Can I Sue My Stockbroker? Well, yes and no. The question is more appropriately “How do I sue my stockbroker?” or “Where can I sue my stockbroker?” As I will explain shortly, the common denominator to all of these answers is that investors can (and should) seek recovery when their…
Stockbroker Fraud and Investment Fraud: How Is It Discovered? It should go without saying that it is rare that a stockbroker ever confesses to making unsuitable recommendations, 2111, churning an account or 2330to generate commissions, pushing variable annuities, or telling the client that they didn’t have the authority to trade…
Might Just Be A Stockbroker’s 3270 And That Could Mean You Get Your Money Back. We have seen a rise in PONZI schemes since the market dropped, but will they keep going with a strong market? A PONZI scheme is essentially when a con man robs Peter to pay Paul…
Deep Behind the Pine Curtain In Uncertain, Texas, a once favored son from Tyler, Texas, Richie McFarland’s luck has run out. Last week, Richie pleaded guilty to mail fraud before U.S. District Judge T. John Ward, and was sentenced to 8 years and 1 month in the federal system, plus…
Do brokerage firms knowingly turn a blind eye and a deaf ear to the Ponzi schemes recommended by their brokers, or are there instances where brokers really are successful in hiding these schemes from even the most vigilant financial firms? Not surprisingly, the answer is “yes” to both questions. However,…