Structured Notes

Archive | Structured Notes

Morgan Stanley Sued For Structured Product Sales

November 20, 2017  |   Posted by :   |   Stockbroker Fraud News, Structured Notes, Unit Investment Trusts   |   0 Comments

Patrick Francis Walsh, of Westlake Village, California, a stockbroker currently registered with Morgan Stanley, is the subject of a customer initiated investment related arbitration claim, which settled for $156,000.00 in damages based upon allegations that between January of 2009 and November of 2015, Walsh effected trades in the customer’s account on an excessive basis relating […]

Read More »

Customer Sues Morgan Stanley For Misrepresentation

November 07, 2017  |   Posted by :   |   Structured Notes, Suitability   |   0 Comments

Thomas Mark Adams of Farmington Hills, Michigan, a stockbroker currently registered with Morgan Stanley, has been named in a customer initiated investment related arbitration claim, which settled for $85,000.00 in damages based upon allegations that between November 1, 2012 and January 31, 2016, Adams made misrepresentations to the customer about the suitability of structured products […]

Read More »

UBS Sued For Unsuitable Sale of Structured Products

October 05, 2017  |   Posted by :   |   Structured Notes   |   0 Comments

Angelo Massaro Jr., of UBS Financial Services Inc., is the subject of a customer initiated investment related written complaint on June 7, 2017, in which the customer requested $160,000.00 in damages founded upon accusations that Massaro sold the customer unsuitable investments, and mismanaged the customer’s accounts. The customer alleged that structured products placed in her […]

Read More »

Customer Sues UBS Financial For Suitability

September 22, 2017  |   Posted by :   |   Stockbroker Fraud News, Structured Notes   |   0 Comments

Margaret Lech-Loubet, of Los Angeles, California, a stockbroker currently registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint on May 22, 2017, in which the customer sought $145,000.00 in damages based on allegations of suitability and omissions of facts concerning risks and liquidity of the customer’s structured product […]

Read More »

Customer Sues UBS For Suitability

September 15, 2017  |   Posted by :   |   Stockbroker Fraud News, Structured Notes   |   0 Comments

James Brian Cain, of Beverly Hills, California, a stockbroker currently registered with UBS Financial Services, Inc., is the subject of a customer initiated investment related written complaint on May 22, 2017, in which the customer sought $145,000.00 in damages based upon accusations that Cain omitted information from the customer about the risks and liquidity pertaining […]

Read More »

Merrill Lynch Customer Sues For Misrepresentation

July 28, 2017  |   Posted by :   |   Structured Notes   |   0 Comments

Jonathan Chang, of Laguna Niguel, California, a stockbroker currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is the subject of a customer initiated investment related written complaint on April 28, 2017, based upon allegations that Chang made misrepresentations and omissions to the customer concerning structured products investments purchased by the customer between April […]

Read More »

Wells Fargo Advisors Complaint Alleges Unauthorized Trading

Jarrod Edward Biebel, of Marquette, Michigan, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been named in a customer initiated investment related written complaint on October 11, 2016, where the customer requested more than $5,000.00 in damages based upon allegations that Biebel effected unauthorized structured product transactions in the customer’s account. Financial Industry […]

Read More »

Morgan Stanley Sued by Customer For Misrepresentation

Kevin C. Yang, of Pasadena, California, a stockbroker currently registered with Morgan Stanley Inc., has been named in a customer initiated investment related arbitration claim, which settled on December 18, 2016, for $57,500.00 in damages based upon allegations that Yang made misrepresentations to the customer and effected unsuitable structured transactions in the customer’s account. Financial […]

Read More »

Morgan Stanley Stockbroker Fired For Unauthorized Trading

March 16, 2017  |   Posted by :   |   Stockbroker Fraud News, Structured Notes   |   0 Comments

Jeffrey Neil Cadan, of New York, New York, a stockbroker registered with Morgan Stanley, was terminated from employment on December 21, 2016, based upon allegations of Cadan’s misconduct pertaining to his implemented investment strategy involving government debt products, as well as his exercise of discretion in customer account(s). Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

Read More »

Merrill Lynch Named In Securities Fraud Arbitration

Lisa Ann Wolf, of Chicago, Illinois, a stockbroker currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related arbitration claim, which settled on April 10, 2015 for $150,000.00 in damages based upon allegations that from July of 2008 to June of 2014, Wolf made misrepresentations and […]

Read More »

Merrill Lynch Named In Customer Securities Arbitration

January 19, 2017  |   Posted by :   |   Stockbroker Fraud News, Structured Notes   |   0 Comments

Thomas Alan Braley, of Saginaw, Michigan, a stockbroker and financial advisor formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related arbitration claim which settled on December 2, 2016 for $75,000.00 in damages. The customer’s claim was based upon allegations that between January of 2013 and […]

Read More »

UBS Financial Services Named In Customer Securities Arbitration

December 07, 2016  |   Posted by :   |   Stockbroker Fraud News, Structured Notes   |   0 Comments

Anthony J. Mazzo, of Boca Raton, Florida, a stockbroker formerly associated with UBS Financial Services, Inc., has been subject to a customer initiated investment related arbitration claim on August 5, 2016, which was settled for $138,855.92 in damages based upon allegations that Mazzo guaranteed investment performance to customers, and omitted facts to the customer concerning […]

Read More »

First Allied Securities Fined For Failure To Supervise Structured Products Sales

First Allied Securities, Inc., a broker-dealer headquartered in San Diego, California, was censured and fined $950,000.00 by Financial Industry Regulatory Authority (FINRA) after the firm consented to findings of misconduct that included, inter alia, the firm’s failure to appropriately supervise the sales of structured products. Letter of Acceptance, Waiver and Consent, No. 2015045234401 (Nov. 2, […]

Read More »

Puerto Rican Bonds Land CUSO Financial Stockbroker In Fraud Lawsuit

September 28, 2016  |   Posted by :   |   Bond Fraud, Stockbroker Fraud News, Structured Notes   |   0 Comments

Felix A. Bartolomei, of Orlando, Florida, is subject to a pending customer dispute from June 16, 2016, in which the customer requested $50,000.00 in damages after alleging securities fraud, overconcentration of the customer’s investment account, and unsuitability of investments in connection with the customer’s purchase of closed-end funds and Puerto Rico bonds. FINRA Public Disclosure […]

Read More »

Crime Pays: Merrill Lynch Fined $10 Millions Dollars For $150 Million Scheme

September 16, 2016  |   Posted by :   |   Strategic Return Notes, Structured Notes   |   0 Comments

Merrill Lynch, Pierce, Fenner & Smith Inc., headquartered in New York, New York, consented to a $10,000,000.00 fine by The Securities and Exchange Commission (SEC) in connection with an SEC Order containing findings that Merrill Lynch made misleading statements regarding costs pertaining to structured notes issued by Bank of America – Merrill Lynch’s parent. SEC […]

Read More »

Merrill Lynch Fined In Strategic Return Notes Fiasco

Merrill Lynch, Pierce Fenner & Smith, Inc. headquartered in New York, New York, was censured and fined $5,000,000.00 by the Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to properly disclose costs associated with strategic return notes. Letter of Acceptance, Waiver and Consent, No. 2012032967901 (June 23, 2016). According to […]

Read More »

UBS Paying $19.5 for Fraud in Connection with Sale of Structured Notes

October 13, 2015  |   Posted by :   |   Stockbroker Fraud, Stockbroker Fraud News, Structured Notes   |   0 Comments

UBS is a Swiss corporation, and the owner of UBS Financial, which conducts business in the United States and is a member of the Financial Industry Regulatory Authority. In 2014, UBS, one of the largest issuers of structured notes in the world, issued and sold 2.7 billion in structured notes. Structured notes are securities issued […]

Read More »

Structured Notes Are Wall Streets Next Bubble

August 10, 2010  |   Posted by :   |   Stockbroker Fraud News, Structured Notes   |   0 Comments

The man who predicted in March 2007 the collapse of the mortgage-backed securities market now predicts that Wall Street banks are creating the next investment bubble by selling opaque and unregulated structured notes to investors hunting for yield. Richard Christopher Whalen Whalen wrote today in a report, using the same “loophole” that allowed over-the-counter sales […]

Read More »