by wittenberglaw | Aug 8, 2011 | Uncategorized
The article below discusses recent lawsuits filed against Wells Fargo and Fannie Mae for refusing to abide by contract terms and allow heirs to purchase property at the appraised value rather than the mortgage balance. If you have any concerns about your reverse...
by wittenberglaw | Jul 27, 2011 | Uncategorized
The SEC charged Sam Otto Folin (“Folin”), Benchmark Asset Managers LLC (“Benchmark”) and Benchmark’s parent company, Harvest Managers LLC (“Harvest”), with misappropriating approximately $8.7 million from advisory clients, friends and family through material...
by wittenberglaw | Jul 18, 2011 | Uncategorized
According to CBSSports.com, several prominent college basketball coaches may have been defrauded by a Houston-area investment adviser who was found dead over the weekend. This sounds like yet another example of an affinity scam — basketball coaches investing...
by wittenberglaw | Jul 15, 2011 | Uncategorized
The case against Morgan Keegan centered around sales materials that contained exaggerated claims and failed to disclose risks, and supervisory system failures. In addition to the case brought by the regulators, investors brought a series of lawsuits against Regions...
by wittenberglaw | Jul 13, 2011 | Uncategorized
On July 12, 2011, the Securities and Exchange Commission (SEC) issued an order that raises, to adjust for inflation, two of the thresholds that determine whether an investment adviser can charge its clients performance fees. The order carries out a requirement of the...
by wittenberglaw | Jul 8, 2011 | Uncategorized
While the Securities and Exchange Commission (SEC) is making great strides in its effort to improve its ability to protect investors, it has once again demonstrated that it cannot be relied upon as a infallible cop on the beat. The latest scandel involves one of its...
