Category: protecting investors

Beware of Stock Brokers Selling Away from Brokerage Firm

Mar 13, 2019 / protecting investors

Selling away is a practice engaged in by unethical “financial professionals” that involves the recommendation of investment away from the brokerage firm where the “financial professional” is registered. This is an unethical practice and often leads to investors losing their entire investment. Recently, Vernon Litigation Group has seen an uptick in the unethical practice of Selling Away. Similarly, the primary regulator for brokerage firms, FINRA, seems to be catching more […]

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Big Banks Profit By Selling and Trading Commodities

Mar 7, 2019 / protecting investors

Big Banks such as Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, UBS, and others are making a lot of money for themselves on commodities trading and selling commodities related products. Specifically, “commodities-related revenue at the 12 biggest investment banks climbed 45 percent last year despite weak oil trading, boosted by power, gas and base metals markets” according to a recent industry article.  What this means is that these […]

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Assignments of Benefits Exploit Vulnerable Floridians

Feb 20, 2019 / Hurricane Irma

Floridians are being ripped off by unethical contractors who recommend assignments of benefits (AOB’s) to begin working on homes impacted by major disasters. An assignment of benefits (AOB) is a much abused, but legally-binding document in which a homeowner assigns the right to collect insurance benefits to a contractor. Although AOBs have a proper place in the contracting world (because they can be a convenient way for homeowners to pay […]

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Structured Notes Issued by Deutsche Bank are Actually Unsecured Loans to a Troubled Foreign Institution

Jan 30, 2019 / protecting investors

Here is yet another recent article chronicling the massive problems at Deutsche Bank. Sadly, the Deutsche Bank story appears to be the ‘all too common’ story of possible investigations of unethical and possibly illegal practices by a large financial institution. Massive Repayment Risk to Retail Investors While we have concerns for the world economy should Deutsche Bank’s fortunes continue in the wrong direction, our current focus is on the massive […]

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