Featured Securities Investigations
- NOTICE TO CLIENTS OF JEFFREY DIXSON WITH GPB CAPITAL: Klayman & Toskes, P.A. Investigates Former Madison Avenue Securities Broker Jeffrey Dixson Regarding Unsuitable GPB Capital Recommendations
06/22/2021
National investor law firm KlaymanToskes (“KT”) continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes. Under FINRA Rules, brokerage firms have an obligation to make suitable recommendations to their customers, … - NORTHSTAR FINANCIAL SERVICES (Bermuda) INVESTMENT RECOVERY: KlaymanToskes Investigates Investor Losses
06/21/2021
National investor fraud law firm, KlaymanToskes (“KT”), announces an investigation on behalf of investors in Northstar Financial Services (Bermuda) Ltd. following its recent bankruptcy and order to liquidate by the Bermuda government. What is Northstar Financial Services (Bermuda) Ltd? Originally created in the 1990s, Northstar Financial Services was a Segregated Accounts Company regulated by the Bermuda Monetary … - NOTICE TO CLIENTS OF PAUL McGONIGLE WITH LPL FINANCIAL: Klayman & Toskes, P.A. Commences Investigation of Former LPL Broker Paul R. McGonigle in Light of Fraud Charges
06/15/2021
National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation in light of recent criminal charges concerning Paul R. McGonigle (“McGonigle”), who worked at LPL Financial (“LPL”) from February 2018 to June 2019. On June 9, 2021, the Department of Justice (“DOJ”) charged McGonigle with three counts of wire fraud, one count of mail … - BDC INVESTOR ALERT: KlaymanToskes Investigates Investor Losses in Response to Medley Capital Bankruptcy Filing Attributed to Portfolio Loan Losses Related to the COVID Pandemic
04/29/2021
KlaymanToskes (“KT”), announces their investigation on behalf of investors into Business Development Companies (“BDCs”), Medley Capital and Sierra Income Corp. On March 7, 2021, Medley Capital Corp. (NYSE: MCC), a direct subsidiary of Medley Management Inc. (NYSE: MDLY), filed for Bankruptcy Protection in the U.S. Bankruptcy Court for the District of Delaware (Case: 21-10526-KBO). Medley … - LORDSTOWN MOTORS CORP CLASS ACTION ALERT: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Truck Manufacturer
03/22/2021
Boca Raton, Florida — March 22, 2021 — The Securities Law Firm of KlaymanToskes (“KT”) provides a Lordstown Motors Corp. (NASDAQ:RIDE) Alert to shareholders concerning the Class Action Lawsuit (Case 21-CV-00616) filed March 18, 2021 in the United States District Court of the Northern District of Ohio, Youngstown Division, for the class period from August … - SEC Charges Broker-Dealers and Investment Advisory Firms for the Sales of Complex Exchange-Traded Products With More than $3 Million Returned to Retail Investors
11/13/2020
The securities industry watchdog, the Securities and Exchange Commission (“SC”) filed settled actions against three investment advisory firms and two dually-registered broker-dealer and advisory firms for violations that related to unsuitable sales of complex exchange-traded products (“ETFs”) to retail investors for the period between January 2016 and April 2020. According to SEC, “The actions were filed … - NOTICE TO UPS EMPLOYEES WITH MERRILL LYNCH ACCOUNTS: Klayman & Toskes, P.A. Continues to Investigate and Pursue Claims on Behalf of UPS Employees Who Sustained Losses from Unsuitable Covered Call Writing Strategies
02/02/2018
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to investigate and pursue claims for current and former UPS (NYSE: UPS) employees with Merrill Lynch accounts, for losses sustained from unsuitable covered call writing strategies for concentrated UPS stock positions. K&T recently filed a claim against Merrill Lynch on behalf of … - NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes and Carlo Law Offices File $15 Million FINRA Claim Against UBS for Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds in the Wake of Puerto Rico’s Bankruptcy Filing
05/05/2017
San Juan, Puerto Rico. May 5, 2017 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.sueubspuertorico.com, together with Carlo Law Offices, P.S.C. located in Puerto Rico, announced today that they filed a FINRA claim against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (NYSE: UBS) (collectively “UBS”) for $15 … - FINRA Bars Broker for Excessive Trading in Elderly Customer Accounts
05/02/2017
Released April 2017 Matthew Christopher Maczko (CRD #1888519, Downers Grove, Illinois) submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Maczko consented to the sanction and to the entry of findings that he engaged in excessive trading in an elderly customer’s accounts. … - Department of Labor Fiduciary 60-Day Rule Delays Financial Industry Crunch Time
04/10/2017
The new Department of Labor (DOL) Fiduciary Rule that was enacted and scheduled to begin this month on April 10th has been postponed 60 days to June 9th. Brokerage Firms and Financial Advisors are responsible for compliance with the rules as they are now written. Keeping in mind that the requirements may be modified or eliminated … - Texas E&P Partners Expelled By FINRA for Misconduct Related to Chestnut Exploration Partners
03/30/2017
Released March 2017 Texas E&P Partners, Inc. fka Chestnut Exploration Partners, Inc. (CRD #127228 , Richardson, Texas) and Mark Allan Plummer (CRD #4608699 Richardson, Texas). The firm was expelled from FINRA® membership. Plummer was barred from association with any FINRA member in any capacity and ordered to pay $ 513,961, plus interest, in restitution to customers. The … - Broker Barred by FINRA for Excessive Trading in Client IRA Accounts
03/28/2017
Released March 2017 Richard Gomez (CRD #4727721, Jackson Heights, New York) submitted an AWC in which he was suspended from association with any FINRA member in any capacity for one year. In light of Gomez’s financial status, no monetary sanction has been imposed. Without admitting or denying the findings, Gomez consented to the sanction and to … - NOTICE TO MORGAN STANLEY CLIENTS: Klayman & Toskes, P.A. Announces Investigation of Morgan Stanley Following $8 Million in SEC Fines for Exchange Traded Fund Violations
02/21/2017
New York, NY — February 21, 2017 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A.,(K&T) www.klaymantoskes.com, announces an investigation into sales practice violations by Morgan Stanley (NYSE:MS) following $8 million in fines levied by the Securities Exchange Commission (SEC) related to Exchange Traded Funds (ETFs). On February 14, 2017, the SEC imposed a … - NOTICE TO WELLS FARGO BROKERAGE CLIENTS: Klayman & Toskes, P.A. Launches Investigation into Wells Fargo Advisors’ Envision Investment Analysis Tool, Following $1 Million FINRA Fine for Failing to Supervise Client Presentation Reports
12/16/2016
New York, NY – December 16, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has launched an investigation into Wells Fargo Advisors, a wholly-owned brokerage dealer of Wells Fargo (NYSE:WFC), for Financial Industry Regulatory Authority (FINRA) sales practice violations for failing to supervise client presentation reports, including those generated by the firm’s Envision investment analysis tool. On … - NOTICE TO MERRILL LYNCH PUERTO RICO BOND AND BOND FUND INVESTORS: Klayman & Toskes, P.A. Continues to Investigate FINRA Arbitration Claims against Merrill Lynch for its Margin Lending Practices Related to Concentrated Investments in Puerto Rico Bonds and Bond Funds
12/05/2016
San Juan, Puerto Rico–December 5, 2016. The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to investigate FINRA arbitration claims against Merrill Lynch, a subsidy of Bank of America, N.A. (NYSE:BAC), for its margin lending practices related to concentrated investments in Puerto Rico bonds and leveraged closed-end bond funds (CEBFs). The Financial Industry Regulatory Authority (FINRA) … - NOTICE TO MERRILL LYNCH CUSTOMERS – Klayman & Tokses, P.A. Announces Investigation into Merrill Lynch Loan Management Accounts in Light of FINRA Sanctions for $7 Million in Fines and Restitution Regarding US and Puerto Rico Clients
12/01/2016
New York, NY – December 1, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces an investigation into Merrill Lynch, a wholly owned brokerage firm of Bank of America (NYSE:BAC), for Financial Industry Regulatory Authority (FINRA) sales practice violations from its Loan Management Accounts (LMAs) following FINRA regulatory fines. Yesterday, FINRA accepted from Merrill Lynch an Acceptance Waiver … - FINRA Fines Broker for Excessive Commissions from Risky Trading Strategies
11/17/2016
Released November 2016 Lucas Dylan Lichtman (CRD #5542092, Nanuet, New York) submitted an Offer of Settlement in which he was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in any capacity for nine months. Without admitting or denying the allegations, Lichtman consented to the sanctions and to the entry of … - FINRA Fines Broker $219,000 for Private Placement Violations
11/14/2016
Thomas Edward Brenner Jr. (CRD #1489233, Orrville, Ohio) submitted an AWC in which he was assessed a deferred fine of $30,000, suspended from association with any FINRA member in any capacity for 16 months, and ordered to pay deferred disgorgement of commissions of $189,000, plus interest. Without admitting or denying the findings, Brenner consented to … - NOTICE TO CURRENT AND FORMER WELLS FARGO EMPLOYEES AND CUSTOMERS – Klayman & Tokses, P.A. Continues to Investigate Wells Fargo Cross Selling Incentive Programs Following Regulatory Probes
11/04/2016
New York, NY – November 4, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to inv estigate Wells Fargo (NYSE:WFC) and its broker dealer, Wells Fargo Advisors, for potential Financial Industry Regulatory Authority (FINRA) sales practice violations from its“cross selling” incentive programs. Yesterday, Wells Fargo reported in its SEC 10-Q filing, “the United States Department of Justice and the United States Securities and Exchange Commission, and state … - FINRA Fines Eight Firms a Total of $6.2 Million for Supervisory Failures Related to Variable Annuity L-Shares
11/03/2016
Released November 2, 2016 WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that it has fined eight firms, including VOYA Financial Advisors, five broker-dealer subsidiaries of Cetera Financial Group, Kestra Investment Services, LLC, and FTB Advisors, Inc., a total of $6.2 million for failing to supervise sales of variable annuities (VAs). FINRA also ordered … - NOTICE TO WELLS FARGO AND MORGAN STANLEY CLIENTS – Klayman & Toskes, P.A. Investigates Cross Selling Incentive Programs Following FINRA Targeted Examination Letter to Brokerage Industry
10/31/2016
New York, NY – October 31, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an industry-wide investigation of brokerage firms into potential Financial Industry Regulatory Authority (FINRA) sales practice violations of “cross selling” incentive programs following targeted examination letter to member firms. According to FINRA, the Targeted … - SEC Bars LPL Financial advisor, Paul Lebel for Churning Client Mutual Fund Investments
10/24/2016
On October 18, 2016, the Securities Exchange Commission (SEC) barred LPL Financial advisor, Paul Lebel for churning and excessively trading mutual funds in customer accounts for the sole purpose of his own personal enrichment. The excessive trading, also known as “churning” occurred during the period from 2008 to 2014, “during his employment with LPL, he … - NOTICE TO WELLS FARGO BROKERAGE CUSTOMERS — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues Wells Fargo Advisors Investigation — California AG Issues Search Warrant
10/21/2016
New York, NY — October 21, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, continues to investigate Wells Fargo Advisors for potential Financial Industry Regulatory Authority (FINRA) sales practice violations following California’s Attorney General Office search warrant which seeks bank customer records, as reported by the Los Angeles Times. … - FINRA Sanctions Securities America for Not Offering Certain Clients Mutual Fund Discounts
10/18/2016
In September 2016, the Financial Industry Regulatory Authority (FINRA) sanctioned Securities America for Mutual Fund Sales Practice Violations. Securities America, Inc. (CRD #10205, La Vista, Nebraska) submitted an AWC in which the firm was censured and required to provide FINRA with a remediation plan to remediate eligible customers who qualified for, but did not receive, the … - Morgan Stanley Clients — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation into Morgan Stanley for Securities Violations Related to Solicitations for Portfolio Loan Accounts
10/14/2016
New York, NY — October 14, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by Morgan Stanley and its financial advisors after Morgan Stanley (NYSE:MS) was recently charged with “dishonest and unethical conduct” by the … - Wells Fargo Advisors Targeted by Plaintiff Attorneys
10/12/2016
Published by Financial Advisor IQ October 12, 2016 Allegations of improper cross-selling methods at Wells Fargo continue to spread into its advisor business following the retail bank’s settlement with and subsequent grilling by regulators. One law firm has launched an investigation into whether cross-selling practices at Wells Fargo Advisors broke Finra rules. Securities law firm Klayman & Toskes, … - Wells Fargo Brokerage Customer Alert — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation into Wells Fargo “Cross-Selling” Efforts for Violations of Securities Industry Regulations
10/10/2016
Boca Raton, Florida (Businesswire) – October 10, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by Wells Fargo Advisors and its financial advisors for activities similar to those recently reported in The Charlotte Observer. According … - Elder Financial Fraud Victims: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Expands Practice to Representation of Victims of Elder Financial Fraud
09/27/2016
Boca Raton, Florida (GLOBE NEWSWIRE) – September 27, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, expands its practice to include the representation of victims of elder financial fraud. According to the Department of Justice (“DOJ”), U.S. Attorney’s Office Elder Justice Task Force reports, “Speaking only of the financial … - PLATINUM PARTNERS LP INVESTOR ALERT – Notice to Investors Who Purchased Platinum Partners LP Hedge Funds through Financial Advisors and Brokerage Firms: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation
08/17/2016
New York, New York (Globe Newswire) — August 17, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has opened an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by financial advisors and brokerage firms related to the Platinum Partners Value Arbitrage Fund and the Partners Credit … - METLIFE VARIABLE ANNUITY ALERT — Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation of MetLife Securities Misconduct in Light of $25 Million in Fines and Restitution Imposed By FINRA
08/12/2016
New York, New York (Globe Newswire) — August 12, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, announces investigation of MetLife Securities Inc. (“MetLife”) misconduct in light of $20 million in fines and $5 million in restitution imposed by the Financial Industry Regulatory Authority (FINRA), for violations related to variable … - Notice to Clients of Andrew Yocum and Morgan Stanley: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. has Commenced an Investigation in Light of Recent Regulatory Action Barring Andrew Yocum from Acting as a Broker
08/02/2016
New York (Globe Newswire) – August 2, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes¸ P.A. (“K&T”), www.klaymantoskes.com, has commenced an investigation in light of recent regulatory action barring Andrew Yocum (“Yocum”) from acting as a broker or otherwise associating with firms that sell securities to the public. The Financial Industry Regulatory Authority … - Notice to Merrill Lynch Customers Who Invested in Strategic Return Notes: SEC and FINRA Levy $15 Million in Fines for Failing to Disclose Material Facts in Sales of Structured Notes
06/23/2016
New York, NY, June 23, 2016 (GLOBE NEWSWIRE) – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announced today that it has expanded its investigation into Merrill Lynch’s (NYSE: BAC) sale of Strategic Return Notes. The SEC and FINRA have collectively levied $15 Million in fines against the firm for failing … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Investigate and Pursue FINRA Arbitration Claims Against VSR Financial Services for Sales Practice Violations Related to Non-Traded Alternative Investments
04/06/2016
New York (Globe Newswire) – April 7, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”) www.klaymantoskes.com, announced today that it is continuing to investigate and pursue Financial Industry Regulatory Authority (FINRA) securities arbitration claims against VSR Financial Services (“VSR”) for sales practice violations related to solicited investments in non-traded alternative investments. … - Notice to Franklin Square Energy and Power Fund Investors: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Potential FINRA Sales Practice Violations by Brokerage Firms
04/06/2016
Boca Raton (Globe Newswire) – April 7, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces that it is conducting an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by brokerage firms for solicited investments in Franklin Square Energy and Power Fund (“FSEP”), a non-traded Business … - Correction – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Potential Sales Practice Violations by Cetera Advisors Related to Solicited Investments in Non-Traded REITs and BDCs
04/01/2016
New York (Globe Newswire) – April 1, 2016 – In a release issued under the headline “The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Cetera Advisors Sales Practice Violations Related to Solicited Investments in Non-Traded REITs and BDCs” on March 24th, 2016 by Klayman & Toskes P.A., please note that … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Cetera Advisors Sales Practice Violations Related to Solicited Investments in Non-Traded REITs and BDCs
03/24/2016
New York (Globe Newswire) – March 24, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces an investigation into Financial Industry Regulatory Authority (FINRA) sales practice violations by Cetera Advisors related to solicited investments in non-traded Real Estate Investment Trusts (“REITs”) and Business Development Companies (“BDCs”). According to K&T, the scope … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Sales Practice Violations of Brokerage Firms Related to Concentrated Positions in Energy Company Stocks Collateralized by Margin Loans
03/21/2016
Boca Raton, Florida (Businesswire) – March 21, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announces an investigation into Financial Industry Regulatory (FINRA) sales practice violations of full-service brokerage firms related to the handling of client brokerage accounts with concentrated positions in energy company stocks collateralized by margin loans. … - Notice to All United Development Funding IV Investors with Losses in Excess of $250,000 from the Securities Arbitration Law Firm of Klayman & Toskes, P.A.
03/02/2016
New York (Globe Newswire) – March 2, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, provides notice to all United Development Funding IV (NASDAQ:UDF) investors with full-service brokerage accounts. Class action lawsuits have been filed against company and its officers only. Investors with full-service brokerage firms should consider all investment … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation into Sales Practice Violations of Brokerage Firms Related to United Development Funding IV Non-Traded REIT and Initial Public Offering
02/26/2016
Boca Raton, Florida (BUSINESSWIRE) – February 26, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, launches an investigation into Financial Industry Regulatory Authority (“FINRA”) sales practice violations of brokerage firms related to United Development Funding IV (“UDF”) Non-Traded REIT and Initial Public Offering. In 2013, UDF was financed through … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Investigate Sales Practices Violations Related to Credit Suisse X-Links and Velocity Shares ETNs
01/21/2016
Boca Raton, Florida (BUSINESSWIRE) – January 21, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, continues to investigate Financial Industry Regulatory (FINRA) sales practice violations related to Credit Suisse Securities USA (“Credit Suisse”) X-Links and Velocity Shares Exchanged Traded Notes (ETNs). Credit Suisse X-Links and Velocity Shares ETNs are issued … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Investigate Sales Practices Related to UBS ETRACS ETNs
01/20/2016
Boca Raton, Florida (BUSINESSWIRE) – January 20, 2016 – The Securities Arbitration Law Firms of Klayman & Toskes, P.A., www.klaymantoskes.com, continues to investigate Financial Industry Regulatory Authority (FINRA) sales practice violations related to UBS Exchange Traded Access Securities (ETRACS) whose performance is linked to declining energy, currency and commodity markets. UBS Financial Services, Inc. (UBS), … - The Securities Arbitration Law Firm of Klayman & Toskes, PA Continues to Investigate UBS V10 Enhanced FX Carry Strategy Notes Following UBS Settlement with SEC for $19.5 Million
10/14/2015
Boca Raton, Florida (BUSINESSWIRE) October 14, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com announced today that it continues to investigate UBS Financial Services (UBS) in connection with the sale of senior unsecured notes, issued by affiliated banks of parent company UBS AG (NYSE: UBS). In response to a Securities … - The Securities Arbitration Law Firms of Klayman & Toskes, P.A. and Carlo Law Offices Announce Investigation of Santander Securities, LLC on Behalf of Puerto Rico Investors for FINRA Sales Practice Violations
10/13/2015
The Securities Arbitration Law Firms of Klayman & Toskes, P.A. and Carlo Law Offices Continue to Investigate Santander Securities, LLC on Behalf of Puerto Rico Investors for FINRA Sales Practice Violations San Juan, Puerto Rico (BUSINESSWIRE) – October 13, 2015 – The Securities Arbitration Law Firms of Klayman & Toskes, P.A., www.perdidasenbonospr/.com/en/, and Carlo Law Offices … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation into FINRA Sales Practices Violations Related to Credit Suisse X-Links and Velocity Shares ETNs
10/13/2015
Boca Raton, Florida (BUSINESSWIRE) – October 13, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, announces an investigation into Financial Industry Regulatory Authority (FINRA) sales practice violations by major Wall Street brokerage firms, including Credit Suisse Securities USA (“Credit Suisse”), related to Credit Suisse X-Links and Velocity Shares Exchanged Traded … - The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation into UBS ETRACS ETNs Linked to Declining Energy and Commodity Prices
10/09/2015
Boca Raton, Florida (BUSINESSWIRE) – October 9, 2015 – The Securities Arbitration Law Firms of Klayman & Toskes, P.A., www.klaymantoskes.com, announces an investigation into UBS Financial Services, Inc. (UBS), a wholly owned subsidiary of UBS Group A.G. (NYSE:UBS), for Financial Industry Regulatory Authority (FINRA) sales practice violations related to UBS Exchange Traded Access Securities (ETRACS) … - LPL Financial LLC Ordered To Pay Restitution To Investors and Fines To FINRA for Failure To Supervise Sale of Non-Traded REITs, Variable Annuities and Exchange Traded Funds
05/08/2015
Financial Industry Regulatory Authority (FINRA) sanctioned LPL Financial, LLC with fines of $10 million for, “broad supervisory failures in a number of key areas, including the sales of non-traditional exchange-traded funds (ETFs), certain variable annuity contracts, non-traded real estate investment trusts (REITs) and other complex products”. Additionally, FINRA ordered that $1.7 million in restitution be … - National Senior Investor Initiative Report Points To Need For Elder Financial Fraud Protection
05/01/2015
A recent report published by securities industry regulators concerning brokerage firm examinations in 2013 that led to important insights concerning brokerage firm sales practices directed towards senior investors. The information gathered from examinations conducted by SEC and FINRA regulators was published in the National Senior Investor Initiative Report which draws from detailed statistical analysis of … - Proposed Rule Change Protect Investors Retirement Funds From Abusive Brokerage Firm Sales Practices
04/21/2015
The proposed rule change proposed by the Department of Labor (DOL) are directed towards a multi-trillion dollar industry IRA Rollover industry from employer sponsored retirement plans to accounts held with brokerage firms. The new rule will afford IRA account holders the same protections when the funds were held in a company 401(k). For financial advisors … - Why Puerto Rico Investors Pursuit of Tax Free Income Led to Financial Ruin
04/16/2015
UBS Financial Services of Puerto Rico and its financial advisors have placed investors in great peril chasing tax-free income through investments in UBS Puerto Rico Family of Funds without regard to the risks and consequences of their investment advice. This lesson should have been learned by financial advisors during the mortgage meltdown. Before the credit … - What Legal Recourse Exists For Hedge Fund Investors In BlackGold Opportunity Fund LP?
04/10/2015
The collapse in oil prices has hit hard investment strategies focused on the oil and energy sector for many investors, both retail and high net worth, accredited investors. Accredited investors qualify to invest in BlackGold Opportunity Fund, LP through meeting minimum net worth and stated income requirements specified by the SEC Rule 506, Regulation D. … - Recent IBM Class Action Lawsuit Provides Investors Loss Recovery Options
03/27/2015
Recently, an IBM Class Action Lawsuit (Case No. 15-CV-01513) was filed in the United States District Court for the Southern District of New York for the class period from April 17, 2014 to October 17, 2014. These developments requires investors who acquired IBM stock (NYSE:IBM) through employment, inheritance or as a personal investment to consider … - The Securities Arbitration Law Firm of Klayman & Toskes, PA Investigates UBS Financial Services in Connection With the Sale of UBS V10 Enhanced FX Carry Strategy
02/27/2015
Boca Raton, Florida (BUSINESSWIRE) February 27, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com announced today that it is currently investigating UBS Financial Services (UBS) in connection with the sale of UBS V10 Enhanced FX Carry Strategy. UBS AG (NYSE: UBS) issued senior unsecured securities linked to the UBS …
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Featured Cases
- NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes and Carlo Law Offices File $15 Million FINRA Claim Against UBS for Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds in the Wake of Puerto Rico’s Bankruptcy Filing
- NOTICE TO UPS EMPLOYEES/SHAREHOLDERS: Klayman & Toskes, P.A. Files $1,000,000 FINRA Arbitration Claim on Behalf of Retired UPS Employee for Losses Suffered as a result of Merrill Lynch’s Unsuitable Recommendation to Invest in Rampart Strategy
- NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes Files $8.5 Million Suit Against UBS as it Investigates Claims for Over-Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds
- Puerto Rico Residents with Morgan Stanley Brokerage Accounts: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Pursue FINRA Arbitration Claim Against Morgan Stanley for Sales Practices Violations
- Notice to Merrill Lynch Clients with Rampart Options Management Services Program: Klayman & Toskes, P.A. Continues to Pursue $1,000,000 FINRA Arbitration Claim on Behalf of UPS Employee for Mismanagement of Concentrated Stock Position
- Notice to Merrill Lynch Clients with Rampart Options Management Services Program: Klayman & Toskes, P.A. Files $500,000 Claim on Behalf of UPS Employee for Mismanagement of Concentrated Stock Position
- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Comments on Trading Halt in United Development Funding IV Shares Reported in SEC Filings