|
|
|
Menzer Hill, P.A. Announces Investigation
Press Release |
2010/09/09 09:39
|
strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. Announces Investigation Into The Sales Practices Of Broker-Dealers That Solicited Purchases of Inverse and Leveraged Exchange-Traded Funds (ETFs)
/strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. (a href=http://www.suemyadvisor.com/font face=Verdanawww.suemyadvisor.com/font/a) announced today that it is investigating the sales practices of brokerage firms that solicited investors to buy leveraged and inversed Exchanged-Traded Funds (“ETFs”). Many brokerage firms, through their financial advisors, are soliciting purchases in these securities as investments, with holding periods longer than one day, while others are recommending option strategies on the underlying ETFs. The Financial Industry Regulatory Authority (“FINRA”), stated in a Regulatory Notice, sent to brokerage firms June 2009, that leveraged and inverse ETFs are “highly complex financial instruments” and “are typically not suitable for retail investors who plan to hold them for more than one trading [day], particularly in volatile markets.” Brokerage firms that failed to adhere to suitability requirements could be held liable to investors that sustained losses in solicited purchases of leveraged and inverse ETFs as a result. pInvestors that have purchased leveraged or inverse ETFs through a brokerage account or managed account offered by Merrill Lynch, a subsidiary of Bank of America (NYSE:BAC), Morgan Stanley Smith Barney (NYSE:MS), Wells Fargo Advisors (NYSE:WFC), Ameriprise Financial (NYSE:AMP), UBS (NYSE:UBS), LPL Financial, Raymond James (NYSE:RJF), Edward Jones, or other brokerage firms and have sustained losses should contact the attorneys at the Securities Arbitration Firm of Menzer amp; Hill, P.A. to determine if they have a claim for a recovery of losses. /ppLeveraged and inverse ETFs can be volatile and investors may have realized or unrealized losses in the following ETFs year to date, including but not limited to: /ptable id=t6420933_1 class=bwtablebottommargin cellspacing=0tbodytrtd id=t6420933_1_0_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftDRV down 63% (NYSEArca: DRV); /td/trtrtd id=t6420933_1_1_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTMV down 46% (NYSEArca: TMV); /td/trtrtd id=t6420933_1_2_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftVXX down 44% (NYSEArca: VXX); /td/trtrtd id=t6420933_1_3_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftSRS down 43% (NYSEArca: SRS); /td/trtrtd id=t6420933_1_4_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftZSL down 42% (NYSEArca: ZSL); /td/trtrtd id=t6420933_1_5_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftGAZ down 38% (NYSEArca: GAZ); /td/trtrtd id=t6420933_1_6_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTZA down 36% (NYSEArca: TZA); /td/trtrtd id=t6420933_1_7_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUNG down 35% (NYSEArca: UNG); /td/trtrtd id=t6420933_1_8_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTBT down 34% (NYSEArca: TBT); /td/trtrtd id=t6420933_1_9_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftFAZ down 29% (NYSEArca: FAZ); and /td/trtrtd id=t6420933_1_10_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUCO down 28% (NYSEArca: UCO). /td/tr/tbody/tablepFor a free case evaluation or to discuss any other investment losses, please contact the Securities Arbitration Firm of Menzer amp; Hill, P.A., at 888-923-9223, or visit us on the web at a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=2amp;md5=42f88a77817321b3764807a671c4f30d target=_blankfont face=Verdanawww.suemyadvisor.com/font/a. /pdiv id=releaseBottomdiv id=contactsdiv id=contactsBody class=bddiv class=cpMenzer amp; Hill, P.A.
Gary Menzer, 888-923-9223
a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=3amp;md5=74419b7bab2fc6896122e36968209bd0 target=_blankfont face=Verdanawww.suemyadvisor.com/font/a /p/div/div/div/div |
|
|
|
|
|
|
Ex-health care exec. to plead guilty to wire fraud
Headline Court News |
2010/09/08 09:39
|
| A former executive of the bankrupt health care company Canopy Financial Inc. has agreed to plead guilty in an alleged multimillion-dollar fraud.pCourt documents released Wednesday say former chief technology officer Anthony Banas will plead guilty to wire fraud./ppChicago-based Canopy was known as one of the nation's fastest growing businesses before its 2009 bankruptcy. Many clients relied on it to pay medical bills./ppBanas and former chief operating officer, Jeremy Blackburn, have been charged with wire fraud, which carries a maximum 20-year prison sentence./ppBanas' agreement says he participated in transferring $60 million of investor funds and misappropriating $18 million in health care savings accounts./ppMessages left for defense attorneys weren't immediately returned./p |
|
|
|
|
|
|
Grand jury not targeting Deal, his lawyer says
Industry News |
2010/09/07 09:23
|
| pNo federal grand jury is investigating former Congressman Nathan Deal, contrary to published reports and numerous ads by his opponents, the lawyer for the Republican gubernatorial candidate says./ppThere is no grand jury. That's just not true, said Randy Evans, who also has represented Newt Gingrich, Sarah Palin and other notable Republicans facing ethics charges./ppFirst GOP primary foe Karen Handel and now Democrat Roy Barnes have used talk of such a probe as a battering ram./ppBarnes is airing TV ads claiming that - if elected - Deal could be distracted from his duties by a grand jury probe and argues that such ethical questions should disqualify him from being governor./ppThe speculation stems from claims then-Congressman Deal lobbied Georgia officials about his company's lucrative business arrangement with the state./p |
|
|
|
|
|
|
How to find the best Georgia bankruptcy lawyer online
Press Release |
2010/09/07 09:22
|
pWhy should you go about filing bankruptcy? Well simply put, filing a Georgia bankruptcy does not mean you are giving up; in fact it provides you with a second chance financially. Not to mention thousands of Georgia residents seek the help of Georgia bankruptcy lawyers each year for assistance./ppIf you are planning on filing Georgia bankruptcy, it’s really important for you to know that the new state bankruptcy laws are making it harder for people to file. Many people who actually make too much money, compared to other residents in the state, are now being forced to go about filing bankruptcy under Chapter 13./ppFiling bankruptcy under chapter 7 on the other hand can clear up a lot of debt and provide you with a fresh start, mainly by eliminating all of your credit card debt in a matter of mere months. Filing Chapter 13 bankruptcy with the help of a Georgia bankruptcy attorney on is a bit different, since no debts are actually canceled; it just buys you some time./ppAfter you’ve gone and figured out what you’re eligible for, the next step for you to accomplish is to hire a professional Georgia bankruptcy attorney who can help you to remove or even pay back debts that you have by filing. A good Georgia bankruptcy lawyer actually ends up saving you money when all is said and done./ppAfter you have gone about hiring a Georgia bankruptcy attorney, you can then go about successfully filing bankruptcy in Georgia federal courts. These particular courts follow the same bankruptcy code used by all states, but state bankruptcy law dictates that these courts will also factor in the median income for Georgia residents.
/p |
|
|
|
|
|
|
Ohio runaway convert gains legal US residency
Topics |
2010/09/07 04:20
|
| pA lawyer for a runaway Christian convert from Ohio who was also an illegal immigrant says the 18-year-old woman has gained permanent residency in the United States./ppKort Gatterdam, a lawyer for Rifqa Bary, said Tuesday the news means Bary can now start applying for a driver's license, Medicaid coverage and college scholarships./ppGatterdam says Bary, a native of Sri Lanka, received her permanent residency card last week and can apply for citizenship in five years. /ppBary had sought the green card as she argued in court she could not reunite with her Muslim parents, whom she alleged threatened her with harm for converting./ppBary also sought legal residency to achieve health coverage as she battles uterine cancer. /p |
|
|
|
|
|
|
Mass. court to hear appeal in sex harassment case
Industry News |
2010/09/06 23:27
|
| pThe highest court in Massachusetts is set to hear an appeal of a $1.85 million award in a sexual harassment and discrimination suit filed by a former Somerset highway department employee./ppDuring her 2007 trial, Kim Pelletier said she was touched inappropriately on the job and subjected to viewing pornographic pictures and movies at the Highway Department’s building./ppShe said her numerous complaints were ignored./ppThe $1.85 million jury award was reduced to $300,000 by a judge, then increased to $600,000./ppPelletier notified the court she would accept the $600,000, but the town later appealed and Pelletier withdrew her acceptance. She’s now seeking the original jury award./ppThe Supreme Judicial Court will hear arguments in the case Wednesday./p |
|
|
|
|
|
|
Choice of clerks highlights Supreme Court's polarization
Industry News |
2010/09/06 23:17
|
| Each year, 36 young lawyers obtain the most coveted credential in U.S. law: a Supreme Court clerkship. Clerking for a justice is a glittering capstone on a resume that almost always includes outstanding grades at a top law school, service on a law review and a prestigious clerkship with a federal appeals court judge.pJustice Clarence Thomas apparently has one additional requirement. Without exception, the 84 clerks he has chosen over his two decades on the court all first trained with an appeals court judge appointed by a Republican president./ppThat unbroken ideological commitment is just the most extreme example of a recent and seldom examined form of political polarization on the Supreme Court. These days the more conservative justices are much more likely than were their predecessors to hire clerks who worked for judges appointed by Republicans. And the more liberal justices are more likely than in the past to hire from judges appointed by Democrats./ppEach justice typically hires four clerks a year. Since Chief Justice John G. Roberts Jr. joined the court in 2005, Justice Antonin Scalia has not hired any clerks who had worked for a judge appointed by a Democratic president, and Justice Samuel A. Alito Jr. has hired only two. At the other end of the ideological spectrum, only four of Justice Ruth Bader Ginsburg's clerks on the Roberts court came from judges appointed by Republicans. The early data on President Barack Obama's two appointees, Justices Sonia Sotomayor and Elena Kagan, show a similar pattern./ppBy contrast, Chief Justice Warren E. Burger, a conservative appointed by President Richard M. Nixon who led the court from 1969 to 1986, hired roughly even numbers of clerks who had worked for judges appointed by Democrats and Republicans. Judge Richard A. Posner, a generally conservative judge appointed to the bench by President Ronald Reagan, clerked for Justice William J. Brennan Jr., a liberal./p |
|
|
|
|
|
Legal News RSS Feed
