PR Newswire
BEVERLY HILLS, CALIFORNIA, April 29, 2003 /PRNewswire/ – The following was released today by Aidikoff & Uhl: A National Association of Securities Dealers (NASD) arbitration panel found liable and ordered Morgan Stanley DW, Inc. (NYSE: MWD) to pay Robert Perry and Sueellen Perry a total of $234,000 for the company’s breach of fiduciary duty and […]
Wall Street Journal Online
Christine Bruenn, a securities regulator, and Phil Aidikoff, a securities lawyer, discuss the ramifications of the settlement, and what lessons investors should take away. Christine Bruenn is president of the North American Securities Administrators Association. Ms. Bruenn, the securities administrator for Maine, worked with other regulators in drafting the settlement reached with Wall Street firms. […]
Los Angeles Daily Journal
San Francisco – In a significant blow to the state’s tough new ethical standards, U.S. District Judge Jeremy Fogel of San Jose ruled Tuesday that the new disclosure requirements for arbitrators cannot be applied to securities groups because the rules are pre-empted by federal statues. In a 28-page ruling, Fogel agreed with the claims made […]
Dow Jones Newswires
NEW YORK — Attorney Mark Maddox makes his living pursuing stockbrokers who have done their clients wrong. So when he needs someone to manage his money, to whom does he turn? A Salomon Smith Barney stockbroker who believed every word that now-defrocked telecom analyst Jack Grubman uttered about the industry – including the fact that […]
New York Post
Regulators will find that some of Wall Street’s biggest firms committed fraud by issuing bogus research, in a development that has plaintiffs lawyers for burned investors salivating. While regulators won’t use the term “fraud” against most firms, some, including Citigroup’s Salomon Smith Barney and Credit Suisse First Boston, may be tagged with it, sources said. […]