Did you Buy the UBS Willow Fund?
The problems associated with the UBS Willow Fund are discussed in a March 30, 2013 New York Times article entitled “If A Fund Turns On A Dime, Watch Your Dollars,” by Gretchen Morgenson.
The Willow Fund was deviating into a strategy of CDS (credit default swaps) speculation on the government debt of Spain or Greece. It was a speculative investment and should only have been recommended to investors whose risk tolerance was identified as speculative and could afford the possibility of a total loss of their investment.
There are three tests to determine whether or not an investment recommendation was suitable at the time it was made:
Number 1 is did the customer understand the risk?
Number 2, did the customer want to take the risk? and
Number 3, could the customer afford the risk?
Each of these three criteria must be in the affirmative in order to determine whether or not the investment recommendation was suitable. Based on the above, if you believe that the recommendation to purchase Willow Fund in your account(s) was unsuitable, please contact our office in order that we may assist you in determining whether or not an investment loss recovery action would be appropriate for you to initiate.
Did you lose money in the
IMH Secured Loan Fund?
Were You Told:
- That the fund was safe?
- That you could get at your principal, on demand, with 60 days notice?
- That you would receive a 10-11% return?
- And that IMH was dedicated to protecting your investment?
If so, please call us and learn how you may recover up to 100% of your principal through securities arbitration.
Did You Buy Medical Capital
Medical Capital Corporation sold more than $2 billion of its
notes to investors. The proceeds were supposed to be used to purchase
accounts receivables from medical providers like doctors' groups and
In July 2009, the SEC closed this firm down and had a judge appoint a
receiver for its business.
Investors Recovery Service is beginning to commence actions
against the brokerage firms that sold these notes.
If you are a holder of any Medical Capital Notes, call us, as we
our your best chance of obtaining a substantial recovery on these
losses. Class actions will only yield a tiny percentage of your losses.
Click to Learn more about Medical
Did You Lose money in bond funds,
particularly short term bond funds?
Many investors lost money last year in short term bond funds, as well
as long term funds, because of heavy concentration in Non Agency
Mortgage Backed Securities. In many instances, there was a concentration
of well in excess of 50% of the fund's assets in these speculative
securities. Many customers were told that these funds were safe, and
some were even told that the funds were managed "to provide minimal
changes in share price". Sometimes even as an alternative to a money
We can recover a substantial portion of your bond fund losses through
securities arbitration. Please call or write for a no cost consultation.
What we will need from you is the name of the fund, the date(s) you
purchased it, what you were told, how much you invested and the amount
of your capital loss.
Did you lose money due to Rochester
NASDAQ: ORNAX - ORNBX - ORNCX
If your stock broker / financial advisor told you that these were
safe funds, and you were a risk adverse investor, we may be able to
recover substantially all of your principal losses.
While there are class action(s) claiming that the fund(s) made
inadequate disclosures concerning its risks, the disclosures that we
saw, made it clear to us that the brokers that sold this fund to risk
adverse clients, were doing so at their own peril. The better claim and
most likely to yield a
substantial return of your principal losses is to take your broker to
arbitration, rather than hope that the class actions yield a good
Read More about the Rochester Fund
Municipials Class Action Lawsuit
Attention Wachovia and First Clearing
Did your broker sell you risky
investments even though you never wanted to take a lot of risk?
Brokers are supposed to ask for a customer's risk tolerance up front,
and only recommend investments that fit.
Wachovia and First Clearing
recommended the risky investments that they wanted to sell, and then
changed their records to
reflect that risk was what the
Read more about the Wachovia and
First Clearing investment issues.
Did you lose money on
Fanny Mae Securities?
Based on what we know about how Fanny Mae preferred stock was sold to
the public, it is apparent that while Fanny Mae was redeeming its
corporate bonds (backed by the full faith and credit of the U.S. Govt.)
brokerage firms were selling a boat load of their preferred. As you
learned the hard way, the preferred is not anything like their bonds.
The problem is that brokers misled the public about the safety of Fannie
Mae preferred stock.
If you were one of those that were misled about your investment in
Fannie Mae preferred stock, we can help you recover these losses.
The class action will likely get
you just a few pennies on the dollar, probably between 5-10%, while we
may get you ALL, 100% of your loss back, plus interest!
Bitten by a 1031 TIC?
If you own real estate as a Tenant in
Common with a group of strangers; you got there with the help of a
stock broker; and you are now watching the property suffer financial
difficulties ... you are not alone.
CLICK HERE TO
LEARN MORE ABOUT HOW TO RECOVER YOUR
LOSSES IN 1031 TAX DEFERRED REAL ESTATE EXCHANGES PURCHASED AS
TENANTS IN COMMON.
Have you lost money in Commodities
We have filed several complaints over the last few months, where the
losses are in the $100-200k range and the commissions are in the $50,000
to $100,000 range for people trading commodities options. The reason why
the commissions are so high is that in a bull market the clients often
make money, but that is because they take small profits. When the
eventual big loss comes, the broker does not have big profits to offset
the big loss. That is why churning always ends up with the clients
losing. These brokers do the opposite of what they are supposed to do,
namely let your profits run and cut your losses short.
If you have suffered from this type of trading in your account, we
may be able to help you recover your losses. Please
contact us immediately for a free, confidential
Did you get "Burned and Churned"
by your Broker Dealer?
During the recent bull market, some of the smaller
broker dealers have engaged in excessive trading in their clients
accounts. We have filed some investment fraud complaints with with losses of
$100,000 to $200,000 and total commissions of over $100,000! If
you think your broker excessively churned your account, please
contact us immediately for a free, confidential
consultation (Examples of smaller broker dealers are JP
Turner, Joseph Stevens & Co. and Oppenheimer.)
More Investment Fraud Alerts