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Recent Volatility Puts Margin Traders at Risk

With the influx in volatility and the arrival of the U.S. stock market’s first Bear Market in more than a decade, those trading on margin may be exposed to forced liquidations and/or margin calls following the market’s recent, aggressive selloff. Broker-dealers require those trading on margin to maintain as collateral a specified percentage of qualified […]

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Jury Finds Investment Adviser and its Owner Liable for Fraud

Today, jurors in New Haven, Connecticut, federal court returned a verdict in the Securities and Exchange Commission’s favor against an investment adviser and its owner. The jury found that Westport Capital Markets, LLC, a Connecticut-based investment advisory firm, and its owner, Christopher E. McClure, defrauded their advisory clients by repeatedly purchasing securities that generated significant undisclosed compensation, […]

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H2O bond funds lose 50% of their asset value

H2O Asset Management’s bond funds have lost nearly half their value in a matter of weeks, after the London-based fund manager experienced another day of severe losses on Thursday. H2O, a subsidiary of French bank Natixis that managed about €30bn of assets at the start of the year, has emerged as one of Europe’s highest-profile […]

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Investor Losses in Oil and Gas Structured Products

With the recent drop in oil and gas prices, investors who hold structured products (also known as “structured notes”) tied to that sector may be at risk of significant losses.   This may include structured notes tied to the following stocks, among others: Western Midstream Partners, LP (WES); Apache Corporation (APA); Targa Resources Corp. (TRGP); Continental […]

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Better Housing Foundation deals in Illinois receive SEC scrutiny

The Securities and Exchange Commission and Illinois Attorney General’s office are examining the Better Housing Foundation as investors fret over the uncertain prospects for recovering their $170 million investment in the not-for-profit’s defaulted debt. The bonds were sold between 2016 and 2018 through the Illinois Finance Authority. Defaults occurred in June on the three Chicago […]

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