FINRA Alleges Brooklyn Brokerage Bilked Polish Community

December 11, 2012

Stock fraud lawyerThe Financial Industry Regulatory Authority has charged Roman Sledziejowski, President and owner of Brooklyn, NY-based brokerage firm TWS Financial, LLC, with securities fraud involving more than $4 million. Sledziejowski allegedly converted client funds to his personal use and covered up the scheme by providing falsified account statements to his clients.

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FINRA Issues Additional David Lerner Reimbursement Information

December 10, 2012

Philadelphia Securities fraud attorneyThe Financial Industry Regulatory Authority (FINRA) has released additional reimbursement information for investors defrauded by David Lerner Associates. The latest reimbursement update concerns customers who purchased Apple REIT Ten.

As we previously discussed on this securities fraud blog, FINRA recently ordered approximately $12 million in restitution to affected customers who purchased shares in Apple REIT Ten, a non-traded $2 billion Real Estate Investment Trust. FINRA alleged that DLA targeted unsophisticated investors and the elderly, selling the illiquid REIT without performing adequate due diligence to determine whether it was suitable for investors.

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FINRA Threatens to Suspend Morgan Keegan

December 7, 2012

pennsylvania securities fraud attorneyThe Financial Industry Regulatory Authority has threatened to suspend Morgan Keegan & Co.’s brokerage license over its failure to comply with an arbitration ruling in favor of former NBA star Horace Grant.

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How Much Investment Risk Are You Willing to Take?

December 6, 2012

Secutities fraud attorney philadelphiaWhen meeting with an investment professional, one of the most important issues to discuss is your risk tolerance.

The amount of risk you are willing to take will inform the broker’s recommendations going forward, so it is important to make sure you are on the same page.

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Should Hurricane Sandy Victims Tap Into Their 401(k)?

December 5, 2012

Disaster investment fraudHurricane Sandy left a trail of disaster in her wake, and many victims are facing thousands of dollars of damage. To fund the recovery, many investors may be considering tapping into their 401(k) accounts. However, before making any decision, it is important to understand both the risks and benefits.

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FINRA Releases David Lerner Restitution Details for Defrauded Investors

December 4, 2012

Securities fraud lawyer PhiladelphiaThe Financial Industry Regulatory Authority has released restitution information for investors defrauded by David Lerner Associates, Inc. (DLA). It details how investors will be notified and what steps they will need to take to receive restitution.

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Political Groups Must Give Back Contributions Made By Convicted Ponzi Schemer

December 3, 2012

Securities fraud attorneySeveral Republican and Democratic national political committees have been ordered to return $1.6 million in contributions made by convicted Ponzi schemer R. Allen Stanford. The money will be turned over to the court-appointed receiver tasked with collecting and liquidating assets to repay investors.

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FINRA Expanding Arbitration to Adviser Disputes

November 30, 2012

Philadelphia securities fraud attorneyInvestors can resolve disputes with their investment advisers through the Financial Industry Regulatory Authority’s arbitration process. Until recently, the program was limited to broker-dealers and securities firms subject to FINRA oversight.

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