Tag: Chris Vernon

Regulators giving increased scrutiny to ETNs in wake of volatility

JPMorgan has announced that it has stopped issuing shares in its Alerian MLP exchange-traded note. Regulators at the Securities and Exchange Commission and the Financial Industry Regulatory Authority have already announced that they are giving increased scrutiny to the ways in which ETNs are sold to consumers, according to a report in Investment News. The regulatory interest came following the closure of another ETN. In that situation, Credit Suisse VelocityShares […]

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SEC exec recognizes some brokers don’t even understand all the products they’re selling

Financial conflicts of interest are rampant with both big and small broker-dealers. This results in broker-dealers selling products without adequate due diligence or even reckless or fraudulent due diligence.    This often leads to financial advisors selling products without adequate or accurate information and, at times, selling products they don’t even understand.  An SEC executive seems to now agree.   According to a story in Investment News today, Julius Leiman-Carbia, associate director […]

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Chris Vernon

CHRISTOPHER T. VERNON, ESQ.e-mail: cvernon@vernonhealy.com For more than 20 years, Christopher Vernon has advocated for the rights of investors throughout the United States—both in and out of the courtroom and arbitration hearing room. He has recovered millions for individual investors and groups of investors with significant losses, including punitive damages, attorney’s fees, and amounts in substantial excess of client losses. Mr. Vernon currently holds an AV rating by Martindale-Hubbell, which […]

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