With the influx in volatility and the arrival of the U.S. stock market’s first Bear Market in more than a decade, those trading on margin may be exposed to forced liquidations and/or margin calls following the market’s recent, aggressive selloff. Broker-dealers require those trading on margin to maintain as collateral a specified percentage of qualified […]
H2O Asset Management’s bond funds have lost nearly half their value in a matter of weeks, after the London-based fund manager experienced another day of severe losses on Thursday. H2O, a subsidiary of French bank Natixis that managed about €30bn of assets at the start of the year, has emerged as one of Europe’s highest-profile […]
With the recent drop in oil and gas prices, investors who hold structured products (also known as “structured notes”) tied to that sector may be at risk of significant losses. This may include structured notes tied to the following stocks, among others: Western Midstream Partners, LP (WES); Apache Corporation (APA); Targa Resources Corp. (TRGP); Continental […]
Has your employer taken the position that your deferred compensation was forfeited when you moved to a new financial service firm? We represent employees that have been the subject of Wall Street’s retaliation. When leaving their firm, many financial advisers have been told that by taking a position with another competing firm they have forfeited […]
Wells Fargo has agreed to pay $79 million to settle a class-action lawsuit related to deferred compensation for former financial advisors of the banking company. The class action covers more than 1,000 former advisers who said they were wrongly required to forfeit deferred compensation when they left Wells Fargo. The lead plaintiff, Robert Berry, said […]