Multi-Million Dollar Claim Relating To Miller Energy And Other Energy Investments Filed Today By Vernon Litigation Group And Attorney Kristian Kraszewski

Mar 22, 2017 / Press Releases

NAPLES, Fla., March 22, 2017 /PRNewswire/ — The Law Firm of Vernon Litigation Group and Attorney Kristian P. Kraszewski have joined forces to file a multi-million FINRA arbitration claim today by a Revocable Trust against both Oppenheimer & Co., Inc. and Cetera Advisors, LLC. One of the Trustees is a 93-year-old veteran fighter pilot from World War II who currently suffers from Parkinson’s Disease as well as other health issues. The trustees […]

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Improper Use of Unwarranted Disclosures in Regulatory Report of Financial Advisors to benefit Broker/Dealer

Mar 17, 2017 / Financial Advisors

In recent years, the Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”) have revamped their efforts in making easier for investors to access the advisors’ regulatory reports (through the CRD of the IARD systems). To further promote disclosure of wrongdoing by Financial Advisors, FINRA and the SEC have also taken action to encourage Broker/Dealers to disclose any financial advisor wrongdoing. We applaud the efforts of the […]

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Are Fiduciaries Really Fiduciaries in the Financial Industry

Feb 22, 2017 / Resources

Last Friday, the Wall Street Journal’s Jason Zweig wrote a timely article on the fact that many “fiduciaries” in the financial industry are not really acting as fiduciaries, meaning not acting in the best interest of their clients despite the claim they do so, which you can read here. Zweig, in his column, defines fiduciary as “someone who must put your interests ahead of his or her own. That means […]

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Recent FINRA Sanctions Against Merrill Lynch May be Just the Beginning

Feb 15, 2017 / FINRA

The Financial Industry Regulatory Authority (FINRA) recently announced a small fine against Merrill Lynch, Pierce, Fenner & Smith Inc. (Merrill Lynch) relating to the recommendation of leverage to clients. In reality, FINRA has only scratched the surface of a monumental problem in the retail securities industry that will likely lead to devastating results for clients of Wall Street firms when interest rates rise, and the markets turn bearish as part […]

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