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2001



December

Illinois Stockbroker Patel Barred From Securities Industry
Survey Finds Most Advisors Provide Estate and Tax Planning
Buffalo Bills Player and Others Defrauded
Risky Plays Make Utilities Mutual Funds The Worst-Performing
Art Institute of Chicago Accuses Hedge Fund Manager of Fraud
Brinson Partners' Cash Management Fund Won't Reimburse Investors After Fund Loses $50 Million of Value Due to Enron Losses
Survey Finds Investors Don't Understand Risks of Bond Investing
Merrill Lynch to Pay Unilever $105 Million for Underperforming Market Performance Returns
CSFB To Pay $100 Million Fine to SEC and NASD To Settle Twin IPO Abuse Investigations
Merrill Lynch On Trial For Trailing Market Performance Returns

November

SEC Bars Former Geneva Securities Officers Eisenmenger and Messenger
Hedge Fund Manager Berger Ordered to Repay $20 Million
Past Performance Poorly Predicts Future Performance, But Not With Municipal Bond Mutual Funds
SEC Sues Athlete Investment Adviser for Gross Fraud
Hedge Fund Trade Group Says Hedge Funds Inappropriate for Retail Investors

October

Illinois Brokerage Firm Bilks Customers Out Of $11 Million

September

CFTC Charges LA Commodity Broker With Fraud
Customers Settle for Millions Against Merrill Stockbrokers

August

C and B Classes of Mutual Fund Shares May Be More Costly Than A Shares
Hedge Funds Have Significant Risks
Morgan Stanley Tech Stock Analyst Sued

July

NFA Issues $43 Million Award Against Refco Inc., Its Broker and Jay Goldinger
NASD Arbitrators Award Investor Commissions and Attorneys' Fees Even Though Account Profitable
Merrill Lynch Settles Suit Involving Internet Stock Analysts Sued
SEC Issues Alert on Analysts' Reports
Merrill Lynch Ads Advise Buying Bonds and Diversifying

June

Brokerage Internet Stock Analysts Sued
Margin Disclosure Statements to be Issued to Customers
NASD Arbitration Panel Awards Investor Commissions and Attorneys' Fees even though Account Profitable

May

Arbitrators Order Merrill Lynch to Pay Investor $1.5 Million in Punitive Damages
Some Firms Unaware of Privacy Compliance Deadline
Millennium Securities Agrees to Cease Operating as a Brokerage Firm
Josephthal & Co. Fined for Alleged IPO Sales Violations
NASD Regulation Board of Governors Approves Publishing for Comment A Rule Interpretation on Transfer of Customer Accounts
SEC Alleges Trio Bilked Investors Out of $10 Million in "Prime Bank" Scheme
NASDR Censures and Fines Stifel, Nicolaus & Company and Brokers Over Fund Share Classes

April

S&P Lowers Bond Rating For California
Employee Stock Options Cause Financial Jeopardy
Sales Practice Complaints Against Brokers Increase
Eight Online Brokerage Firms Downgraded
Variable Annuities' Latest Feature Is To Pay Beneficiaries' Taxes

March

Municipal Revenue Bonds Can Be Extremely Risky
SEC Charges Broker In Ponzi Scheme
NASD Issues Guidance Regarding Online Investment Recommendations
Broker Charged In Embezzling
Beware of Delisted Stocks
"Litigation Bonds" Are A Risky Investment
Regulators Investigate Nevis Investors
TD Waterhouse Will Pay Fine Over Online Outages

February

Non-Rated Municipal Bonds Default 10 Times As Often As Rated Bonds
NASD Finds That Annuity Advertisements Deceive Public
SEC Sues 10 in Stock Scheme Relating to Systems of Excellence, Inc.

January

SEC Fines Prudential Insurance Co. in Broker Oversight Case
SEC Price Study Finds NASDAQ Is Costlier Than NYSE
Be Wary Of Analysts "Buy" Recommendations





   
 
 
 
 



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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm Shaheen, Novoselsky, Staat, Filipowski & Eccleston P.C.(www.snsfe-law.com). This Web site contains material of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice. Always consult an attorney and/or investment advisor when building and protecting your wealth.

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