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BEVERLY HILLS, Calif., May 12, 2010 – A Los Angeles based Financial Industry Regulatory Authority (FINRA) arbitration panel awarded more than $1.7 million to three clients in connection with their purchases of Mat Five. Mat Five was a leveraged municipal arbitrage hedge fund launched by Citigroup Global Markets, Inc. and sold through Smith Barney, part […]
The Tribune
The more than $8.8 million judgment awarded to clients of Jeffrey Forrest has been paid, six months after a financial regulatory agency determined that the former San Luis Obispo investment adviser had misrepresented a risky hedge fund as being safe. Forrest, who owned WealthWise LLC, and Associated Securities, an El Segundo-based broker-dealer with which his […]
Ignites
The number of arbitration claims filed with the Financial Industry Regulatory Authority has surged in the first seven months of 2009. Through July, investors filed 4,481 claims, as compared to 4,982 claims during all of last year. That’s a 71% increase in the number of new case filings over the same period in 2008, according […]
San Diego News Network
The widow of a San Diego resident who lost trust fund money in a retirement fund advertised as being low-risk, but that invested in mortgage-backed securities, was awarded $157,498 today by an arbitration panel. The Financial Industry Regulatory Authority awarded the Everett Ross family trust 100 percent of its losses plus expert witness costs. “Although […]The Tribune
Jeffrey Forrest can’t act as an investment adviser or work with broker-dealers A San Luis Obispo man charged with fraud by the U.S. Securities and Exchange Commission has been barred from acting as an investment adviser. Jeffrey Forrest, owner and principal of WealthWise LLC, will not be allowed to associate with any broker-dealer or be […]