http://www.stockattorneysblog.com/ Published by Blum & Silver, LLP en-us 2010-02-17T09:19:44-05:00 http://www.stockattorneysblog.com/2010/02/finra_fines_hr_block_financial.html The Financial Industry Regulatory Authority (FINRA) announced its first enforcement action involving the sales of reverse convertible notes (RCNs) — fining H&R Block Financial Advisors, Inc., (n/k/a Ameriprise Advisor Services, Inc.) $200,000 for failing to establish adequate supervisory systems and... Blum & Silver, LLP 2010-02-17T09:19:44-05:00 http://www.stockattorneysblog.com/2010/02/blum_silver_llp_investigates_m.html Blum & Silver, LLP is currently investigating former financial advisor Michael Joseph DiMare. According to sources, DiMare solicited his clients to invest approximately $2,000,000 in Ponzi schemes and other faux investment opportunities. DiMare started the scheme in 2001, offering investors... Ponzi Schemes Blum & Silver, LLP 2010-02-11T18:03:37-05:00 http://www.stockattorneysblog.com/2010/01/medical_capital_investor_alert.html On Tuesday, the Commonwealth of Massachusetts filed a regulatory action against Securities America, Inc., accusing the brokerage firm of committing securities fraud on a massive scale. Specifically, Securities America sold approximately $697 million in promissory notes that were issued by... Medical Capital Blum & Silver, LLP 2010-01-28T09:23:53-05:00 http://www.stockattorneysblog.com/2010/01/medical_capital_investors_stil.html The court-appointed receiver for the Medical Capital fraud filed his sixth status report on January 11, 2010. As with the receiver’s earlier reports, this report outlines the various fraudulent aspects of the Medical Capital entities. The report also reveals the... Medical Capital Blum & Silver, LLP 2010-01-26T14:16:55-05:00 http://www.stockattorneysblog.com/2010/01/increased_finra_arbitration_in.html According to the Financial Industry Regulatory Authority (FINRA), 7,137 arbitration cases were filed by investors last year, up 43 percent from 2008 and more than doubling the number of cases filed in 2007. The volume of cases increased in every... Blum & Silver, LLP 2010-01-25T13:00:35-05:00 http://www.stockattorneysblog.com/2010/01/2009_the_year_of_the_ponzi_sch_1.html In 2009, 150 Ponzi schemes unraveled; investors lost $16.5B Medical Capital Blum & Silver, LLP 2010-01-13T15:37:42-05:00 http://www.stockattorneysblog.com/2009/12/finra_expresses_concern_about.html FINRA issued a regulatory notice this month to remind brokerage firms of their sales practice obligations relating to the sale of principal protected notes. The executive summary provides: The retail market for principal-protected notes (PPNs) has grown in recent years,... Lehman/UBS Blum & Silver, LLP 2009-12-30T20:16:21-05:00 http://www.stockattorneysblog.com/2009/12/scott_silver_of_blum_silver_ll.html Scott L. Silver of Blum & Silver, LLP was recently awarded the most effective Securities Lawyer in South Florida by the Daily Business Review. Mr. Silver received this esteemed accolade for his success in obtaining one of the largest arbitration... Blum & Silver, LLP 2009-12-11T17:13:50-05:00 http://www.stockattorneysblog.com/2009/12/investor_wins_arbitration_awar.html On December 4, 2009, the Wall Street Journal reported that a FINRA Arbitration Panel awarded an investor $200,000.00 against UBS because the broker inappropriately sold her risky Lehman Brothers principal protected notes. Blum & Silver, LLP is representing investors in... Blum & Silver, LLP 2009-12-08T17:11:10-05:00 http://www.stockattorneysblog.com/2009/11/brokerdealers_negligent_in_the.html Provident Royalties and Medical Capital securities were both offered under Regulation D of the Securities Act (or Reg D). Reg D contains exemptions from the registration requirements, allowing some issuer companies to offer and sell their securities without having to... Provident Royalties Blum & Silver, LLP 2009-11-30T17:08:40-05:00