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| arbitration lawyers |
| Arbitration Securities Investment Fraud |
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| Morgan Stanley Bond Fraud |
| 24 May, 2008 |
Last August, Wall Street firm Morgan Stanley and one of its senior traders agreed to pay $6.1 million in fines and restitution to settle allegations that the investment bank overcharged brokerage customers on 2,800 purchases of $59 million of bonds. Regulators investigating the case had a crucial inside source: Dana de Windt, a broker at the aquamarine, glass Morgan Stanley branch nestled among back-pain and varicose-vein-removal clinics in this small city on Florida's east coast... More here>> |
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Morgan Stanley Bond Fraud
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Labels: Morgan Stanley Bond Fraud, Undisclosed Mark-ups, Lumbermans Mutual, Kemper Insurance Company, Bonds, Dana de Windt, Michael
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| Morgan Stanley – Eastman Kodak Retiree Fraud |
| 20 January, 2008 |
A group of investors filed a class-action lawsuit on January 15, 2008 seeking nearly $500 million dollars in damages from Morgan Stanley, alleging their broker, Michael James Kazacos, gave them fraudulent investment advice and made false promises to Eastman Kodak retirees that never materialized. The plaintiffs are all former employees of Eastman Kodak Co in Rochester, N... More here>> |
References:
morgan stanley eastman kodak fraud
early retirement fraud morgan stanley eastman kodak
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Labels: morgan stanley, securities fraud, class action, eastman kodak, retirees, rochester, new york, public disclosure
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| NASAA's testimony at today's Arbitration Fairness Act hearing: |
| 12 December, 2007 |
Testimony of Tanya Solov
Director, Illinois Securities Department
Illinois Secretary of State
On behalf of the North American Securities Administrators Association
Before the
United States Senate Committee on the Judiciary
Constitution Subcommittee
"S. 1782, the Arbitration Fairness Act of 2007"
December 12, 2007
Chairman Feingold, Ranking Member Brownback, and Members of the
Subcommittee,
I am Tanya Solov, Director of the Illinois Securities Department and I am
honored to convey the North American Securities Administrators Association's
(NASAA)1support for S... More here>> |
References:
securities arbitration, investment fraud, consumer rights, investors rights, testimony
S. 1782, the Arbitration Fairness Act of 2007
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Labels: investors rights, securities arbitration, corporate corruption, political corruption, wall street corruption, securities arbitration
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| Arbitration Discovery Fund - Morgan Stanley & Co. |
| 02 November, 2007 |
FINRA recently took disciplinary action against Morgan Stanley & Co. Inc. (Morgan Stanley), the successor of Morgan Stanley Dean Witter (MSDW), for MSDW's failure to produce pre-September 11, 2001 email and updates to a supervisory manual to certain arbitration claimants during discovery. As part of a settlement of this action, a $9.5 million fund will be established to pay certain arbitration claimants... More here>> |
References:
Morgan Stanley Fraud
Morgan Stanley Fraud
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Labels: Morgan Stanley Fraud
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| Merrill Lynch $125 million |
| 07 September, 2007 |
A judge granted final approval Wednesday to Merrill Lynch & Co.'s $125 million settlement of 20 consolidated class actions accusing the prominent bank of misleading investors in their reports on Internet companies. Judge John F. Keenan of the U.S. District Court for the Southern District of New York granted the plaintiffs class certification and gave his final assent to the settlement, which with interest will come to over $133 million... More here>> |
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Merrill Lynch
Merrill Lynch
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Labels: Merrill Lynch
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| AXA Investment Fraud |
| 06 September, 2007 |
Firm Voluntarily Adds $1.2 Million to Customer Refund Fund Washington, D.C. — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined AXA Advisors, LLC, $1.2 million for failing to adequately supervise its fee-based brokerage business and distributing misleading sales literature for its fee-based brokerage account program, CapAdvantage, between 2001 and 2005... More here>> |
References:
AXA Investment Fraud
AXA Investment Fraud
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Labels: AXA Investment Fraud
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| Prudential Fined for Fraud |
| 24 August, 2007 |
Pruco Securities, LLC (CRD #5685, Newark, New Jersey) and Prudential Investment Management Services LLC (CRD #18353, Newark, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which they were censured, fined $525,000, jointly and severally, and required to conduct an audit and prepare written findings regarding their compliance with NASD rules relating to the filing, approval and recordkeeping requirements for advertisements and sales literature... More here>> |
References:
Prudential Fraud
Prudential Fraud
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Labels: Prudential Fraud
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