Smiley Bishop & Porter LLP

Securities Arbitration & Business Litigation Attorneys

(800) 697-4514
Menu
  • The Firm
    • Firm Overview
    • Attorney Profiles
    • Who We Serve
  • Practice Areas
    • Arbitration Against Stockbrokers
    • Securities
    • Auction Rate Securities Lawyers
  • Cases & Investigations
    • Winning Cases
    • Current Investigations
  • News
    • Firm News
    • SBP In The Press
  • Investor Resources
    • Articles
    • Investment Products
    • Churning Calculator
    • Books for Investors
    • Notable Quotes
    • Helpful Links
  • Blog
  • Payment
    • Pay Invoice
    • Pay Retainer
  • Contact Us

FINRA Head Explains Perils of Complex Investment Products

October 31, 2012 by lmitchum

Richard G. Ketchum, Chairman and CEO of FINRA, appeared before the securities industry trade group SIFMA at its Complex Products Forum on September 27, 2012 in New York to admonish brokerage firms about the perils and obligations involved in marketing complex investment products to investors. According to Ketchum, while there is no legal definition of […]

Filed Under: Blog Tagged With: asset-backed securities, Atlanta investment fraud attorney, Atlanta Securities arbitration attorney, Atlanta securities law firm, Atlanta Securities Lawyers, Atlanta stock fraud attorney, Collateralized Debt Obligations, complex investment products, FINRA, leveraged and inverse ETFs, structured notes

A Selective Overview of Provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act

September 20, 2011 by jordan

Reasons for the Act Inspired by the financial meltdown of 2007-2010 Home market collapsed: total home equity in US dropped from $13 trillion in 2006 to  $8.8 trillion by  mid-2008, foreclosures Over 100 mortgage lenders  went bankrupt in  2007-08 Money market funds experience mass withdrawals ($144.5 billion in a week, compared to $7.1 prior week) […]

Filed Under: Articles Tagged With: Auction Rate Securities, Collateralized Debt Obligations, Lehman Brothers, SEC, Securities Law Firm

If You Want More Fraud, Try Cutting The SEC’S Budget

May 5, 2011 by jordan

The SEC’s budget is the topic of hot debate, with SEC Chair Mary Schapiro begging Congress not to make further cuts to the agency that is charged with policing our securities laws. It is distressing to contemplate that this is even up for discussion at a time when investors are still climbing out of the […]

Filed Under: Blog Tagged With: Collateralized Debt Obligations, Investment Fraud Attorney, SEC, Securities Law Firm, Stock Fraud Attorney

Wells Fargo Settles SEC Claims that Wachovia Sold CDOs to Indian Tribe at Inflated Prices in 2007

April 5, 2011 by jordan

The SEC announced on April 5, 2011 that Wells Fargo Securities agreed to a multi-million dollar settlement of charges that one of its units, Wachovia Capital Markets (which is now a part of Wells Fargo), committed securities fraud when it sold the Zuni Indian tribe complex securities known as collateralized debt obligations (CDOs) which are […]

Filed Under: Blog Tagged With: Collateralized Debt Obligations, SEC, Securities Law Firm, Wachovia, Wells Fargo

Regions Morgan Keegan Bond Funds

March 10, 2011 by lmitchum

Smiley Bishop & Porter LLP has represented a number of individual and institutional investors who bought shares of Morgan Keegan’s RMK High Yield Bond Funds. RMK Funds were marketed as low risk investments, despite a high concentration in subprime mortgage-backed securities and collateralized debt obligations. A particular problem was that the funds invested in low […]

Filed Under: Current Investigations Tagged With: Collateralized Debt Obligations, FINRA, FINRA Arbitration, Investment Fraud Attorney, Morgan Keegan, SEC, Securities Arbitration Attorney, Securities Fraud Lawyer, Securities Law Firm, Securities Lawyers, Stock Fraud Attorney

FINRA CEO Expresses Concerns About Investment Products

February 8, 2011 by lmitchum

FINRA CEO Expresses Concerns About Investment Products

Rick Ketchum, Chairman and CEO of the Financial Industry Regulatory Authority (FINRA), recently spoke at the CCOutreach BD National Seminar. Ketchum addressed some specific product concerns: Over the last couple of years, FINRA has issued a number of Regulatory Notices related to products that have raised concerns for us from an investor protection standpoint. As […]

Filed Under: Blog Tagged With: Collateralized Debt Obligations, FINRA, Private Placements, Securities Lawyers, Stock Fraud Attorney

Arbitrator Out of Work? Call FINRA

February 5, 2010 by lmitchum

Arbitrator Out of Work? Call FINRA

Wall Street Journal cites Brian Smiley on FINRA’s efforts to recruit arbitrators to handle Morgan Keegan claims. Wall Street needs an army of arbitrators to clean up the mess left by the headline-grabbing collapse of three mutual funds stuffed with collateralized debt obligations and other subprime-related securities.

Filed Under: SBP In The Press Tagged With: Collateralized Debt Obligations, FINRA, FINRA Arbitration, Morgan Keegan, Securities Fraud Lawyer

Selling Toxic Debt to Seniors

August 7, 2008 by lmitchum

Selling Toxic Debt to Seniors

Business Week quotes Brian Smiley on toxic debt in bond funds sold to seniors. The subprime securities that created carnage on Wall Street are bringing new pain to Main Street. Regulators in five states are investigating whether Memphis brokerage Morgan Keegan failed to disclose the risks of seven mutual funds stuffed with toxic debt and […]

Filed Under: SBP In The Press Tagged With: Collateralized Debt Obligations, Investment Fraud Attorney, Morgan Keegan, Stock Fraud Attorney

News

  • » Home
  • » Firm News
  • » SBP In The Press
Fill out my online form.

6075 Barfield Rd. | Suite 1150 | Atlanta, GA 30328 |(770) 829.3850 | Toll Free (800) 697.4514

Copyright© 2020, Smiley Bishop & Porter LLP. All Rights Reserved. Home | Disclaimer | Contact

Hosting by Packawhallop

SuperLawyers 2011