FORT LAUDERDALE, FL (January 13, 2016) – Silver Law Group and the Law Firm of David R. Chase, P.A. announce their investigation into the suitability of recommendations made by Morgan Stanley financial advisors to their retail clients to purchase Seadrill, Cobalt International Energy and other oil and gas investments, including master limited partnerships (MLPs). The...Read More

FORT LAUDERDALE, FL (January 12, 2016) – Silver Law Group and the Law Firm of David R. Chase, P.A. announce their investigation into the suitability of recommendations made by Raymond James financial advisors to their retail clients to purchase Linn Energy (“LINE”) and other oil and gas investments, including master limited partnerships (MLPs). The Law...Read More

UBS has agreed to pay $17.5 million to settle charges from the U.S. Securities and Exchange Commission that the UBS Willow Fund changed its investment strategy focused on distressed debt without informing investors and subsequently lost over 80% of its value. However, investors have lost millions of dollars which have not been recovered. UBS Willow...Read More

The Law Firm of David R. Chase, headed by former SEC Prosecutor and stockbroker fraud lawyer, David R. Chase, is investigating possible customer claims of unsuitability and over-concentration with respect to Morgan Stanley Smith Barney’s (Morgan Stanley) representatives’ recommendations of Cobalt International Energy (ticker: CIE) and Seadrill Ltd. (ticker: SDRL). The share prices of Cobalt...Read More

The Law Firm of David R. Chase, headed by former SEC Prosecutor, David R. Chase, is investigating possible customer claims of unauthorized trading and improper discretionary trading by Tom A. Puentes, formerly a broker with Morgan Stanley Smith Barney (Morgan Stanley). Morgan Stanley discharged Tom Puentes from employment on October 30, 2014, due to “allegations...Read More

The Law Firm of David R. Chase, PA, headed by former SEC Prosecutor, David R. Chase, is investigating legal claims against potentially responsible parties for losses sustained by customers of NSM Securities, LLC. The Financial Industry Regulatory Authority, FINRA, expelled NSM Securities from the securities industry, alleging multiple violations of securities industry rules. In FINRA’s...Read More

The Law Firm of David R. Chase, PA, headed by former SEC Prosecutor, David R. Chase, is investigating possible claims of selling away by Houston based stock broker James “Jeb” Bashaw. Bashaw was associated with LPL Financial LLC in Houston, Texas from November 2001 up through his termination in September 2014. LPL Financial allegedly terminated...Read More

UBS is hit with a $3.6 million fine and must pay back $1.7 million in restitution for sale of Puerto Rico closed-end mutual funds. UBS Financial Services Incorporated of Puerto Rico (UBS) has cut a deal with Puerto Rico’s Office of the Commissioner of Financial Institutions (OCFI) in connection with UBS’s sales of closed-end mutual funds...Read More

The press has reported that Merrill Lynch recently fired two veteran brokers, Stephen Brown and James Goetz, for recommending clients to invest in a hedge fund outside Merrill Lynch, without Merrill Lynch’s knowledge and permission.  It is reported that Messrs. Brown and Goetz managed approximately $2.5 billion in assets and were part of Merrill’s Private...Read More

The Securities and Exchange Commission (SEC) has sued Matthew Bell for securities fraud, alleging he was involved in a massive pump-and-dump stock manipulation scheme. Mr. Bell was also indicted by the United States Attorney’s Office in the Eastern District of New York on similar charges. The penny stock manipulation scheme involved a few different stocks,...Read More