Churning is illegal and unethical

Churning is a breach of securities laws. According to the SEC, churning occurs when a broker engages in excessive buying and selling of securities in a customer’s account to generate commissions that benefit the broker. Churning usually occurs in stocks but lately the trend is moving toward mutual funds. Mutual funds are easier to trade […]

Molycorp, Inc. Investigated by SEC

On November 9, 2012, Molycorp, Inc. (NYSE: MCP) announced that the U.S. Securities and Exchange Commission requested information from the Company. According to Molycorp’s news release, the SEC’s formal order of investigation seeks information pertaining to, among other things, the accuracy of Molycorp’s public disclosures. According to Molycorp, it is a leading rare earth and […]

Review your Trade Confirmations

A trade confirmation is a written document supplied by your brokerage firm that shows each brokerage transaction executed on behalf of a client in the client’s brokerage account. It is important for clients to look at each trade confirmation because it is the client’s way to verify that the broker has filled an order in […]

Are securities attorneys just for rich people?

The simple, straight forward answer is no. Most often, when people think about litigation involving stocks and bonds, they think about class action litigation or disputes that pertain to “rich” people. The fact is that millions of Americans have brokerage accounts and almost everyone is impacted by the stock market. Focusing on individual brokerage account […]

Florida Fraud and Business Lawyers

In the State of Florida, the state courts not only enforce state laws, but they also provide dispute resolution for a variety of different legal cases, including probate matters, civil disputes, and criminal offenses. If you suddenly find yourself involved in a dispute, it is imperative that you have an experienced and skilled Florida litigation […]