Articles
Financial fraud is more than a financial crime; Its victims experience non-financial costs.
The Financial Fraud Research Center just released a study on fraud and the impact on victims of fraud. According to this study, tens of millions of adults fall victim to fraud, losing tens of billions of dollars annually. Estimates vary depending on what types of...
FINRA Files Cease-and-Desist Order Against WR Rice Financial Services and its Owner Joel Wilson for Fraudulent Conduct
FINRA Files Cease-and-Desist Order Against WR Rice Financial Services and its Owner Joel Wilson for Fraudulent Conduct FINRA Also Issues Complaint Charging Wilson and WR Rice Financial With Fraudulent Sales of Limited Partnerships Wilson Controlled WASHINGTON — The...
Merrill Lynch Ordered to Pay $1.33 Million for Pushing High-Risk Securities on Retirees
A FINRA arbitration panel held Merrill Lynch liable in the amount of $1,336,463 for misconduct regarding the sale of securities to a retired couple. In July 2008, broker Miles Pure recommended that his customers, Mr. and Mrs. Billings, invest in Fannie Mae bonds and...
Yet Another Tale of a System Lacking Integrity Due to SEC Corruption
Below is an article published by Bloomberg and authored by journalist William Cohan. This is another tale of a system that lacks integrity because the government agency tasked with protecting investors spends much of its time pandering to the big banks it is supposed...
The Anatomy of Defense Lawyers’ Discovery Abuse – Greenberg Traurig Sanctioned for “Negligence” (At Least)
On August 3, 2012, United States District Judge Marcia D. Cooke was courageous enough to sanction Greenberg Traurig and its client TD Bank, N.A. for what she called a "pattern of discovery abuses." A review of Judge Cooke's opinion illustrates a case study on certain...
Inquiring Minds Want to Know: Recent Study Reveals Average NY Law Firm Hourly Rates
In case you were wondering, Valeo Halftime Report from Valeo Partners, a Washington, D.C.-based consulting firm that searches public documents to find hourly rates and fees, just released its findings. Those findings are as follows: Hourly billing rates for associates...
Super Lawyers Selects Jeffrey Wittenberg as a Rising Star
Wittenberg Law is pleased to announce that Super Lawyers has selected Jeffrey Wittenberg as a 2012 Rising Star. According to Super Lawyers, no more than 2.5 percent of the lawyers in California are named to the list. Lawyers are asked to nominate the best attorneys...
Former SEC Inspector General Accused of Misconduct & Conflicts of Interest
Bloomberg reported today that the Securities and Exchange Commission (SEC) Inspector General H. David Kotz was accused by another SEC employee of misconduct during investigations of fraud by the SEC. According to Bloomberg, Chairman Mary Schapiro and Commissioner...
Did you invest in VelocityShares 2x Long VIX Short Term Exchange notes?
As reported in the Wall Street Journal, the Massachusetts's securities regulator and the U.S. Securities and Exchange Commission (SEC) are (independently) investigating an exchange-traded note (ETN) managed by Credit Suisse Group that has lost 60% of its value in the...
Legal Services
Securities Fraud Litigation Securities Class Action Litigation Investment Adviser/ Broker Misconduct Broker-Dealer-Employ- ment Disputes Whistleblowers "Finders"/"Solicitors" Institutional Investors Individual Investors Retirees/Seniors/ Caregivers Investment...