Business Week
Arbitration battles to recover losses will be tough, but fresh ammo from regulators may help When Harold and Reather Weathers, a retired couple living in the Atlanta suburbs, sold some inherited property for more than $600,000 in 1999, they hoped the proceeds would carry them through their golden years. The couple, then in their late […]
USA Today
After this week’s $1.4 billion settlement between regulators and 10 Wall Street investment banks, investors who’ve been burned by a broker may be wondering whether it’s time for payback. Securities lawyers say they are already busy fielding arbitration inquiries. You don’t have to be directly affected to have a good case. Many kinds of broker […]
Los Angeles Times
At the height of the ’90s stock boom, some investment banks were searching for a novel way to boost the prospects of their corporate clients. They apparently found one: securing analyst coverage for the clients by paying rival firms to provide it, according to documents released Monday as part of a landmark legal settlement between […]
CBS Marketwatch
An NASD arbitration panel ruled against Morgan Stanley Dean Witter, awarding $234,000 in restitution to a couple who argued a broker at the firm put them into investments that were too risky, lawyers said Tuesday. According to the California law firm, Robert and Sueellen Perry, were advised to invest in a portfolio that “was concentrated […]
PR Newswire
BEVERLY HILLS, CALIFORNIA, April 29, 2003 /PRNewswire/ – The following was released today: A National Association of Securities Dealers (NASD) arbitration panel found liable and ordered Morgan Stanley DW, Inc. (NYSE: MWD) to pay Robert Perry and Sueellen Perry a total of $234,000 for the company’s breach of fiduciary duty and failure to supervise registered […]