Category: Blog

Abuses in the Bond World Relate to Lack of Transparency and Conflicts of Interests

Last month’s FINRA Disciplinary Actions (April 2017) triggered this bond focused post. In April of 2017, FINRA took disciplinary action against J.P. Morgan Securities and Morgan Stanley Smith Barney related to their respective bond activities. Sadly, this is far from the first time that major firms such as JP Morgan and Morgan Stanley have been sanctioned by regulators. What is unique, however, is that both were sanctioned in the same […]

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SEC Order Against UBS Further Establishes Why Investors Should Not Trust UBS

Oct 14, 2015 / Blog

SEC Order Against UBS Related to V10 Tracks Pending Claim Being Pursued by The Vernon Litigation Group and Further Establishes Why Investors Should Not Trust UBS Yesterday,  UBS and the SEC came to terms on a cease and desist order relating to the improprieties by UBS in selling a product called V10.   Last year, Vernon Litigation Group filed claims against UBS on behalf of a UBS customer related to this […]

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Vernon Litigation Group details Activity in V10 Structured Notes in Arbitration claim filed on behalf of $1 million investor

Feb 17, 2015 / Blog , Tags: , ,

The Vernon Litigation Group is currently pursuing FINRA arbitration claims against UBS Financial Services, Inc. (CRD #8174). The claims arise out of V10 structured note wrongdoing by UBS in connection with accounts in Naples, Florida, but which also involved issues in Utah, throughout the U. S., and London, England. In fact, news media in the U.S. and Europe are now reporting that UBS is currently being investigated by civil and […]

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The Campaign to Make Structured Notes Transparent: Is the SEC on a Fool’s Errand?

Apr 23, 2013 / Blog

Structured notes have been around since the 1980s, but for years sales were restricted to institutional investors.  With the recent surge in sales to retail investors, the SEC is demanding more transparency.  According to American Banker, over the past twelve months the SEC’s Office of Capital Market Trends has been trying to obtain information from Citigroup, Bank of America, JPMorgan Chase and other structured note issuers about their pricing practices and risk […]

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