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PR Newswire
Anthony Schultz, a thirteen year employee of CISCO Systems, Inc. (Nasdaq: CSCO – news) filed an arbitration with the National Association of Securities Dealers against Salomon Smith Barney, Inc, a unit of Citgroup, Inc. (NYSE: C – news) alleging that his broker failed to inform him of the availability of hedging strategies to protect his […]
Reuters
At the beginning of this year, he was a security guard working in a Silicon Valley office building, earning a modest living and keeping all his money in the bank. But he was intrigued by the software engineers in the office who boasted about their stock options and tracked their wealth on a stock quote […]
Los Angeles Times
The securities industry’s arbitration process has long been viewed as a small investor’s last resort to press grievances against a broker. But some investors are discovering to their dismay that arbitration is a two-way street: Brokerage firms also can bring claims against them–often with painful financial results for investors. This has been a particular surprise […]
USA Today
NEW YORK – In the wake of the stock market collapse, angry investors across the USA are filing complaints and arbitration claims against their stockbrokers, blaming them for losses that in some cases wiped out retirement nest eggs. The surge in complaints is not restricted to small, fly-by-night brokerage firms, but also involves large companies. […]
Los Angeles Times
Arbitration claims against brokerage firms jumped sharply in April, signaling what may be the start of a long-awaited surge in litigation after the last year’s brutal stock market decline. Investors filed 581 arbitration claims last month, up 55% from 374 in April 2000, the National Assn. of Securities Dealers said Friday. The 2,137 cases filed […]