Archive for 'Securities & Arbitration' Category

The Fidelity Ultrashort Bond Fund (FUSFX)

The state of Ultrashort bond fund market has wreaked havoc on investors and created massive financial losses for many investors. The Fidelity Ultra-Short Bond Fund, symbol: FUSFX is the subject of investigation by Napoli Bern Ripka and from investors who say the funds were marketed to them as safe investments that [...]

BofA Agrees to $137 Million Settlement in Municipal Bond Investigation

U.S. Justice Department officials said today that Bank of America has agreed to pay $137.3 million to resolve allegations of bid rigging in the municipal bond industry. B of A entered a global agreement with 20 states and four federal agencies, including the Securities and Exchange Commission. According to SEC documents, [...]

Napoli Bern Ripka LLP Investigates Arbitration Claims Against Proshares Trust

The specialized Securities Fraud Department Napoli Bern Ripka LLP is investigating arbitration claims on behalf of individuals who lost money investing in Proshares Ultrashort Financials Fund (the “SKF Fund”), a leveraged exchange traded fund (“ETF”) offered by Proshares Trust.
Proshares Trust, the fifth largest provider of ETF’s in the United States, [...]

Medical Capital Holdings (MedCap) and Securities America

Napoli Bern Ripka, LLP is currently seeking clients who have incurred losses investing in Medical Capital Holdings. In July 2009, the Securities and Exchange Commission (SEC) sued Medical Capital for fraud, claiming that the company misappropriated $18.5 million of investors’ money and misrepresented its own business records by covering up [...]

Suitability Claims

When an investor opens up a new brokerage firm, the investor signs a contract binding them to arbitration. This article outlines suitability claims – one of the most common type of arbitration dispute between customers and brokerage firms.
Claims of unsuitable recommendations are usually based on Financial Industry Regulatory Authority (FINRA) [...]

The SEC is taking a much-needed closer look at “protected” securities.

In the aftermath of the recent economic meltdown, the U.S. Securities and Exchange Commission is requiring financial firms to provide information on how they market “principal-protected” notes to their investors.
Principal-protected notes are complex securities that are typically marketed as carrying a money-back guarantee on an investor’s principal. These investments are making a comeback [...]

Variable Rate Annuities

Napoli Bern Ripka, LLP is currently seeking clients who incurred losses investing in variable rate annuities. Our firm is filing claims on behalf of clients against insurance companies and financial services companies who made unsuitable recommendations to invest in variable rate securities. A variable rate annuity is an insurance contract in which, [...]

SEC Charges NY Investment Advisor Thomas Priore and ICP Asset Management

The Securities and Exchange Commission (SEC) announced today that it has charged a New York-based investment adviser Thomas Priore and three of his affiliated firms with fraudulently managing investment products tied to the mortgage markets as they came under pressure in 2007.
The SEC alleges that ICP Asset Management LLC [...]

Auction Rate Securities, Credit Suisse and other Brokerage Firms

Investors have been successful in winning awards in arbitration against Credit Suisse and other brokerage firms after sustaining billions of dollars in losses when the market for auction rate securities froze in 2008. Auction rate securities (ARS) are fixed-income debt instruments – typically municipal bonds, preferred shares of closed end mutual [...]

Napoli Bern Ripka LLP Investigates Arbitration Claims Against Proshares Trust

The ecurities Fraud Department Napoli Bern Ripka LLP is investigating arbitration claims on behalf of individuals who lost money investing in Proshares Ultrashort Financials Fund (the “SKF Fund”), a leveraged exchange traded fund (“ETF”) offered by Proshares Trust.
Proshares Trust, the fifth largest provider of ETF’s in the United States, manages approximately 99 percent of the [...]