Secrets of a Sales Machine
January 15, 2012
New York Times
Gretchen Morgenson
BACK in 1940, a popular book about Wall Street asked, “Where are the customers’ yachts?” Investment firms, it lamented, always seemed to win, even when their customers lost. True then and, all too often, true now – with rare exceptions. One of them was the case of Gerald D. Hosier and Jerry Murdock Jr., who […]
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Citigroup Loses Suit to Overturn $54-mln Ruling
December 22, 2011
Reuters
Suzanne Barlyn and Joseph A. Giannone
*Federal Judge Finds That FINRA panel is Correct *Investors’ losses were tied to risky municipal bond funds *FINRA panel ruling among largest to individual investors A U.S. judge on Wednesday denied a request by Citigroup to overturn a $54.1-million arbitration ruling in favor of a group of investors for losses incurred in a series of […]
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Commonwealth, LPL sold troubled private placement
August 7, 2011
Investment News
Bruce Kelly
After avoiding the pitfalls of disastrous Regulation D deals over the past decade, Commonwealth Financial Network and LPL Financial LLC are contending with potential fallout from a real estate private placement that faces pressure from its creditors. Financial advisers from both Commonwealth and LPL sold the fund in question, the Laeroc 2005-2006 Income Fund LP, […]
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Commonwealth, LPL could see fallout from Reg D deal they sold
August 4, 2011
Investment News
Bruce Kelly
After avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial LLC are contending with potential fallout from a real estate private placement that faces pressure from its creditors. Financial advisers from both Commonwealth and LPL sold the fund in question, the Laeroc 2005-2006 Income Fund LP, which […]
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