http://www.stockattorneysblog.com/ Published by Blum & Silver, LLP en-us 2010-08-25T11:20:20-05:00 http://www.stockattorneysblog.com/2010/08/montana_regulator_sues_securit.html Earlier this month the Montana Commissioner of Securities sued Securities America and some of its executives over the sale of Medical Capital, a failed private placement accused of being a Ponzi scheme. Montana is the second state to sue Securities... Blum & Silver, LLP 2010-08-25T11:20:20-05:00 http://www.stockattorneysblog.com/2010/08/blum_silver_represntig_investo.html Blum & Silver, LLP is representing investors who were recommended and sold ProShares Funds and other ETFs by their brokers. These funds have subjected investors to substantially more risk than was disclosed and resulted in enormous losses by investors. These... Blum & Silver, LLP 2010-08-25T11:11:37-05:00 http://www.stockattorneysblog.com/2010/07/scott_l_silver_esq_selected_for_florida_trends_2010_florida_legal_elite.html Blum & Silver, LLP is pleased to announce that Managing Partner, Scott L. Silver, was named to Florida Trend magazine’s 2010 Florida Legal Elite, a select group comprising of the top 1.8% percent of lawyers practicing in Florida. The lawyers... Blum & Silver, LLP 2010-07-12T16:53:04-05:00 http://www.stockattorneysblog.com/2010/07/sec_looking_at_the_sale_of_pri.html The Securities and Exchange Commission (SEC) is reviewing how financial companies market principal protected notes (PPNs), according to Bloomberg news. The SEC's inquiry is focused on how companies describe the products' risks and whether the term "principal protected" is misleading... Lehman/UBS Blum & Silver, LLP 2010-07-06T12:46:03-05:00 http://www.stockattorneysblog.com/2010/04/the_united_states_securities_e.html The United States Securities Exchange Commission (SEC) today brought a securities fraud action against Goldman Sachs and one of its vice presidents, accusing them of misstating and omitting key facts about a financial product tied to subprime mortgages it sold... Blum & Silver, LLP 2010-04-16T16:54:24-05:00 http://www.stockattorneysblog.com/2010/04/hightower_securities_broker_cu.html Hightower Securities, a high-end broker-dealer that promotes itself as putting its clients first, is facing litigation over the sale of notes into a feeder fund for a $1.2 billion Ponzi scheme. Curtis Lyman, a Hightower broker based out of its... Ponzi Schemes Blum & Silver, LLP 2010-04-01T15:59:45-05:00 http://www.stockattorneysblog.com/2010/04/broker_and_investment_author_bambi_holzer_facing_complaints_for_the_sale_of_provident_shale_royalties_ponzi_scheme.html Wedbush Morgan broker Bambi Holzer, whose employment background is filled with customer complaints for the sale of variable annuities, is now facing new complaints for the sale of Provident Shale Royalties private placement investments. Provident has been accused of being... Ponzi Schemes Blum & Silver, LLP 2010-04-01T15:57:51-05:00 http://www.stockattorneysblog.com/2010/03/finra_expels_provident_asset_m.html Today the Financial Industry Regulatory Authority (FINRA) announced that it has expelled Provident Asset Management, LLC, the affiliate broker-dealer of Provident Shale Royalties that marketed the fraudulent Ponzi scheme private placement investments. FINRA proclaims it is actively investigating other broker-dealers... Provident Royalties Blum & Silver, LLP 2010-03-19T09:07:27-05:00 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