KSBY 6 Action News
Central Coast investors who lost thousands of dollars want their money back. Here are the Facts First: A nationwide broker dealer called “Associated Securities” is being sued by 30 San Luis Obispo investors who lost money in a hedge fund. Investors say they were assured by an advisor their money was safe. The minimum amount they could invest […]
San Luis Obispo Tribune
An arbitration claim filed with the Financial Industry Regulatory Authority on behalf of seven households provides an inside look at the losses suffered by some of the San Luis Obispo County residents who were invested in the APEX Equity Options Fund. Collectively, the households invested more than $5 million in the fund. One retired couple […]
San Luis Obispo Tribune
Dozens of local investors – clients of Jeffrey Forrest of WealthWise LLC in San Luis Obispo-have lost millions of dollars in a equity fund valued at more than $46 million that was wiped out in August, according to legal documents filed in recent weeks. The clients-among them a quadriplegic man, a retired nurse, a stay-at-home […]
ADR World
The Financial Industry Regulatory Authority (FINRA) has issued a rule proposal aimed at limiting the number of motions to dismiss filed in its arbitration forum by restricting the grounds arbitrators could use to grant such motions. The proposed rule change to FINRA’s Industry and Customer Codes would authorize arbitrators to grant a dispositive motion prior […]
Investment Dealers Digest
Following the collapse this summer of two Bear Stearns hedge funds – its High Grade Structured Credit Strategies Master Fund and its High Grade Structured Credit Strategies Enhanced Leverage Master – disgruntled investors, both in the US and overseas, are teaming up to bring legal action against the Wall Street firm. Several complaints are being […]