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FINRA Cautions Investors: Alternative Funds Are Not Typical Mutual Funds

By George Miller of Shustak Reynolds & Partners, P.C. posted on Tuesday, June 11, 2013.

FINRA issued its latest “investor alert” warning the public about increasingly-popular alternative mutual funds. According to FINRA, alternative mutual funds–sometimes referred to as “alt funds”–are publicly offered, SEC-registered funds that hold more non-traditional assets and employ more complex […] Read More

Investors Sue to Recover Losses Stemming from UBS Willow Fund

By George Miller of Shustak Reynolds & Partners, P.C. posted on Friday, April 5, 2013.

Investors in UBS Willow Fund, L.L.C. (the “Willow Fund”), which was sponsored and sold by UBS Financial Services, Inc., have begun filing claims to recover significant investment losses allegedly caused by the fund manager’s decision to shift his investment strategy and invest […] Read More

Shustak Reynolds & Partners Speaking to Ventures Trust II Investors

By George Miller of Shustak Reynolds & Partners, P.C. posted on Friday, March 29, 2013.

Shustak Reynolds & Partners, P.C. announces that it has been retained to represent several individuals in connection with the Ponzi scheme fraud allegedly perpetrated by PAUL TABET, his wife,JENIFER TABET and former Oregon politician CRAIG BERKMAN. PAUL TABET and CRAIG BERKMAN purportedly managed venture capital fund VENTURES TRUST II which, they claimed, had […] Read More

NASAA Cautions Against Crowdfunding Investments

By George Miller of Shustak Reynolds & Partners, P.C. posted on Monday, March 25, 2013.

March 25, 2013. The North American Securities Administrators Association (NASAA) was founded in 1919 and is one of the oldest investor protection organizations in the country. NASAA routinely publishes a list of its “top investor threats.” For 2013, a rapidly growing, often risky investment […] Read More

UPDATE: Schwab Wins Fight Over Class Action Waivers, For Now

By George Miller of Shustak Reynolds & Partners, P.C. posted on Monday, February 25, 2013.

Just over one year ago, FINRA initiated disciplinary proceedings against Charles Schwab & Co. claiming, amongst other things, that the firm violated FINRA rules by requiring customers to sign agreements containing broadly-worded class action waivers. In an unusually long, 48-page written decision issued last […] Read More

UBS Admits Role in Massive Libor Interest Rate Scandal, Will Pay $1.5 Billion Fine

By George Miller of Shustak Reynolds & Partners, P.C. posted on Thursday, December 20, 2012.

December 20, 2012. UBS has agreed to pay a $1.5 billion fine after after regulators in the United States, United Kingdom and Switzerland alleged the firm had lead a huge conspiracy to artificially inflate the Libor interest rate. In somewhat of a rare move, the […] Read More

Rancho Santa Fe “Investment Guru” Pleads Not Guilty to Fraud Charge

By George Miller of Shustak Reynolds & Partners, P.C. posted on Wednesday, October 10, 2012.

Earlier this year, the Securities and Exchange Commission charged James B. Catledge, Derek F.C. Elliott and several related entities with fraud in connection with the sale of unregistered investments in the “Juan Dolio Resort” and another property located in the Dominican Republic. According to […] Read More

SEC Accuses San Diego Advisor Ray Lucia of Misleading Investors

By George Miller of Shustak Reynolds & Partners, P.C. posted on Thursday, September 6, 2012.

In early September 2012, the SEC initiated formal cease and desist proceedings against San Diego-based financial advisor Raymond J. Lucia, Sr. and his company, Raymond J. Lucia Companies, Inc. According to the SEC, Lucia mislead investors by claiming his proprietary “Buckets of […] Read More

Morgan Stanley’s New “3D” Technology Platform Widely Criticized

By George Miller of Shustak Reynolds & Partners, P.C. posted on Friday, August 31, 2012.

In the spring of 2012, Morgan Stanley Smith Barney began rolling out its new “3D” trading platform. Since its debut, the system has been widely criticized by brokers as being plagued by bugs, design flaws and glitches. While intended to be […] Read More

Merrill Lynch to Pay $40 Million in Deferred Comp Class Action Suit

By George Miller of Shustak Reynolds & Partners, P.C. posted on Thursday, August 30, 2012.

In late August, Merrill Lynch agreed to a proposed $40 million class action settlement to settle claims the firm refused to pay deferred compensation owed to its brokers after its 2008 merger with Bank of America. The case, which involves a class […] Read More