Back in 2008 and 2009, stockbrokers and financial advisors were flooded with telephone calls from frightened and panicked customers. Most customers simply wanted to protect their assets and sit on the sidelines during the market upheaval. However, if history has proven anything, it has shown
Your Broker is Moving Again?
Recently, I was asked to review investment account statements for a number of individual investors who were surprised to learn their broker had unexpectedly left the brokerage firm. Or as they say in the business, the broker was “permitted to resign.” My initial review of
The “Wealthy Client” Defense, also known as “You can afford to lose money … quit complaining!”
After 20+ years of representing individual investors in Wall Street disputes, I have heard hundreds of defense arguments presented by Wall Street attorneys. Some of the arguments are presented in a reasoned, thoughtful and compelling manner supported by the facts and the law. Some other
Has Your Broker Been Skinny Dipping?
Warren Buffet famously once said, “Only when the tide goes out do you discover who has been swimming naked.” Mr. Buffet was explaining that rising tides (or markets) can mask a lot of unseemly and improper behavior. In other words, it is often only when
Retirees are Concerned About the Volatility in the Current Market!
Many retirees are feeling the anxiety and uncertainty that currently exists in the market. Wall Street experts have pronounced that “volatility” is the new norm. Is a correction underway? Are we in for another dive off a cliff like in 2008? The answer to these
The State of Wall Street Disputes
The State of Wall Street Disputes Back in the early 1990s, I was a law student eager to graduate, pass the bar exam and open my own firm representing investors in Wall Street Disputes. Back before the internet boom (and bust) and before global
