Free Consultation:
(800) 382-7969
Reuters
The founder of a global medical device company who racked up personal losses of $1.4 million in a Goldman Sachs private debt fund is concerned about practices that may lure investors into securities that are riskier than sales pitches indicate. Richard Caruso, who launched Integra LifeSciences Holdings Corp in 1989, told Reuters he invested personal […]
InvestmentNews
Two notorious independent registered representatives who violated securities laws are hanging on to life in the financial advice industry, reinventing themselves as investment “teachers” or “wealth coaches.” The two former reps, Frank Bluestein and Jeffrey Forrest, sold, respectively, a Ponzi scheme and a risky hedge fund that wiped out tens of millions of dollars of […]
Reuters
Charles Schwab Corp. can ban its clients from bringing class-action lawsuits, a securities industry regulatory panel ruled Thursday in a sweeping decision that is likely to influence other U.S. brokerage firms to follow Schwab’s policy. Schwab last year told customers it was modifying their 8.8 million account agreements to prohibit class-action suits and to modify […]
ABCNews
Jack Lew, the Treasury Secretary nominee, has faced significant scrutiny due to his past associations with Wall Street. Lew’s career includes prominent roles at Citigroup, one of the financial giants central to the 2008 financial crisis. Critics argue that his tenure at Citigroup and the substantial bonuses he received, even as the firm teetered […]
Reuters
SunTrust Banks Inc sued a Connecticut-based hedge fund on Wednesday to block arbitration of a $13 million dispute over mortgage-backed securities. The lawsuit, filed in U.S. district court in Manhattan, is the latest one brought by a bank to challenge claims by investors that their disputes can be heard and decided by a Financial Industry […]