CONTACT US FOR A FREE CONSULTATION
Blog & Investigations
Senator Urges Stronger Stockbroker Oversight by FINRA and the SEC
It appears that investors have a new advocate in Washington. Investment News (free subscription required) reports that Senator Edward J. Markey (D-MA), who won a special election to succeed Secretary of State John Kerry, is raising important questions with FINRA and the…
Lehman Structured Note Holders Should Act to Protect Their Legal Rights
Investors who purchased Lehman “structured notes” through UBS Financial Services should be aware that a settlement reached in a pending class action will affect their legal rights. Within the past few days, these investors should have received notice of the…
The Galbraith Law Firm Is Investigating UBS Financial Services of Puerto Rico on Behalf of Investors in Bond Funds
Our office is investigating UBS Financial Services Inc. of Puerto Rico over its sales of leveraged bond funds. Our investigation targets not only the sales practices of financial advisors but also the firm’s widespread sale of these proprietary funds, including…
The Galbraith Law Firm Cautions Investors about the Risks of Private Placements
The Galbraith Law Firm is tracking recent guidance issued by FINRA concerning the loss, disclosure and liquidity risks that are presented by so-called “private placements.” FINRA’s press release is below. A private placement is an investment offered to high-net-worth individuals…
FINRA Issues New Investor Alert: Private Placements—Evaluate the Risks Before Placing Them in Your Portfolio
WASHINGTON—The Financial Industry Regulatory Authority (FINRA) issued a new investor alert called Private Placements—Evaluate the Risks before Placing Them in Your Portfolio to caution investors that investing in private placements is risky and can tie up their money for a long time.…
FINRA Issues Guidance Regarding the Revised Suitability Rule that Governs Investment Recommendations to Customers
FINRA has issued Regulatory Notice 13-31 to provide guidance to brokerage firms, financial advisors and other securities industry employees regarding the revised “suitability” rule that became effective in July 2013. The suitability rule mandates that when brokerage firms and financial…