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FREE Review of Your Investment Fraud Case

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10 Warning Signs
you may have a Problem with your stockbroker, financial planner or investment advisor.

  1. You lose more money than you thought you were risking.

  2. Investment losses negatively impact your retirement or or lifestyle

  3. Your broker won't return your calls

  4. Your broker is good at telling you what to buy, but not what to sell

  5. You are losing money in an IRA or retirement account

  6. Your broker has more excuses than ideas

  7. Your broker suggests an annuity for your IRA account

  8. "Risk" is never part of the conversation

  9. Your broker says it's "safe", but your gut says differently

  10. Your "investment professional" loses a lifetime of your savings

Click here for a
FREE CASE REVIEW

 

Additional Cases we are Either Investigating or Filing Claims On

AMF Funds

Auction-Rate Securities

 Barclays Funds

Bear Stearns Hedge Funds

Blue River Asset Management

 Bank of America - Strategic Cash Portfolio

Carlyle Capital

ABS & CDO Investment Losses

Schwab Yield Plus

Citigroup

Commonfund

Evergreen Class Action

Fannie Mae & Freddie Mac

Fidelity

First Trust Funds

Hedge Fund Problems

IMH Secured Loan Fund

Jefferson County

 Lehman - Principal Protected Notes

Market Update

Merrill Lynch

Merrill Lynch Auction Rate Securities

Money Market & Short Term Investment Losses

Morgan Keegan Bond Funds

Oppenheimer Auction Rate Securities

OppenheimerFunds

Other Bond Funds

Peloton Partners

Pension Funds

Pimco - High Income Fund

State Street Bond Funds

Structured Investment Products

Reserve Yield Plus Fund TD Ameritrade

UBS

UBS Auction-Rate Securities

Wachovia AG Edwards Auction-Rate Securities

Wells Fargo Auction-Rate Securities

INVESTMENT FRAUD ALERTS!
Breaking News for Investors

Did you Buy the UBS Willow Fund?

The problems associated with the UBS Willow Fund are discussed in a March 30, 2013 New York Times article entitled “If A Fund Turns On A Dime, Watch Your Dollars,” by Gretchen Morgenson.

The  Willow Fund was deviating into a strategy of CDS  (credit default swaps) speculation on the government debt of Spain or Greece.  It was a speculative investment and should only have been recommended to investors whose risk tolerance was identified as speculative and could afford the possibility of a total loss of their investment.

There are three tests to determine whether or not an investment recommendation was suitable  at the time it was made:
Number 1 is did the customer understand the risk?
Number 2, did the customer want to take the risk? and
Number 3, could the customer afford the risk?

Each of these three criteria must be in the affirmative in order to determine whether or not the investment recommendation was suitable.  Based on the above, if you believe that the recommendation to purchase Willow Fund in your account(s) was unsuitable, please contact our office in order that we may assist you in  determining whether or not an  investment loss recovery action would be appropriate for you to initiate. 


Attention IMH Secured Loan Fund customers:
Did you lose money in the IMH Secured Loan Fund?  

Were You Told:

  • That the fund was safe?
  • That you could get at your principal, on demand, with 60 days notice?
  • That you would receive a 10-11% return?
  • And that IMH was dedicated to protecting your investment?

If so, please call us and learn how you may recover up to 100% of your principal through securities arbitration.


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!


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.


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.)


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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 FOR A NO OBLIGATION CONSULTATION
 CALL US TOLL FREE 800•285•8507 OR CLICK HERE

Investors Recovery Service
is not a law firm


Investors Recovery Service
 
2 Commercial Blvd. Suite 203 Novato, California 94949

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

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