INVESTMENT FRAUD ALERTS!
Breaking News for Investors
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 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.
Please
Click Here for a full page of detailed information on the
Schwab YieldPlus Funds
Loss Recovery
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??
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.
Landwin
Cleared
In the attempt to achieve our stated objective to
provide professional and affordable representation for investors and
to determine if they have grounds for a claim, we have sought and
received information from Meesrs. Martin Landis and Sean Dennison
(Principals of the co-managers of Landwin Management, LLC, and
Landwin Partners Fund 1, LLC) as well as having been given full
access to the property management and financial controlling staff of
both entities. We have also been offered the documents that were
provided to members since the formation of both entities, including
financial statements.
Based on these financial statements, it is now clear to
us that in fact no inflated salaries or fees were ever paid to the
managers or any party, nor were any monies spent inappropriately to
refurnish offices or pay unnecessary consultants. It does not appear the
entities have been mismanaged or involved in misrepresentation. On the
contrary, in a time of great financial turmoil and distrust towards
investment professionals, Landwin Management, LLC was actually quick to
provide all necessary documentation to disprove an investor's
allegations and remained professional throughout our investigation.
"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.
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!
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
Investors Recovery Service is not a law firm |
