Posts Tagged ‘ Investment Broker ’

InSecurities: Securities Fraud Roundup 7.5.11

July 5th, 2011. By LucyC

Top Securities Fraud Stories

By now you know the script. InSecurities takes a look at some of the latest securities fraud happenings—where folks who thought they’d made some secure investments have found those investments, well, a bit insecure due to fraudulent—or alleged fraudulent—activity. So be prepared for those omnipresent words and phrases—like “materially false and misleading statements”. They tend to pop up here with some regularity, as you’ll see…

New Securities Lawsuits Filed

Our first Madoff Meter contender is Deutsche Bank AG. And DB brings us another of those omnipresent securities fraud phrases: “mortgage-backed securities” (you’ve heard that one before, right?)…

 

Company:                                        Deutsche Bank AG

Ticker:                                             DB

Class Period:                                  Jan-3-07 to Jan-16-09

Date Filed:                                      Jun-21-11

Lead Plaintiff Deadline:                  Aug-20-11

Court:                                             Southern District of New York

Madoff Meter:                      

The Allegations:

Not to be left out of the fray, Deutsche Bank (DB) is facing a securities class action brought on behalf of an institutional investor. Details above, and we’re talking big bucks, allegedly lost on ordinary shares during the period between January 3, 2007 and January 16, 2009 (the “Class Period”).

The complaint alleges that during the Class Period, DB issued materially false and misleading Read the rest of this entry »

Tags: Insecurities, Investment Broker, securities, Securities Fraud, Securities lawsuit, securities settlement, Stock Fraud, Stockbroker Fraud
Posted in Insecurities, Securities | No Comments »

10 Clues you’re with the wrong Investment Broker

March 10th, 2010. By AbiK

Nowadays, just about everybody’s been wondering if their money’s in the right place. But economic woes aside, these ten clues ought to give you that something’s-not-right feeling in your gut when it comes to your investment broker’s handling of your account—and possibly grounds for a securities fraud case…

1. There’s inconsistency between your broker’s verbal statements and the performance of your investments.

2. There are misrepresentations by your broker, or important information about an investment which the broker did not disclose—particularly regarding the investment’s level of risk.

3. If you notice frequent and excessive trading in the account, including “in and out” trading.

4. You notice trading in high risk, speculative or unsuitable investments.

5. Your broker is managing your account by trading in securities and strategies that you don’t understand.

6. Your broker is making trades that you did not previously authorize.

7. There is trading in low-value securities or obscure companies on foreign exchanges, or private investments.

8. Your broker—or his supervisor—fail to respond to your complaints.

9. Your broker makes repeated promises to make up for losses through various devices.

10. There is a loss of funds or value in the account that you do not understand, and your broker cannot reasonably explain.

Tags: Investment Broker, Securities Fraud, Stewart Law Group
Posted in Financial, Securities | 1 Comment »