Florida en 2010. En esa demanda se alegaba que la secretaria, Esther Spero, sacó el dinero para su uso personal de cuentas de Wachovia Securities y de otros lugares entre 2005 y 2008. Wachovia fue adquirida posteriormente por Wells Fargo & Co. (WFC ). En su demanda de arbitraje separada contra Wells Fargo, la sociedad, llamada College Health and Investment Ltd., dijo que la correduría fue negligente al no detectar el supuesto robo. El panel de arbitraje de la Autoridad Reguladora de la Industria Financiera declaró responsable a Wells Fargo y le ordenó pagar 2,3 millones de dólares en concepto de daños y perjuicios. Wells Fargo también debe pagar 419.000 dólares en concepto de intereses de margen y 35.000 dólares en concepto de costas. College Health and Investment Ltd. había solicitado 4,4 millones de dólares, según el laudo del panel arbitral. Como es habitual en el sistema de reclamaciones FINRA, el laudo escrito no explicaba el razonamiento del panel. Robert Wayne Pearce, abogado de la sociedad, dijo que mostraba que el panel estaba de acuerdo con la reclamación por negligencia. Un portavoz de Wells Fargo dijo en un comunicado: "Estamos decepcionados por la decisión del panel y no creemos que estuviera justificada por los hechos presentados durante la audiencia." Escriba a Corrie Driebusch a corrie.driebusch@dowjones.com. Dow Jones Newswires 07-09-131607ET Copyright (c) 2013 Dow Jones & Company, Inc.
Seguir leyendo