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Breaking
News! |
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Did you lose money at Bear Stearns?
Investors have been led astray by Bear Stearns
execs. Bear Stearns management utterly failed to properly disclose
the potential risk to their net worth on risky mortgage backed
securities. They margined these securities with valuations that were
not independently determined by the market place but by themselves.
These mortgage related losses were not due so much to "illiquidity"
as they like to say, but by greed and lies. Click to read more about
Bear Stearns losses.
Have you lost money in Commodities
/ Options??
We have filed several complaints over the last few months, where the
losses are in the $100-200k range and the commissions are in the $50,000
to $100,000 range for people trading commodities options. (Learn
more about options fraud.)
If you have suffered from this type of trading in your account, we
may be able to help you recover your losses. Please
fill out the contact form to your right.
Did you get "Burned and Churned"
by your Broker Dealer?
During the recent bull market, some of the smaller
broker dealers have engaged in excessive trading in their clients
accounts. We have filed some complaints with with losses of
$100,000 to $200,000 and total commissions of over $100,000! If
you think your broker excessively churned your account, please
contact us immediately for a free, confidential
consultation (Examples of smaller broker dealers are JP
Turner, Joseph Stevens & Co. and Oppenheimer.)
Sub-Prime Lenders Stocks Crash.
Can you Recover Losses?
If you lost money in the securities of Accredited Home Lenders,
American Home Mortgage Investors, Fremont General, Impac Mortgage, New
Century, and Nova Star Financial we may be able to help you recover your
investment losses. Please contact us right away for
a no-cost, confidential consultation.
Joseph Stevens & Co.
We are currently representing several clients in cases involving
misrepresentation, unsuitability, unauthorized trades, and excessive
trading. If you believe you may have been victimized by
Joseph Stevens & Co we can help recover your investment losses."
See More
Investor Fraud Alerts
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Did you lose money with
the Madoff Fund via Rye Investment Management or
Tremont Group Holdings?
Did your broker or investment advisor
recommend that you let Mr. Madoff manage your money? If so, it may
be better than you think. Investors whose money got into Mr. Madoff’s
hands through an intermediary, may have the best chance for recovery of
their losses from that intermediary.
Contact Us
Now for a FREE Review of your Case.
Several large investment managers and funds of funds funneled
money to Mr. Madoff. "Rye Investment
Management", a division of hedge fund "Tremont
Group Holdings" apparently let Madoff “invest” 3.1
billion dollars; funds that Rye was being paid to manage for other
investors.
Under SEC rules persons and firms who are in the business of
recommending investment advisors, are themselves investment
advisors, and are fiduciaries with regard to the people to whom they
are making that recommendation. A fiduciary making a
recommendation that any investment advisor is an appropriate place
to put your money, should be able to back up the recommendation with
hard facts.
According to published reports, Tremont Group Holdings said it had
"exercised appropriate due diligence in connection with the Madoff
investments.” Judgment on whether or not they did is still open.
We have reviewed some of the paperwork that Mr. Madoff was
sending out. Even the most basic brokerage documents, new
account forms, confirmations and monthly brokerage account
statements look good at first glance. To a trained eye, however,
they clearly demonstrate non-compliance with minimum brokerage
industry requirements.
Add to that the fact Mr. Madoff’s extraordinary claims of annual
performance, and the fact that no large, reputable CPA firm ever
audited that performance, and the truth is a great many firms who
were careful with their customers money stayed away. A competent due
diligence investigation should have scared away many more.
The
so-called professionals who claim to have done extensive due
diligence on Mr. Madoff before investing either didn’t know what to
look for, or didn’t care.
If they “approved” a Ponzi scheme like this, it is really hard to
say that they asked the right questions. Most financial information,
especially for firms dealing in the amounts in which Mr. Madoff
claimed to be dealing, is either certified or verifiable.
If Mr. Madoff wasn’t actually doing trades, as is now alleged, then
none of the information he was sending out could have been verified.
And a due diligence officer, trying to verify Mr. Madoff’s claimed
performance, and not reviewing verifiable trades, is wasting his
time, and placing client funds in jeopardy. And that is exactly what
happened here.
If your broker or
investment advisor recommended that you let Mr. Madoff manage your
money, you may be in a far better position than others that dealt
directly with Madoff, as regards the recovery of your losses.
Call us at
800-285-8507 for a free consultation
or fill out the form below and we will get right back to you
to how we can help you recover your Madoff funds losses.
We are also experts in managing SIPC
liquidations, which could be another way for you to recover more of
your funds lost in the Madoff ponzi scheme.
Click here to read about
our SIPC Recovery options for Madoff Fund Investors.
Numerous references furnished upon request.
Also, See our
Testimonials Page.
We win the Tough Cases!
To initiate our review of your
Madoff case,
please
call 800•285•8507 or simply
fill out this form:
All Information will be kept strictly
confidential and will
never be sold or shared with any other party.
FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES OR
FOR A NO OBLIGATION CONSULTATION
CALL US TOLL FREE 800•285•8507
Investors Recovery Service is not a law firm, we are securities
arbitration experts, and we only bring legal counsel as it is needed to
maximize the return to the damaged investors we represent. |
