Kansas City Star
Barbara Kreimer, 75, had planned for her investments not only to provide for her growing health-care needs but also to leave a tidy sum to support her mentally impaired adult son after she died. So when her health began failing last fall, she considered tapping into her investments. But she was stunned to learn from […]
Los Angeles Times
Investors who were seeking $1.75 million in compensatory damages against Goldman Sachs Group and one of its stock analysts have been awarded a fraction of what they sought, a possible setback to investors who might expect large awards in the growing number of cases against analysts. In a decision released Thursday, an arbitration panel awarded […]
PR Newswire
Anthony Schultz, a thirteen year employee of CISCO Systems, Inc. (Nasdaq: CSCO – news) filed an arbitration with the National Association of Securities Dealers against Salomon Smith Barney, Inc, a unit of Citgroup, Inc. (NYSE: C – news) alleging that his broker failed to inform him of the availability of hedging strategies to protect his […]
Reuters
At the beginning of this year, he was a security guard working in a Silicon Valley office building, earning a modest living and keeping all his money in the bank. But he was intrigued by the software engineers in the office who boasted about their stock options and tracked their wealth on a stock quote […]
Los Angeles Times
The securities industry’s arbitration process has long been viewed as a small investor’s last resort to press grievances against a broker. But some investors are discovering to their dismay that arbitration is a two-way street: Brokerage firms also can bring claims against them–often with painful financial results for investors. This has been a particular surprise […]