The White Law Group is currently representing two former UBS financial advisors in a litigation matter involving their alleged promissory note obligation to UBS. Based on our preliminary investigation, it appears that these particular financial advisors were forced to leave UBS because UBS did away with a trading program that was critical to their [...]
The White Law Group is investigating investment recommendations made by former Raymond James financial advisor Robert Lipka. Specifically, we are investigating whether Mr. Lipka made unsuitable investment recommendations and failed to implement a stop loss strategy that had been discussed with his client.
According to his FINRA Broker Report (CRD), Robert Lipka was [...]
The White Law Group is investigating investment recommendations made by Signator Investors financial advisor Harris Adams. Specifically, we are investigating whether Mr. Adams inappropriately recommended that a retired investor sell one annuity and purchase a replacement annuity (often referred to as annuity switching), while also failing to disclose the tax implications of such a [...]
The White Law Group is investigating the trading practices of Morgan Stanley Smith Barney financial advisor David Sheinheit. Specifically, we are investigating whether Mr. Sheinheit inappropriately invested a retired investor’s retirement assets and/ or failed to implement a hedging strategy discussed by Mr. Sheinheit and the investor.
According to his FINRA Broker Report, Mr. Sheinheit [...]
The White Law Group is investigating possible securities fraud claims involving the Oppenheimer Champion Income Fund (OCHBX, OPCHX and OCHCX) and the Oppenheimer Core Bond Fund (OPIGX). Although marketed to investors as conservative investments, the Champion Fund and Core Bond Fund were extremely risky ventures, investing in illiquid derivatives and high risk credit default [...]
A real estate investment trust or REIT is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may be taxable, into the hands of the investors. The REIT structure was designed to provide a similar [...]
FINRA recently announced that Jennifer Evelyn Cheeseman, a former financial advisor with NY Life Securities in Stapleton, Alabama, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Cheeseman consented to the described sanctions and to findings that she altered term life insurance policies in order [...]
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with over thirty years securities law experience, including experience at FINRA (f/k/a the NASD) and the SEC.
The firm has offices in Chicago, Illinois and Boca Raton, Florida because of the obvious benefits of being located so [...]
The White Law Group is investigating a possible securities fraud claim on behalf on an investor involving former NEXT Financial financial advisor Clyde Thornburg. Specifically, we are investigating whether NEXT Financial failed to supervise Thornburg’s frequent trading of Unit Investment Trust (”UITs”) investments. Based on our preliminary investigation, it appears that Thornburg was [...]
The White Law Group is investigating possible securities fraud claims involving Morgan Stanley’s multi-billion dollar real estate investment funds. Specifically, we are investigating whether Morgan Stanley misled investors about the strategy of its real estate funds, the value of the underlying holdings in these funds, and the value of the funds prior to Morgan [...]