INVESTMENT FRAUD ALERTS!
Breaking News for Investors

Did You Buy Medical Capital Corporation Notes?

Medical Capital Corporation sold more than $2 billion of its notes to investors. The proceeds were supposed to be used to purchase accounts receivables from medical providers like doctors' groups and hospitals.

In July 2009, the SEC closed this firm down and had a judge appoint a receiver for its business. It seems that the firm was investing in several non-medical investments, including: $20 million for “The Perfect Game,” a film about a group of Mexican youths who in 1957 became the first non-U.S. team to win the Little League World Series; $7 million in a company that marketed a mobile-phone application that consisted of a live video feed of a hamster in a cage; and an unspecified amount for a 118-foot yacht called "The Home Stretch".

Not surprisingly, the firm has defaulted on the payment of a substantial portion of the outstanding notes, leaving investors out in the cold.

Investors Recovery Service is beginning to commence actions against the brokerage firms that sold these notes. In reviewing the offering materials we believe that there are far more questions than answers, and that a brokerage firm that competently reviewed these offerings, performed the requisite due diligence would not have sold them in the first place, and most importantly, would not have sold them to investors that needed income, particularly to supplement their retirement.

If you are a holder of any Medical Capital Notes, call us, as we our your best chance of obtaining a substantial recovery on these losses. Class actions will only yield a tiny percentage of your losses.

Securities Arbitration makes much more sense. Interestingly, this is not the first Medical Receivables fraud we have run across. Towers Financial, back in the 90's, also defrauded investors out of many hundreds of millions of dollars. We obtained numerous arbitration awards for our clients that lost money with Towers and we are confident that we will receive similar results with Medical Capital Notes.

Did You Lose money in bond funds,
particularly short term bond funds?

Many investors lost money last year in short term bond funds, as well as long term funds, because of heavy concentration in Non Agency Mortgage Backed Securities. In many instances, there was a concentration of well in excess of 50% of the fund's assets in these speculative securities. Many customers were told that these funds were safe, and some were even told that the funds were managed "to provide minimal changes in share price". Sometimes even as an alternative to a money market fund.

We can recover a substantial portion of your bond fund losses through securities arbitration. Please call or write for a no cost consultation.

What we will need from you is the name of the fund, the date(s) you purchased it, what you were told, how much you invested and the amount of your capital loss.

Did you lose money due to Rochester Fund Municipals?

Oppenheimer Rochester National Municipals Fund (NASDAQ: ORNAX - News) (NASDAQ: ORNBX - News) (NASDAQ: ORNCX - News)

If your stock broker / financial advisor told you that these were safe funds, and you were a risk adverse investor, we may be able to recover substantially all of your principal losses.

While there are class action(s) claiming that the fund(s) made inadequate disclosures concerning its risks, the disclosures that we saw, made it clear to us that the brokers that sold this fund to risk adverse clients, were doing so at their own peril. Therefore, the better claim and most likely to yield a substantial return of your principal losses is to take your broker to arbitration, rather than hope that the class actions yield a good result. In truth, most class actions yield less than 10 cents on the dollar. Class actions are not a suitable or appropriate strategy to undertake if your losses exceeded $100,000 or more. We currently represent client(s) with losses of over $1 million in these funds.

Please contact us as soon as possible and learn whether or not we can help you recover losses from the Rochester National Municipals Fund, ORNAX.

Attention Wachovia and First Clearing customers:

Did your broker sell you risky investments even though you never wanted to take a lot of risk? Brokers are supposed to ask for a customer's risk tolerance up front, and only recommend investments that fit.
Wachovia and First Clearing recommended the risky investments that they wanted to sell, and then changed their records to reflect that risk was what the customer wanted.

Over 300,000 Wachovia brokerage customers had their investment objectives changed, but were never sent a written notification of that change from Wachovia – even though written notification was required.

Securities regulators have fined Wachovia and First Clearing over $1 million for their failure to provide required written notifications to over 800,000 of their customers whose investment objectives were changed over the past 5 years. If you were one of those customers, you might have a claim against Wachovia or First Clearing for your investment losses.

If you lost money in your Wachovia or First Clearing account,
give us a call!

Did You Lose Money with the
Madoff Securities Ponzi Scheme?

If you have a Bernard Madoff Securities brokerage statement that shows you had securities in your account as of December 11, 2008, you should file a claim with the SIPC to recover your losses.

But, you should have us file the claim and correspond with SIPC. 
If you do this on your own, it could be a disaster. 

SIPC claims take expertise. Don’t hire someone who has never handled one, and who gets his “training” in this area on your claim. It could be the most expensive mistake you ever make.

Click Here for info on the Madoff Fund Ponzi Scheme

Bitten by a 1031 TIC?

If you own real estate as a Tenant in Common with a group of strangers; you got there with the help of a stock broker; and you are now watching the property suffer financial difficulties ... you are not alone. 

CLICK HERE TO LEARN MORE ABOUT HOW TO RECOVER YOUR LOSSES IN 1031 TAX DEFERRED REAL ESTATE EXCHANGES PURCHASED AS TENANTS IN COMMON.

Did You Purchase an ABC Viatical?

If you purchased an ABC Viatical through a registered broker dealer, we can recover your losses. If you are counting on the class action to recover your losses, you will be sorely disappointed. Most investors will be fortunate to get back 10% of their investment. Call us today and learn how we can help you recover much more of your losses.

Click Here to read about the SEC Litigation Release regarding ABC Viaticals.

Did you lose money at Bear Stearns
or in Bear Stearns Securities? 
Call now for expert advice on how to proceed.

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. Simply put, the mortgages were not worth what they were sold for.

And, if you become a member of a class action, you will be victimized once again. Class actions typically get investors only a few pennies back on the dollar lost. We have the experience (over 1200 arbitrations) since 1991, and the know how to get you back your losses.

Call now for a no cost consultation.

Have you lost money in Commodities / Options??

Did you get "Churned and Burned" 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?

 Joseph Stevens & Co.

"Amaranth Hedge Fund"
You may be able to recover your losses.

If you were sold an interest in this fund, and believe its prospects were over stated while its risks were understated we may be able to recover your losses.

Call now for a no cost consultation.

NASD Fines Merrill Lynch $5 Million for
Call Center Supervisory Failures, Sales Contest Violations

Call Center Sales Contests Prohibited for Three Years,
Firm Ordered To Impose Special Supervisory Measures
Until Corrective Measures Completed

For the past several years, Merrill Lynch has been running Financial Advisory Centers (or “call centers” or “FAC”), and steered many of their smaller retail customers to those centers and away from the customer’s regular brokers and financial advisors. Unfortunately for many clients who went to these Merrill Lynch Financial Advisory Centers, the brokers who work these rooms often are not investment professionals. Too often, what they sold was not always in the client’s best interests.

On March 15, 2006, NASD announced that they were fining Merrill Lynch $5,000,000 for violation of numerous “supervisory failures, registration violations, impermissible sales contests and other violations…” arising out of Merrill Lynch’s mismanagement of these Financial Advisory Centers. (see NASD release) .

The long and short is that these Merrill Lynch advisory centers – whether called Financial Advisory Center, Call Center or “FAC”’s -- take the smaller clients, the ones that generate the least amount of profit for the firm, and assign these accounts to brokers that sell primarily Merrill Lynch proprietary products. What these brokers didn’t disclose is that they are directed to sell only those investments that will make Merrill Lynch the most amount of money, often at your unnecessary expense.

If you had contact with a Merrill Lynch Financial Advisory Center, Call Center or FAC, you may have believed that you were dealing with a Merrill Lynch investment professional. What Merrill Lynch did not disclose to you is that the only investments they would offer you through the Financial Advisory Center (or Call Center or FAC) are mutual funds and variable contracts (according to the NASD complaint filed March 15, 2006).

So, if bonds or equities would better suit your objectives, forget it, they would never be offered, unless you asked for it first. Why would Merrill Lynch do this? Simple: mutual funds and variable contracts often earn the firm several times more in commissions and fees than bonds or equities. And, all these extra fees, ultimately come out of one pocket, namely yours, thereby either reducing your return or increasing your losses.

A frequent tactic engaged at these Financial Advisory Centers or Call Centers was the improper switching of one mutual fund for another. Merrill Lynch brokers would tell clients there would be no commission charge for the switch -- when in reality there was. And, there may well have been other mutual funds in the family of funds which the investor already owned, that would have provided the same investment strategy, without having to incur additional sales charges.

In other words, these Merrill Lynch Financial Advisory Centers or Call Centers did not always act in the best interests of Merrill Lynch clients. Because it was Merrill Lynch and not some small brokerage firm that lacked the financial clout to fight the NASD, instead of entirely shutting down these Financial Advisory Centers, Merrill Lynch simply agreed to correct the problem without admitting or denying they did anything wrong.

The other most mentioned NASD violation committed by Merrill Lynch through its Financial Advisory Centers or Call Centers was selling Merrill Lynch proprietary products over investment products offered by Merrill Lynch’s competition, even if the competition’s products were better for the client than Merrill Lynch’s proprietary product. To get around NASD rules prohibiting the payment of higher commissions and bonus’s for selling proprietary products, Merrill Lynch Financial Advisory Centers held illegal sales contests, awarding non-cash compensation such as rock concert tickets, sporting events and dinners.

If you believe that you were harmed by a Merrill Lynch Financial Advisory Center or Call Center, contact our office and learn how you may be able to recover not only your losses, but possibly what you would have earned had your monies been properly invested. After 15 years in business and over 1100 arbitrations behind us, we offer knowledgeable and skilled advocates in the field of securities arbitration to fight on your behalf. Contact us now and learn how to recover your investment losses.

 International Management Associates, LLC
was just shut down by the SEC for Fraud

This management group ran a variety of hedge funds which have now been shut down.  The list of funds included in the SEC Civil Action include::

• International Management Associates, LLC;
• International Management Associates Advisory Group, LLC;
• International Management Associates Platinum Group, LLC;
• International Management Associates Emerald Fund, LLC;
• International Management Associates Taurus Fund, LLC;
• International Management Associates Growth & Income Fund, LLC;
• International Management Associates Sunset Fund, LLC;
• Platinum II Fund, LP; and
• Emerald II Fund, LP

If you lost money with with International Management Associates, LLC Hedge Fund(s), Contact us for a FREE Review of Your Investment Fraud Case.

Hedge Fund Manager for Global Money Management LP
Embezzles Millions from Investors

The SEC has frozen the remaining assets of Global Money Management LP, a La Jolla, CA based hedge fund with substantial connections to the San Francisco Bay Area.   Investors Recovery Service is already in the process of helping investor recover their losses. Learn how we can help your recover your losses from Hedge Fund Fraud.

We offer a FREE Review of your Investment Fraud or Stockbroker Misconduct Case

To initiate our review of your case, please click here.

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Investors Recovery Service  
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Phone: 415-382-7898  Toll-Free: 800-285-8507 Fax: 415-382-9421

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