Tag: Vernon Litigation

Two Main Categories of Risk

In this installment of our ongoing weekly video series, Chris Vernon talks briefly on the two main categories of risk;  1. Blind Risk and 2. Calculated Risk. We unfortunately and often see more and more people taking blind risks when investing due to a promised high return on investment. In order to minimize risk, do your due diligence to structure your investment, find out more here:  

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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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States’ financial stress may put pressure on municipal bonds

At Vernon Litigation, we are concerned that States in distress – such as California – will push their problems down to the local level, which will in turn put tremendous stress on municipal bonds issued by municipalities within those states. If California’s current effort to convince its constituency to accept a tax hike to help the state get out from underneath a $15.7 billion deficit fails, then the next steps […]

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FINRA sides with Apple non-traded REIT investor and against David Lerner

A Financial Industry Regulatory Authority panel sided for the investor against David Lerner Associates Inc. in the first case involving Apple REITs to go to a hearing. The FINRA panel ordered David Lerner to pay full compensatory damages of $24,450 to the investors and reimburse the investors for the filing cost. The panel did not award punitive damages, costs or attorneys fees in the claim filed by attorney Keith Griffin. […]

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