Posts Tagged "Shareholder Losses"

JPMorgan Chase Brokers Favoring Bank’s Own Funds

Posted by on Jul 8, 2012 in News, Securities Arbitration | 0 comments

The NY Times published a report this week that suggest that JPMorgan Chase used its brokers to sell its own financial products even though there were better performing or cheaper options available to their customers.  In the case of at least one offering, the bank exaggerated the returns of what it was selling in its marketing material. Apparently, the bank encouraged these types of investments to improve its own financial situation at the expense of its customers.  By encouraging investments in its own funds and products, the bank secured a stable source of funds which contributed fees to...

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Investment Adviser Fees

Posted by on Jun 25, 2012 in Estate Planning, Federal Taxes, Securities Arbitration | 0 comments

Below is a link to an interesting article about whether investment management fees are deductible.  We are seeing a number of clients come to our office that have entered into management agreements for their investment accounts without ever considering the true costs of those agreements.  Some simply assume that the costs they are paying would be deductible off of their taxes and are later surprised by the fact that they have earned to much money for that to be so. Are Investment Management Fees Tax Deductible? This serves as yet another reminder of the fact that investors should thoroughly...

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Investment News: Three Elderly Clients Kidnap Investment Advisor

Posted by on May 30, 2012 in Securities Arbitration | 0 comments

Investment News has an interesting article about how three elderly clients kidnapped their investment adviser, held him hostage and beat him while apparently trying to get their money back.  According to the article the trio had lost some $3.6 billion in real estate investments. Click the headline to read the entire article:  Elderly clients convicted of kidnapping, beating adviser The securities arbitration lawyers at Penzien & McBride, PLLC certainly do not suggest that investors go to such length to get their money back.  If you have lost money because of your investment adviser...

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SEC Investor Bulletin: How to Read an 8-K

Posted by on May 27, 2012 in Securities Arbitration | 0 comments

The SEC has issued and investor bulletin about how to read an 8-k report.  An 8-k is often used by public corporations to disclose material information about current issues.  The bulletin itself provides a general list of items that need to be disclosed to the investing public when they occur.  As an investor it is important to understand how this information is put out to the public by corporations in which an investor may be either invested or considering an investment.  By understanding how this information is published and where to look for information, investing becomes more than...

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SEC Investor Bulletin: Trading Suspension

Posted by on May 20, 2012 in News, Securities Arbitration | 0 comments

The SEC issued a new Investor Bulletin which provides a detailed explanation of the procedures employed in suspending the trading of a stock.  It is important for an informed investor to understand the rules which apply to the trading of stocks especially when participating in transactions which might involve what would be described as marginal companies.  An informed investor would certainly want to understand the risks associated with such companies and the possibility that the trade of those companies might be suspended.  If your stock broker of investment adviser has recommended such a...

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