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The law firm has been contacted by numerous investors who have suffered significant financial losses and is preparing to file additional FINRA arbitration claims against broker dealers for losses incurred based on the recommendation to purchase Medical Capital securities, including those from Securities America. It is essential for investors to understand the implications of these […]
Recent failures of private placement deals, including notes issued by Medical Capital Holdings, has brought to light the issue of due diligence performed by broker-dealers. The issue that has been raised is that there is little to no pre-screening of private placement investment products by a regulatory body. This lack of regulatory oversight has exposed […]
Former AIG CEO Hank Greenberg has agreed to pay the SEC $15 million to settle past accounting issues, as reported by the Wall Street Journal. The settlement addresses allegations related to accounting practices during his tenure at AIG, reflecting ongoing efforts by the SEC to hold corporate leaders accountable for financial misconduct. Additionally, former AIG […]
UBS AG, Switzerland’s biggest bank, sued Highland Capital Management LP in New York, claiming losses of at least $745 million in a failed collateralized debt obligation transaction. Highland Capital, the investment firm founded by James Dondero and Mark Okada, failed to fulfill terms of the deal reached in April 2007, UBS said in a breach-of-contract […]
Two Ohio families and their pastor filed a federal lawsuit in Minneapolis this week accusing some “confusingly intertwined” Twin Cities investment advisers and a dozen business entities of fraud, misrepresentation and other breaches in the handling of their life savings. The eight plaintiffs claimed Trevor Cook, 37, of Burnsville and Gerald Durand, 58, of Lakeville […]