Stock Fraud

Bad Products and Bad Practices Cost Savings

Financial fraud can be extraordinarily complex. Many investors know they have lost money, suspect that someone in the chain between their stockbroker and the massive investment banks did something wrong but have no idea where to turn for help. It is possible to recover investment losses if you are the victim of either bad practices or bad products. Bad practices, like repeatedly selling the same stocks to inflate commissions, are the equivalent of stockbroker malpractice.  Sometimes a broker will recommend a bad product or an investor will be mislead into buying a risky or fraudulent product by a salesperson. We maintain a list of unsuitable products and relationships with financial service industry watchdogs and attorneys who are prosecuting claims based on those products. If you have experienced significant losses and suspect fraud, take our financial loss assessment.

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New Financial Loss Assessment Tool for Consumers

The Consumer Justice Group is pleased to announce the creation of an online financial fraud assessment tool aimed to help investors recover lost funds they believe are the result of stock broker fraud or malpractice. The Consumer Justice Group has experienced a rapid increase in inquiries from people who have incurred financial loses as a result of stock broker mismanagement, fraud and poorly designed products. We are taking a proactive approach to help consumers by creating an online, confidential financial loss assessment.

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Breaking Down Stock Broker Fraud

As you know, investing in the stock market can be a risky proposition. Markets and investments can fluctuate, and the majority of investment losses result from such fluctuations, rather than from stock broker fraud or misconduct. However, stock fraud does happen, and you should understand common forms of stock broker misconduct.

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Surprise! Wall St. Journal Agrees Us on ETFs

Investors who got sold an ETF (Exchange Traded Fund) that they didn't quite understand, especially one that was going to make them money whether the market went up or down, should really pay attention to their statements. The quality of the product and their suitability varies tremendously. Our friends at FINRA are concerned. We can be far more blunt--inverse and leveraged ETFs can be a bizzaro world full of technical sounds signifying the fury of lost savings and staggering costs.

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CJG, FINRA, Others Caution Against Non-Public REITs

Private REITS carry significant risk to investors. Not only are they unlisted, making them hard to value and trade, but they also generally are exempt from Securities Act registration. As such, private REITs are not subject to the same disclosure requirements as public non-traded REITs. The lack of disclosure documents makes it extremely difficult for investors to make an informed decision about the investment.

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Stock Fraud Costs Investors' Savings

Picture this: you put your trust in an investment firm and follow your stock broker's recommendations, feeling secure with his expertise. The next thing you know, your stocks have plummeted, the firm's CEO is all over the news defending his company against allegations of securities fraud, and your life savings is lost forever.

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Goldman Sachs Analysts Influenced by Banking Interests

In violation of NASD and NYSE regulations, analysts at Goldman Sachs were encouraged to participate in investment banking activities and were compensated with raises and bonuses. The SEC's complaint against Goldman Sachs includes reports that certain analysts were "known to be swayed by banking to support certain names."

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