by Mike | May 24, 2013 | Securities Fraud
A recent article in Investment News reports that effective May 15, Charles Schwab Corp. will temporarily modify account agreements to eliminate language that prevents customers from filing class-action lawsuits. The company said that while it believes dispute...
by Mike | Apr 27, 2013 | Securities Fraud
A recent article in Investment News reports that state securities regulators are trying to build support among lawmakers on Capitol Hill to restrict or end the use of mandatory arbitration clauses in client contracts with brokers. In meetings with more than 40...
by Mike | Mar 26, 2013 | Securities Fraud
In a recent investor alert, the Securities and Exchange Commission warned that it has found significant deficiencies in the way investment advisers are handling the custody of client assets. The SEC revealed that their recent examinations unearthed custody-related...
by Mike | Mar 26, 2013 | Securities Fraud
A recent verdict entered against a transportation broker for negligent hiring should motivate companies to revisit their own company policies regarding the qualification and selection of motor carriers. In 2012, an Oregon jury awarded several million dollars to the...
by Mike | Mar 26, 2013 | Securities Fraud
A Financial Industry Regulatory Authority Inc. hearing panel dismissed two of three counts FINRA brought against Charles Schwab Corp. a year ago in a case involving Schwab’s pre-dispute arbitration agreements. According to the panel, the language used in...
by Mike | Mar 26, 2013 | Securities Fraud
Retirement savers across the U.S. are experiencing steep losses of their investments made in complex financial products that until a few years ago were sold only to the most sophisticated investors. The victims are among the millions of Americans whose stock...
