Stockbroker Attorney
Investment Fraud Lawyers
Levin Papantonio investment fraud lawyers represent victims of stockbroker and investment fraud and other financial fraud. Often, victims of stock broker fraud have lost a significant portion of their life savings and we understand it may be impossible to recover. As a result, victims of stockbroker and investment fraud deserve strong and effective representation.
There are a number of different types of stockbroker fraud (or investment fraud) claims. For more information on each type of stockbroker and investment fraud claim, please click on the link to learn more. Following is a partial list of investment fraud and financial fraud claims:
Churning and Unauthorized Trading
The Levin Papantonio law firm is recognized as one of the preeminent law firms in the US. In the past twenty-five years, the attorneys have obtained more than seventy-five jury verdicts in the amount of one million dollars or more, including twelve jury verdicts in excess of ten million dollars, and two in excess of $450 million. The firm’s total settlements have exceeded one billion dollars. For more information on our firm, please visit our main website at www.levinlaw.com
If you or a loved one has been harmed by investment and bank fraud, please call or email our experienced investment and securities fraud attorneys today. We'll evaluate your claim for free and help you get the justice you deserve.
Peter Mougey currently serves on the board of directors for the Public Investors Arbitration Bar Association ("PIABA") you can visit the website at www.piaba.org
Breaking News:
Taking Aim at the Brokers
October 19, 2009
Investors burned by brokers are getting a better shot at winning redress.
UBS Sold Unsuitable Lehman Securities, New Hampshire Alleges
June 4, 2009
UBS AG, Switzerland’s largest bank, recommended unsuitable investments to clients who bought securities underwritten by Lehman Brothers Holdings Inc., New Hampshire securities regulators said.
UBS Downgrades Lehman Bros. (LEH) to Neutral
March 17, 2009
Lehman Brothers Holdings Inc. (Lehman Brothers) serves the financial needs of corporations, governments and municipalities, institutional clients and high-net-worth individuals worldwide.
Pension boards set sights on Merrill Lynch
January 30, 2009
Two Pensacola pension funds are taking aim at Merrill Lynch for what they claim are millions of dollars in losses to employee retirement funds. The board of trustees of the Firefighters' Pension Fund has filed suit in U.S. District Court in Pensacola against the brokerage company and one of its former senior vice presidents. The board claims bad advice and conflicts of interest led to the plan losing more than $3 million over seven years.
Merrill Lynch Charged with Misleading Pension Clients
January 30, 2009
The Securities and Exchange Commission charged Merrill Lynch, Pierce, Fenner & Smith, Inc., along with former Merrill Lynch investment adviser representatives, Michael Callaway and Jeffrey Swanson, with securities laws violations associated with the firm’s pension consulting practices. The charges stem from the firm’s relationships with money managers hired to control portions of pension fund portfolios. Specifically, the firm misled pension consulting clients about its money manager selection process and failed to disclose conflicts of interest when recommending money managers.
Merrill Lynch neglected to inform its clients of arrangements whereby money managers were executing the majority of their trades through Merrill Lynch, allowing managers and advisers to increase fees at the cost of the pension plan. SEC officials noted that this case should remind all pension consulting businesses that they must disclose all material conflicts of interest to their advisory clients.
Bank of America Failed to Disclose Merrill’s Position
January 22, 2009
Bank of America executives recently revealed their failure to provide shareholders with complete information before their December vote to acquire Merrill Lynch. Specifically, company executives did not disclose the losses already sustained by Merrill Lynch prior to the merger. Since the transaction, Bank of America has received an assistance package from the government including a $20 billion infusion. On the news of its omissions and its $1.79 billion fourth quarter loss, Bank of America shares fell 45% in only five days.