California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Securities
Broker Misrepresentation
Brokerage Firms Sued
FINRA
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Misconduct
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Products
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog

Categories

legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Name:
Email:
Phone:
Are you a new client?
Message:
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Recent Posts in Reverse Convertibles Category

Banks and Brokers Recommending Risky Reverse Convertibles to Combat Volatility Despite Prior Discipline

Though one might think banks and brokerages would choose simplicity in the wake of February's volatility-induced panic when uninformed brokers took on too much risk, it turns out the market for ...
Continue reading "Banks and Brokers Recommending Risky Reverse Convertibles to Combat Volatility Despite Prior Discipline" »

Wells Fargo Wealth Management Investigated for Unsuitable Investments, Self-Dealing

With Wells Fargo's credit card and savings divisions already disciplined by the Federal Reserve over a fake account scandal during which the bank opened bogus accounts on behalf of its customers, ...
Continue reading "Wells Fargo Wealth Management Investigated for Unsuitable Investments, Self-Dealing" »

Goldman Sachs Structured Products, Reverse Convertibles, Suitability, and the Fiduciary Rule

Structured products, including reverse convertibles—fee-based, fixed income products—can pose supervisory challenges for firms. When it comes to matters of suitability, as evidenced by a ...
Continue reading "Goldman Sachs Structured Products, Reverse Convertibles, Suitability, and the Fiduciary Rule" »

Wells Fargo to Restrict Structured Products, Municipal Bonds in IRA Accounts

In anticipation of a new Department of Labor fiduciary rule to take effect June 9, Wells Fargo Advisors will prohibit the sale of structured products in IRA accounts. In all, Wells Fargo will prohibit ...
Continue reading "Wells Fargo to Restrict Structured Products, Municipal Bonds in IRA Accounts" »

Stockcross Financial Services of Beverly Hills Fined for Supervisory Violations, Failing to Timely Publish OTC Bids

FINRA censured and fined StockCross Financial Services of Beverly Hills $50,000 for failing to immediately publish a bid to reflect the price and size of 25 customer limit orders for over-the-counter ...
Continue reading "Stockcross Financial Services of Beverly Hills Fined for Supervisory Violations, Failing to Timely Publish OTC Bids" »

UBS to Pay $15 Million over Unsuitable Reverse Convertible Note Sales to Conservative and Retired Investors

UBS Financial Services and the SEC reached agreement for the firm to pay $15 million to settle charges that it failed to supervise, educate, and train staff regarding complex products known as reverse ...
Continue reading "UBS to Pay $15 Million over Unsuitable Reverse Convertible Note Sales to Conservative and Retired Investors" »

'Real Housewives of Beverly Hills' StockCross Financial Services Firm Fined for Naked Short Selling

FINRA fined Southern California-based StockCross Financial Services $800,000 for short-selling without first borrowing or delivering transacted shares for settlement as required by the SEC's ...
Continue reading "'Real Housewives of Beverly Hills' StockCross Financial Services Firm Fined for Naked Short Selling" »

SEC to Fight Financial Elder Abuse and Fraud by Upping Broker and Advisor Oversight in Retirement Accounts

The SEC is increasing scrutiny in its reviews of retirement account and investments targeted to seniors, releasing a "National Exam Program Risk Alert" vowing to focus on brokers and ...
Continue reading "SEC to Fight Financial Elder Abuse and Fraud by Upping Broker and Advisor Oversight in Retirement Accounts" »

Larry M. Phillips Fined, Suspended, Restitution Ordered for Overcharging Customers

FINRA suspended Purshe Kaplan Sterling Investments broker Larry M. Phillips of Woodland Hills, California and ordered him to pay fines and restitutions totaling over $10,000 for overcharging certain ...
Continue reading "Larry M. Phillips Fined, Suspended, Restitution Ordered for Overcharging Customers" »

FINRA Fines RBC $1 Million, Orders $434,000 in Restitution for Reverse Convertible Failures

FINRA ordered RBC Capital Markets to pay over $1.4 million in fines and restitution to customers for a variety of supervisory failures that FINRA says resulted in several hundreds of sales of the ...
Continue reading "FINRA Fines RBC $1 Million, Orders $434,000 in Restitution for Reverse Convertible Failures" »

Concentration Risk: The Implications of Putting All Your Eggs in One Basket

Concentration risk occurs when a large portion of a portfolio's holdings is in a particular investment relative to the overall portfolio. This can be caused or perpetuated through: >> ...
Continue reading "Concentration Risk: The Implications of Putting All Your Eggs in One Basket" »

SEC National Exam Program Issues Broker-Dealers Priorities List for 2014

The Securities and Exchange Commission's Office of Compliance Inspections and Examinations issued examination priorities for 2014 as part of the office's National Exam Program, whose mission ...
Continue reading "SEC National Exam Program Issues Broker-Dealers Priorities List for 2014" »

FINRA to Firms: Investment by Seniors Subject to Special Compliance Considerations

FINRA, the SEC and NASAA have all issued 2014 notices to member firms, brokers and financial advisers regarding how products and services may, should and should not be marketed and sold to senior ...
Continue reading "FINRA to Firms: Investment by Seniors Subject to Special Compliance Considerations" »

558% Increase in Reverse Convertible Sales at Bank of America Signifies Acceptance of Increased Volatility and Risk

Bank of America reported $259.2 million in sales of structured notes linked to a single stock between January and October of 2013, over five and-a-half times greater than the $46.4 million sold ...
Continue reading "558% Increase in Reverse Convertible Sales at Bank of America Signifies Acceptance of Increased Volatility and Risk" »

A Survey of Reverse Convertible Risks as Bank of America Takes Structured Note Sales Title

As Bank of America flies into the structured note sales lead amongst US investment firms with $3.28 billion of issuance with $3.04 billion (94%) linked to equities, an overview of the risks associated ...
Continue reading "A Survey of Reverse Convertible Risks as Bank of America Takes Structured Note Sales Title" »

FINRA: Firms Must Adhere to Industry Rules and Be Honest with Investors

On May 21, 2013, FINRA chairman and CEO Richard Ketchum praised firms' overall improvement in increasing compliance with industry rules, but stated there is still work to be done. Specifically, ...
Continue reading "FINRA: Firms Must Adhere to Industry Rules and Be Honest with Investors" »

Revenge of the Reverse Convertible - Apple

In September 2012, Apple shares ("AAPL") were valued at more than $700 per share. As of January 25, 2013, they closed at $439.88 per share. The losses to the stock's investors is ugly. ...
Continue reading "Revenge of the Reverse Convertible - Apple" »

Alfred Chi Chen Barred for Unauthorized Trading, Unsuitable Recommendations

The Financial Industry Regulatory Authority (FINRA) barred broker Alfred Chi Chen of Antelope, California for engaging in unauthorized transactions and making unsuitable recommendations to customers ...
Continue reading "Alfred Chi Chen Barred for Unauthorized Trading, Unsuitable Recommendations" »

Merrill Lynch Fined $2.8 Million for Overcharging Customers $32 Million in Fees

The Financial Industry and Regulatory Authority (FINRA) fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $2.8 million for overcharging customers by $32 million in excessive fees related to the ...
Continue reading "Merrill Lynch Fined $2.8 Million for Overcharging Customers $32 Million in Fees" »

Merrill Lynch Fined $450,000 for Poor Supervisory System Related to Structured Products

The Financial Industry Regulatory Authority (FINRA) fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $450,000 for failure to maintain a satisfactory supervisory system over the sale of ...
Continue reading "Merrill Lynch Fined $450,000 for Poor Supervisory System Related to Structured Products" »
accolades
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.
Website: