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Investors Seeking Justice Gain Little In New NASD Rules

Dow Jones Newswires

It isn’t easy for a naive investor to conquer a street-smart brokerage firm, but Cara Marks succeeded three years ago when she won $137,000 in an arbitration case against Lew Lieberbaum & Co. Then the 45-year-old Beverly Hills resident found out that winning isn’t everything on Wall Street, at least not in the industry’s investor […]

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Sue-It-Yourself: Going After Your Online Broker

Forbes.com

If you want to sue your online brokerage, get in line. Online trading has ballooned in the last few years and now makes up roughly one of four retail stock trades. But customer complaints of shoddy service and bungled communications have grown right alongside it. The number of complaints fielded by the Securities and Exchange […]

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E*Trade Ordered to Pay $38,226 to Customer for Pricing Error

PR Newswire

A National Association of Securities Dealers (NASD) arbitration panel ordered E*TRADE Securities, Inc. (Nasdaq: EGRP – news) to pay a total of $38,226 to compensate customer Morgan Roach for investment related losses. Mr. Roach was represented by Aidikoff & Uhl, a Beverly Hills and Palm Springs, California law firm. According to Ryan Bakhtiari, who argued […]

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E*TRADE Securities, Inc. Found Liable and Ordered to Compensate On-Line Investor Morgan Roach

PR Newswire

A National Association of Securities Dealers (NASD) arbitration panel ordered E*TRADE Securities, Inc. (Nasdaq: EGRP – news) to pay a total of $38,226 to compensate customer Morgan Roach for investment related losses. Mr. Roach was represented by Aidikoff & Uhl, a Beverly Hills and Palm Springs, California law firm. According to Ryan Bakhtiari, who argued […]

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Say It in Plain Language

TheStreet.com

The Securities and Exchange Commission has been on a lengthy campaign to replace the legalese in securities documents, such as prospectuses for initial public offerings, with plain English that the average investor can understand. The SEC now needs to push for an overhaul of brokerage account statements. The statements at numerous brokerage firms are crying […]

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