http://www.stockbrokerfraudblog.com/ Published by Shepherd Smith Edwards & Kantas en-us 2010-03-11T21:32:01-06:00 http://www.stockbrokerfraudblog.com/2010/03/stifel_nicolaus_and_co_to_pay.html Stifel, Nicolaus and Co. Inc. has reached an agreement with Missouri Secretary of State Robin Carnahan over the broker fraud committed by former Stifel securities broker Girard Munsch. As part of the deal, the three Missouri investors will get back... Broker Fraud stockbrokerfraudblog-1 2010-03-11T21:32:01-06:00 http://www.stockbrokerfraudblog.com/2010/03/americas_prophet_psychic_accus_1.html According to the US Securities and Exchange Commission, Sean David Morton has bilked more than 100 investors of over six million dollars as the mastermind of an alleged offering fraud scheme. The man who calls himself “America’s Prophet” never professed... Investor Fraud stockbrokerfraudblog-1 2010-03-10T12:13:33-06:00 http://www.stockbrokerfraudblog.com/2010/03/securities_fraud_law_firm_shep_2.html Affinity fraud involves investment schemes that target specific groups, such as the elderly, those belonging to identifiable ethnic or religious communities or members of professional groups. Fraudsters seek to gain the trust of members of the group by either belonging... Affinity Fraud stockbrokerfraudblog-1 2010-03-08T23:09:19-06:00 http://www.stockbrokerfraudblog.com/2010/03/oppenheimer_holdings_inc_settl_1.html Oppenheimer Holdings Inc. has settled a securities fraud-related administrative complaint filed against it by the state of Massachusetts for auction-rate securities sales to local residents. The broker-dealer will redeem 60 of the accounts with ARS. The other 10 accounts will... Auction-Rate Securities stockbrokerfraudblog-1 2010-03-05T00:44:59-06:00 http://www.stockbrokerfraudblog.com/2010/03/citigroup_ordered_to_defend_ag.html A district court judge has denied Citigroup’s motion that the securities fraud lawsuit filed against it by Terra Securities of Norway and seven Norwegian municipalities be dismissed. The plaintiffs claim that Citi misrepresented the risk involved in the $115 million... Financial Firms stockbrokerfraudblog-1 2010-03-03T17:44:38-06:00 http://www.stockbrokerfraudblog.com/2010/02/sec_says_it_has_jurisdiction_t_1.html The US Securities and Exchange Commission has countered the motion to dismiss its securities fraud case against two former JP Morgan Chase (JPM) executives. The SEC had charged defendants Douglas MacFaddin and Charles LeCroy with paying the friends of Jefferson... Financial Firms stockbrokerfraudblog-1 2010-02-28T00:25:47-06:00 http://www.stockbrokerfraudblog.com/2010/02/court_reinstates_texas_securit.html Claimant Leonard Claus was awarded $25,000 by a National Association of Securities Dealers' arbitration panel for his Texas securities arbitration claim. Claus had made a verbal agreement with Jerry Short, who worked for Institutional Capital Management Inc. over the sale... Texas Securities Fraud stockbrokerfraudblog-1 2010-02-26T10:43:16-06:00 http://www.stockbrokerfraudblog.com/2010/02/exubs_ag_executive_to_settle_a_1.html As part of a deal to settle ARS insider trading allegations by New York Attorney General Attorney Cuomo, former UBS AG executive David Shulman has agreed to pay $2.75 million. Shulman is accused of finding out through nonpublic, material information... Auction-Rate Securities stockbrokerfraudblog-1 2010-02-25T16:27:20-06:00 http://www.stockbrokerfraudblog.com/2010/02/morgan_keegan_ordered_by_finra_1.html A Financial Industry Regulatory Authority panel has ordered Morgan Keegan & Co. to pay investor Andrew Stein $2.5 million because the bond funds that he invested in had bet poorly on mortgage-related holdings. Panel members found Morgan Keegan liable for... Financial Firms stockbrokerfraudblog-1 2010-02-23T23:37:37-06:00 http://www.stockbrokerfraudblog.com/2010/02/frontline_advisors_llc_and_fro.html The National Futures Association has accepted Frontline Advisors LLC and Frontline Financial, Inc.'s proposal to permanently remove themselves as a member of the group. The Texas-based Commodity Trading Advisors and Commodity Pool Operators offered the settlement after the NFA filed... Texas Securities Fraud stockbrokerfraudblog-1 2010-02-20T19:14:41-06:00