Business Week
Arbitration battles to recover losses will be tough, but fresh ammo from regulators may help When Harold and Reather Weathers, a retired couple living in the Atlanta suburbs, sold some inherited property for more than $600,000 in 1999, they hoped the proceeds would carry them through their golden years. The couple, then in their late […]
USA Today
After this week’s $1.4 billion settlement between regulators and 10 Wall Street investment banks, investors who’ve been burned by a broker may be wondering whether it’s time for payback. Securities lawyers say they are already busy fielding arbitration inquiries. If you suffered losses because of alleged misdeeds outlined in the settlement, you may have a […]
Los Angeles Times
At the height of the ’90s stock boom, some investment banks were searching for a novel way to boost the prospects of their corporate clients. They apparently found one: securing analyst coverage for the clients by paying rival firms to provide it, according to documents released Monday as part of a landmark legal settlement between […]
CBS Marketwatch
An NASD arbitration panel ruled against Morgan Stanley Dean Witter, awarding $234,000 in restitution to a couple who argued a broker at the firm put them into investments that were too risky, lawyers said Tuesday. According to the California law firm Aidikoff & Uhl, the clients, Robert and Sueellen Perry, were advised to invest in […]
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 […]