INVESTMENT FRAUD ALERTS!
Breaking News for Investors
Did Schwab Yield Plus Cost You Money?
If you lost money in Schwab Yield
Plus, please call and find out how you may recover those losses. We
have spoken with several investors that were told by their Schwab
brokers, this was a "safe, secure investment".
The reality, nothing
could have been farther from the truth. Back in the early 90's we
dealt with a some what similar situation with the Dean Witter High
Yield Fund. It too was marketed directly to investors looking for
safety, when it should have sold to investors wanting to speculate.
Different culprits, different victims, same old same old.
Call us
today and we will show you how to
recoup your losses from Schwab Yield Plus.
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.
We can help you recover losses at
Monex Precious Metals
Here is the low down on how they operate. They tell the prospective
client that they are experts on gold and silver and about the wisdom of
investing. Then once the prospect becomes their customer, they either
leverage them to the max, and / or they switch them from gold or silver
to other commodities.
The leverage is usually 5 to 1 and with commissions and spreads often
times exceeding 5%, it is not difficult to trip a margin call. The
salesman are encouraged to be salesman, they are not experts, on gold or
any other commodity, but they are very good at separating the novice
investor from his capital.
If one were to contact a legitimate commodity firm they would pay
around $200 in commissions and no spread to own the equivalent of
$1,000,000 in gold. At Monex it's going to cost you $50,000 or more in
commissions and spreads. In other words, Gold, Silver whatever you
purchase would have to go up by that amount before you would break even.
It's not that you can't make money, its only that Monex costs are so
high, that it makes no sense to trade with them, but, their salesman
make little or no money if you don't trade. Therefore, sooner or later,
the costs of trading with Monex will eat up your principal.
Call us and learn how we can help you to recover Monex Losses.
Did you lose money at Mutual
Service Corporation?
Based on our recent findings, some
brokers / financial advisors at Mutual Service Corp. are among the most
poorly trained and ill equipped to handle customer accounts. Brokers are
permitted to take discretion without first obtaining written
authorization from their clients, engage in excessive trading,
fraudulently identify transactions as "unsolicited"
meaning it was the client's idea even though it was the broker's, and
there appears to be an overall lack of proper supervision.
If you believe that your trust was
violated by a broker associated with Mutual Service Corporation, please
contact us and learn how you can recover your investment losses.
If you purchased American Home
Mortgage through
RBC Dain Rauscher call us NOW.
Dain Rauscher sold various American Home
Mortgage securities that were improperly identified as AAA or AA-rated,
when in fact the securities were extraordinarily high risk and American
Home Mortgage was not an AAA rated company.
Because RBC Dain Rauscher represented
to its clients that this was a safe, highly rated investment, investors
that have sustained substantial loss may now recover these losses
through securities arbitration. Call today and find out how.
Call now for a no
cost consultation.
Investment loss recovery for
shareholders in
American Home Mortgage
If you lost a substantial amount of your savings in securities of
American Home Mortgage that were sold to you by an Investment
Professional, we may be able to help you recover these losses. If you lost money in the securities of Accredited Home Lenders, Fremont General, Impac
Mortgage, New Century, and Nova Star Financial we may also be able
to help you recover your investment losses.
Our staff includes securities industry professionals, experts,
and attorneys, with the knowledge and experience necessary to obtain
substantial awards in securities arbitration. Please
call us today
for a free consultation to find out if we can help you. No fee until
recovery plans available.
Did you lose money with
Warren Resources Oil & Gas Fund?
Investors were promised that after 7 years they would get their money
back , less distributions, worst case, so long as the price of oil
stayed above $13 per barrel.
That turned out to be false, and people that purchased these
programs are entitled to a full refund of their purchase price, plus
interest.
The seven year period just expired on the first fund (1999 fund). So,
if you are an investor in the Warren Resources Funds,
Contact Us for a
free evaluation of your stock loss case.
Enron Investors May Still be Able
to Recover Losses
If you were part of the Enron class action just recently dismissed
by the Federal Appeals court in the 5th district, call us NOW.
We may be able to prosecute your claim individually (not part of any
class action), obtain a significantly larger settlement or award than
possible via a class action, and accomplish this on an affordable, or
even entirely risk free basis.
On March 19, 2007 the 5th Circuit Court ruled that Enron shareholders
could not go after the investment banks that defrauded them. This is
consistent with the Merrill Lynch research class actions, because
essentially, the investment banks don't owe a duty to non-clients.
However, the investment banks do owe a duty to their
own clients, which is how we won or settled our research fraud cases.
There are four banks involved, Merrill Lynch, Credit Suisse, Royal Bank
of Canada and Toronto Dominion Bank. If an Enron shareholder was a
client of one of these four investment banks, we can sue that bank in
arbitration.
Call now for a no cost
consultation.
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. The reason why
the commissions are so high is that in a bull market the clients often
make money, but that is because they take small profits. When the
eventual big loss comes, the broker does not have big profits to offset
the big loss. That is why churning is a form of investment fraud that always ends up with the clients
losing. These brokers do the opposite of what they are supposed to do,
namely let your profits run and cut your losses short.
If you have suffered from this type of trading in your account, we
may be able to help you recover your losses. Please
contact us immediately for a free, confidential
consultation.
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?
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, even if you are not sure if investment fraud if
involved. Please call 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 a victim of
investment fraud by
Joseph Stevens & Co we can help recover your investment losses"
Call now for a no
cost consultation.
"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.
FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES OR
FOR A NO OBLIGATION CONSULTATION
CALL US TOLL FREE 800•285•8507 OR CLICK HERE
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