Securities Law | Law Firm Newswire

Fort Lauderdale, FL (Law Firm Newswire) August 19, 2019 – GPB Capital Holdings is at the center of a government investigation, facing claims the company is nothing more than an elaborate Ponzi scheme. In 2013, GPB Capital Holdings was formed, with a focus on returning high single-digit returns to investors through purchasing auto dealerships and waste management companies. GPB sold directly to investors but also enlisted the help of 60-some broker-dealers. GPB offered these broker-dealers lucrative commissions, up to nine percent of the total value of the investment. In its early years, GPB Capital Holdings was a hit, both with […]


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Fort Lauderdale, FL (Law Firm Newswire) June 19, 2019 – The Wolper Law Firm is currently investigating potential claims against various brokerage firms that received a total of $100 million in commissions by recommending their clients invest in private placement securities issued by GPB Capital Holdings. GPB Capital Holdings, LLC is a New York based alternative asset management firm that started in 2013. Initially, the company accepted investments from 4,000 investors, receiving hundreds of millions of dollars in capital. In addition, GPB Capital Holdings encouraged brokerage houses to recommend its products by offering lucrative commissions, up to nearly 8 percent […]


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Fort Lauderdale, FL (Law Firm Newswire) June 14, 2019 – Wolper Law Firm, P.A. announces that it is investigating brokerage firm Buckman, Buckman & Reid regarding its investment sales practices with retail customers. Buckman, Buckman & Reid is a brokerage firm founded in 1988 by H. John Buckman and John Reid. It is based in New Jersey but has branch offices nationwide. Since becoming a registered broker-dealer and member of the Financial Industry Regulatory Authority (“FINRA”), Buckman, Buckman & Reid has had sixteen (16) regulatory disclosures reported on its permanent record maintained by the Central Registration Depository (“CRD”). Among the […]


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Houston, TX (Law Firm Newswire) May 17, 2019 – In a spirited discussion on MSNBC’s Velshi & Ruhle program on May 15, 2019, Tom Ajamie discussed how President Trump’s tweets drive the financial markets and the potential legal jeopardy for Trump and people in his inner circle. “Look, he can move markets,” said Ajamie. “He is the most powerful man in the world, and everyone listens to how he speaks,” he said. Tom went on to say that the president does have some immunity, but also questioned the extent to which family members and business associates may be implicated for […]


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Fort Lauderdale, FL (Law Firm Newswire) May 9, 2019 – A margin loan refers to money that an investor borrows from a brokerage firm. The margin loan is collateralized by the assets held in the customer’s investment account (i.e., securities). Customers are generally free to use the margin loan to buy additional securities or to withdraw the funds from the account to meet personal expenses. Brokerage firms will issue a margin call if the value of the collateral assets supporting the margin loan falls below the maintenance requirement. Put another way, if the collateral declines, the brokerage firm expects that […]


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Fort Lauderdale, FL (Law Firm Newswire) February 14, 2019 – It is very important for the general public to obtain accurate information about the financial advisors who help them to manage their assets and wealth. Yet, the Financial Industry Regulatory Authority (FINRA) makes it difficult for reputable and honest brokers to ensure only accurate information appears on FINRA’s Central Registration Depository (CRD) and BrokerCheck websites. BrokerCheck and CRD are free databases that the general public can use to look up information on financial brokers. While those sites provide an invaluable service by informing the public on broker activities, they often […]


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Houston, TX (Law Firm Newswire) November 2, 2018 – U.S. News & World Report and Best Lawyers have collaboratively released their “Best Law Firms” rankings for 2019, recognizing Ajamie LLP as a Best Law Firm in the areas of Commercial Litigation and Corporate Law. The ninth edition of Best Law Firms features law firms given consistently impressive performance ratings by clients and peers. Achieving a high ranking is a special distinction that signals a unique combination of excellence and breadth of expertise. The rankings, presented in tiers, showcase more than 14,000 law firms ranked nationally or by metropolitan region. Firms […]


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Houston, TX (Law Firm Newswire) November 2, 2018 – On October 27th, Unlikely Heroes held its 6th Annual Recognizing Heroes awards dinner and gala, honoring Ajamie LLP’s Ryan van Steenis with a Legacy Award for his outstanding contributions to the organization as a member of its Board of Directors. The sold-out charity benefit was held at the Dallas Ritz-Carlton, and featured a live performance by multi-platinum, country music superstar, Sara Evans, a silent auction and an exclusive VIP celebrity meet-and-greet. In presenting its Legacy Award to Mr. van Steenis, Unlikely Heroes issued the following statement: “Without complaint, [Ryan] has tirelessly […]


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Fort Lauderdale, FL (Law Firm Newswire) September 21, 2018 – Investor advocates at The Wolper Law Firm identify the top 12 danger areas for broker fraud and advise on how to protect against broker malfeasance. With the Dow Jones Industrial Average comfortably above 25,000 and U.S. investors riding the longest bull market in this country’s history, the topic of broker fraud is likely far from most investors’ minds. That could be a mistake, according to Matt Wolper, an investor advocate and principal attorney at The Wolper Law Firm in Plantation, Florida. “Bull markets and swelling portfolios can paper over a […]


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Fort Lauderdale, FL (Law Firm Newswire) August 31, 2018 – Wolper Law Firm, P.A., which has a national securities litigation practice, announces that it is investigating claims involving Future Income Payments, LLC. According to Future Income Payments, LLC’s website, it claims to be “the industry leader and an innovator in buying and selling secondary market pension cash flows, often referred to as structured cash flows. In reality, Future Income Payments, LLC was not a flourishing business entity but rather a $100 million scam operated out of a Nevada strip mall. At least nine states have issued cease and desist orders, […]


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Bona Law attorney Aaron Gott criticized a proposal in the U.S. Senate to give immunity to professional licensing boards in a blog post Tuesday, August 23, arguing that the bill would do little to reform overburdensome state occupational licensing laws while taking away the most effective tool for curbing anticompetitive abuses by boards. La Jolla, CA (Law Firm Newswire) August 30, 2017 – The Restoring Board Immunity Act of 2017, proposed earlier this month by Senators Mike Lee, Ted Cruz, and Benjamin Sasse, would give antitrust immunity to all boards of a state if the state (1) commissions a study […]


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New York, NY (Law Firm Newswire) July 25, 2017 – Zamansky LLC announces that it is investigating OANDA Corp. (“OANDA”) on behalf of its foreign exchange trading customers. OANDA is one of the largest online foreign exchange trading platforms in the United States. It offers anyone the ability to trade foreign exchange (“Forex”) contracts which usually trade among banks and large institutions in the major interbank system. For years, OANDA has advertised that it allegedly offers “low spreads,” “competitive spreads” and “transparent” pricing with no hidden fees. As a result of its advertising, OANDA has become one the largest online […]


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San Francisco, CA (Law Firm Newswire) March 29, 2017 – Bigger Law Firm magazine is now available for download on Amazon Kindle as a user-friendly ebook. For just $0.99, readers can download BLF issues directly to their e-reader, iPad, phone or other mobile reading device using the Kindle app, and enjoy reading BLF on the go. The magazine, formatted specifically for Amazon Kindle, offers a user-friendly experience that allows readers to interact with each issue with ease. How Lawyers Can Use Artificial Intelligence and Machine Learning: Bigger Law Firm Magazine Volume 44 is the first BLF issue to be published […]


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San Francisco, CA (Law Firm Newswire) November 2, 2016 – The latest issue of the Bigger Law Firm magazine offers expert insight and advice for law firms who wish to secure their information, improve their website, streamline communication and brand assets, and boost their online marketing to gain more clients. Dipal Parmar’s feature article reveals how law firms can create a YouTube remarketing campaign that targets the people most likely to become future clients. With video being one of the most popular platforms for user engagement and online sharing, video advertising paired with remarketing can generate real engagement and reach […]


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New York, NY (Law Firm Newswire) August 10, 2016 – The Legal 500 USA, a leading legal ranking and referral guide, has again recognized Jeffrey Haber, founder of the Law Office of Jeffrey M. Haber, for his work as a plaintiff’s attorney in securities litigation. Mr. Haber was identified in the 2016 edition as a “recommended” lawyer in the “Dispute Resolution: Securities Litigation – Plaintiff” category. Mr. Haber was also “recommended” in the 2011–2012 and 2014–2015 editions of The Legal 500 USA. The Legal 500 is an independent guide that ranks law firms and individual lawyers around the world. It […]


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New York, NY (Law Firm Newswire) February 04, 2016 – Zamansky LLC announces that it is investigating the Ivy Asset Strategy Fund and the Waddell and Reed Asset Strategy Fund for potential breaches of fiduciary duties to shareholders. The Ivy Asset Strategy Fund and the Waddell & Reed Asset Strategy Fund are total return mutual funds registered under the Investment Company Act of 1940. Both funds are managed by subsidiaries of Waddell & Reed Financial Inc., a public company with over $71 billion under management. The Funds’ symbols are Ivy Asset Strategy: WASAX, WASBX and WASCX; and Waddell & Reed […]


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New York, NY (Law Firm Newswire) January 19, 2016 – Zamansky LLC announces that it is investigating the Waddell and Reed’s Ivy High Income Fund for excessive risk and lack of disclosure. The Ivy High Income Fund is a high yield debt mutual fund that is registered under the Investment Company Act of 1940. It is managed by a subsidiary of Waddell & Reed Financial Inc., a public company with over $71 billion under management, and has retail and institutional share classes (Fund symbols: WHIAX, WHIBX and WRHIX). On December 15, 2015, Bloomberg News reported that Waddell & Reed Financial […]


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New York, NY (Law Firm Newswire) January 19, 2016 – Zamansky LLC announces that it is investigating various high yield bond funds listed below for potential securities law suitability violations. Since 2009, many investors, particularly retirees or those seeking income, have invested in high yield bond and income mutual funds on the advice of their broker or financial advisor. These high yield funds were sold as secure, high quality income-generating investments that had modest risk. In truth, high yield bond and income mutual funds can be high risk and speculative due to their concentration in unrated or below investment grade-rated […]


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New York, New York: Zamansky LLC announces that it is investigating the Third Avenue Focused Credit Institutional Fund (TFCIX) and Investor Fund (TFCVX) for potential securities fraud violations. The Third Avenue Focused Credit Fund is a high yield and distressed debt mutual fund that is registered under the Investment Company Act of 1940. It is managed by Third Avenue Management LLC, headquartered in New York, New York, and has both retail and institutional share classes. On December 9, 2015, shareholders in the Third Avenue Focused Credit Fund received a letter notifying them that the Board of Trustees had decided to […]


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New York, New York (Law Firm Newswire) December 11, 2015 – Zamansky LLC announces that it is investigating investor losses from oil, gas and energy stocks, master limited partnerships (“MLPs”) and funds, including those listed below. Over the last year, these investments have fallen 50% and more, and many are cutting their distributions to investors so that they are no longer high-yield, income investments. Many income-seeking investors, particularly retirees, were advised by their brokers and financial advisors to invest in these stocks and funds because there were supposedly safe and secure income-generating investments, similar to bonds, with modest risk. Many […]


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