Not so fast, J.R. Larry Hagman, who played the rapacious oil tycoon J.R. Ewing in the 1980s hit TV series “Dallas,” recently won $11.6 million in a securities arbitration case against Citigroup. As DealBook reported last month, it was the largest arbitration award an individual investor received this year and the ninth largest award ever, […]
The firm announces a notice of an investigation on behalf of investors who purchased Bank of America structured investments, which were represented as protecting principal. The investments the firm is investigating include: Bank of America (Basket EAGLES) Equity Appreciation Growth Linked Securities Bank of America Return Linked Notes Bank of America CYCLES (Capital Protected Equity […]
Many people on Wall Street were surprised when an arbitration panel awarded Larry Hagman, who played the rapacious oil baron J.R. Ewing in the 1980s hit series “Dallas,” won $11.6 million in a securities arbitration case against Citigroup. His broker, Lisa Detanna, was also surprised. She recently sent a letter about the case to hundreds […]
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined HSBC Securities (USA) Inc. $375,000 for recommending unsuitable sales of inverse floating rate Collateralized Mortgage Obligations (CMOs) to retail customers. HSBC failed to adequately supervise the suitability of the CMO sales and fully explain the risks of an inverse floating rate or other […]
The firm announced today that it is investigating potential claims on behalf of investors who invested in the following municipal arbitrage funds: 1861 Capital Management Citigroup’s Mat and ASTA Funds Aravali Fund Blue River Asset Management GEM Capital Havell Capital Enhanced Municipal Income Fund Rockwater Hedge Fund, LLC Stone and Youngberg Municipal Advantage Fund TW […]