Category: Blog

Vernon Litigation Group Investigates Catalyst Capital Advisors

Aug 25, 2020 / Blog

New York-based alternative asset management firm Catalyst Capital Advisors recently paid over $10.5 million in SEC fines for misleading investors about its risk parameters for one of its mutual funds. The Securities and Exchange Commission investigated Catalyst after the firm lost more than $700 million in just three months from December 2016 to February 2017. This loss represented nearly 20% of the fund’s total assets. According to SEC documents, the […]

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Cyber Insurance is Becoming Necessary for Small Businesses

Aug 13, 2020 / Blog

$75 Billion. That’s the total amount of money that ransomware costs businesses per year. Ransomware is one of the most common types of cyber attacks used by cybercriminals to steal or block access to data. Cyber attacks are often not a matter of “if,” but “when.” While the occurrence of cyber attacks continues to increase rapidly, most businesses fail to prepare for them. Even businesses implementing the best cybersecurity systems […]

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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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