Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in July, 2010

The Financial Industry Regulatory Authority (FINRA) is extending its Public Arbitrator Pilot Program for an additional year. The program gives the investor the option of electing to have a panel ... Continue reading "FINRA Extends Public Arbitrator Pilot Program for Another Year" »
The Securities and Exchange Commission (SEC) recently approved the proposed changes to the Financial Industry Regulatory Authority (FINRA) rules to increase the number of arbitrators on each list ... Continue reading "SEC Approves FINRA Rule Change Expanding Arbitrator Selection Lists" »
According to Santa Clara prosecutors, a San Jose man has pleaded guilty to operating a real estate investment scheme that ended up costing investors approximately $1.6 million. On Thursday, July 1, ... Continue reading "Real Estate Investment Scheme Costs Investors $1.6 Million" »
President Barack Obama today will sign into law the Wall Street Reform and Consumer Protection Act. The final legislation was approved by the Senate last week by a vote of 60 to 39, ending an over ... Continue reading "Wall Street Reform is Finally Here! Obama to Sign Bill Today" »
The Financial Industry Regulatory Authority (FINRA) has announced changes to its free, online BrokerCheck service. BrokerCheck is designed to offer investors access to information about brokers and ... Continue reading "FINRA to Offer More on Information Available Through BrokerCheck" »
Raymond Thomas pled guilty last Tuesday to one count of mail fraud and one count of falsifying a tax return, according to a July 7 The News-Herald article. The U.S. District Court in Cleveland had ... Continue reading "Investment Fraud in Cleveland: Thomas Pleads Guilty" »
The Financial Industry Regulatory Authority (FINRA) has released its 2009 annual report concerning disciplinary actions brought forth by the organization. The report highlights the lessons learned ... Continue reading "FINRA Releases Its Year in Review for 2009" »
The Financial Industry Regulatory Authority ( FINRA ) recently issued an “Investor Alert” to warn of high-yield investment programs (HYIPs). HYIPs are Internet-based Ponzi schemes ... Continue reading "High Yield Investment Programs (HYIPs): Ponzi Schemes in the Internet Age" »
An alleged Ponzi scheme involving approximately $1.2 billion leads to ex-Florida lawyer Scott Rothstein receiving a prison sentence of 50 years. Mr. Rothstein was convicted of five felonies that ... Continue reading "Ex-Florida Lawyer Receives 50-Year Prison Sentence for Ponzi Scheme" »
An equity-indexed annuity is a contract between an investor and an insurance company in which the investor agrees to make payments to the insurance company throughout a set accumulation period and the ... Continue reading "Problems with Equity-Indexed Annuities Won't Be Fixed by the SEC" »
Several agencies unsealed an indictment filed against numerous Florida mortgage brokers and attorneys for their involvement in an investment scam. The defendants who are alleged to have been involved ... Continue reading "Florida Mortgage Brokers and Attorneys Indicted for Investment Fraud" »
A South Florida man has been charged in a Ponzi scheme after taking $40 million from unsuspecting investors. On Wednesday, June 2, 2010, federal authorities charged 38-year-old Luis Felipe Perez in ... Continue reading "Ponzi Scheme Involving $40 Mill Leaves South Florida Man Facing Charge" »
12b-1 fees are distribution and/or service fees that are considered an annual marketing expense of a mutual fund. The fees, normally 0.25-1% of a fund's net assets, are named after the 1980 SEC ... Continue reading "The Hard to Understand "12b-1" Fees May be Overhauled" »
Recently, many companies have begun to offer variable annuities as subaccounts in their company retirement plans. Variable annuities are contracts between a purchaser and an insurance company. ... Continue reading "Variable Annuities Are Problematic as Part of Retirement Plans" »
A target-date fund is a mutual fund that automatically adjusts the portfolio's mix of stocks, bonds, and cash equivalents according to a selected time frame chosen by the investor. The name of the ... Continue reading "SEC Attempts to Address Problems with Target-Date Mutual Funds" »
Numerous financial companies have been asked how they market “principal-protected” notes, which follows the collapse of Lehman Brothers Holdings Inc. When Lehman Brothers went bankrupt in ... Continue reading "SEC Looks into the Marketing of "Principal-Protected" Notes" »
The Securities and Exchange Commission (SEC) announced that investment fraud charges have been filed in a Chicago federal court against a Virgin Islands money manger. The charges were brought against ... Continue reading "VI Money Manager Accused of Investment Fraud in Ponzi Scheme" »

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