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Menzer Hill, P.A. Announces Investigation
Legal Focuses |
2010/09/08 09:26
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strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. Announces Investigation Into The Sales Practices Of Broker-Dealers That Solicited Purchases of Inverse and Leveraged Exchange-Traded Funds (ETFs)
/strongThe Securities Arbitration Firm of Menzer amp; Hill, P.A. (a href=http://www.suemyadvisor.com/www.suemyadvisor.com/a) announced today that it is investigating the sales practices of brokerage firms that solicited investors to buy leveraged and inversed Exchanged-Traded Funds (“ETFs”). Many brokerage firms, through their financial advisors, are soliciting purchases in these securities as investments, with holding periods longer than one day, while others are recommending option strategies on the underlying ETFs. The Financial Industry Regulatory Authority (“FINRA”), stated in a Regulatory Notice, sent to brokerage firms June 2009, that leveraged and inverse ETFs are “highly complex financial instruments” and “are typically not suitable for retail investors who plan to hold them for more than one trading [day], particularly in volatile markets.” Brokerage firms that failed to adhere to suitability requirements could be held liable to investors that sustained losses in solicited purchases of leveraged and inverse ETFs as a result. pInvestors that have purchased leveraged or inverse ETFs through a brokerage account or managed account offered by Merrill Lynch, a subsidiary of Bank of America (NYSE:BAC), Morgan Stanley Smith Barney (NYSE:MS), Wells Fargo Advisors (NYSE:WFC), Ameriprise Financial (NYSE:AMP), UBS (NYSE:UBS), LPL Financial, Raymond James (NYSE:RJF), Edward Jones, or other brokerage firms and have sustained losses should contact the attorneys at the Securities Arbitration Firm of Menzer amp; Hill, P.A. to determine if they have a claim for a recovery of losses. /ppLeveraged and inverse ETFs can be volatile and investors may have realized or unrealized losses in the following ETFs year to date, including but not limited to: /ptable id=t6420933_1 class=bwtablebottommargin cellspacing=0tbodytrtd id=t6420933_1_0_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftDRV down 63% (NYSEArca: DRV); /td/trtrtd id=t6420933_1_1_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTMV down 46% (NYSEArca: TMV); /td/trtrtd id=t6420933_1_2_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftVXX down 44% (NYSEArca: VXX); /td/trtrtd id=t6420933_1_3_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftSRS down 43% (NYSEArca: SRS); /td/trtrtd id=t6420933_1_4_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftZSL down 42% (NYSEArca: ZSL); /td/trtrtd id=t6420933_1_5_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftGAZ down 38% (NYSEArca: GAZ); /td/trtrtd id=t6420933_1_6_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTZA down 36% (NYSEArca: TZA); /td/trtrtd id=t6420933_1_7_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUNG down 35% (NYSEArca: UNG); /td/trtrtd id=t6420933_1_8_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftTBT down 34% (NYSEArca: TBT); /td/trtrtd id=t6420933_1_9_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftFAZ down 29% (NYSEArca: FAZ); and /td/trtrtd id=t6420933_1_10_46200 class=bwcellpaddingleft0 bwverticalaligntop bwtextalignleftUCO down 28% (NYSEArca: UCO). /td/tr/tbody/tablepFor a free case evaluation or to discuss any other investment losses, please contact the Securities Arbitration Firm of Menzer amp; Hill, P.A., at 888-923-9223, or visit us on the web at a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=2amp;md5=42f88a77817321b3764807a671c4f30d target=_blankwww.suemyadvisor.com/a. /pdiv id=releaseBottomdiv id=contactsdiv id=contactsBody class=bddiv class=cpMenzer amp; Hill, P.A.
Gary Menzer, 888-923-9223
a href=http://cts.businesswire.com/ct/CT?id=smartlinkamp;url=http%3A%2F%2Fwww.suemyadvisor.comamp;esheet=6420934amp;lan=en-USamp;anchor=www.suemyadvisor.comamp;index=3amp;md5=74419b7bab2fc6896122e36968209bd0 target=_blankwww.suemyadvisor.com/a /p/div/div/div/div |
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Lustful Court residents tire of sinful street name
Headline News |
2010/09/07 09:29
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| Some residents of Lustful Court in a central Georgia community say they're tired of being kidded and want the street's sin-friendly name changed.pBibb County Commissioner Lonzy Edwards brought up a possible name change Tuesday after receiving complaints./ppLustful Court resident Michelle Washington says the name sparks laughter and confusion when she tells people where she lives./ppYoshonda Patterson says she thinks the name gives people the wrong idea about the neighborhood on the east side of Macon./ppAfter listening to residents, commissioners decided they'll consider the change if neighbors start a petition./ppThe street is in a subdivision and no one could recall where the name originated./p |
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Menzer Hill, P.A. - Securities Attorneys
Marketing |
2010/09/01 11:48
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div class=contentpaneopenstrongMenzer amp; Hill, P.A./strong represents investors in the recovery of losses at the result of brokerage firms' failure to supervise their financial advisors who engage in unsuitable investment recommendations, the excessive trading of investors' accounts, inappropriate allocation of portfolio assets, misrepresentations
and/or material omissions of fact resulting in fraud, negligence, breach of fiduciary duties, selling away, failure to advise their clients of risk management strategies and excessive use of margin.
In addition to their legal and arbitration experience, the attorneys and founding partners of Menzer amp; Hill, P.A. bring with them extensive securities industry experience which
include in-house and chief corporate brokerage counsel, chief compliance officer supervising and regulating the practice of stockbrokers and financial advisors, as well as sales experience with advising clients and recommending the sale of securities and insurance.nbsp; The attorneys and founding partners have essentially switched hats where they once represented the industry and broker-dealers, they now represent aggrieved investors.nbsp; This yields a unique experience giving the firm intimate knowledge of the misconduct of
brokers and the details and nuances of the securities and insurance products they recommend.
strongAttorneys/strong/divdiv class=contentpaneopenullia href=http://www.suemyadvisor.com/attorney-profiles/michael-hillfont color=#330000Michael S.Hill/font/a/li
lia href=http://www.suemyadvisor.com/attorney-profiles/gary-s-menzerfont color=#330000Gary S. Menzer/font/a/li/ul/div |
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DOJ's elite Public Integrity unit gets new leader
Law Firm News |
2010/08/30 09:02
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| pThe Justice Department's Public Integrity Section has a storied 34-year history of pursuing corruption in government and safeguarding the public trust./ppThat trust was breached, however, when some of the unit's prosecutors failed to turn over evidence favorable to the defense in their high-profile criminal trial of Sen. Ted Stevens, R-Alaska, who died earlier this month in a plane crash./ppNow Jack Smith, a 41-year-old prosecutor with a love for courtroom work and an impressive record, has been brought in to restore the elite unit's credibility./ppBefore Stevens, Public Integrity's renown was built on large successes — like the prosecution of the Jack Abramoff lobbying scandal and convictions of federal and state judges, members of Congress and state legislators, military officers, federal lawmen and bureaucrats and their state counterparts over the years./ppBut its stumble — not disclosing exculpatory evidence as Supreme Court precedent requires — was equally large. It was so serious that Attorney General Eric Holder, one of Public Integrity's distinguished alums, stepped in and asked a federal judge to throw out Stevens' convictions./p |
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Thousands sign on for $10 billion BP suit
Court Watch |
2010/08/30 07:01
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| pThe revelation that BP's Texas City refinery emitted toxic benzene for more than a month has ignited a furor in the port community that has suffered its share of deadly industrial accidents and toxic spills./ppThousands of residents who fear they may have been exposed to the known carcinogen released at the oil refinery from April 6 to May 16 have been flooding parking lots and conference halls where local trial attorneys hosted information sessions and sought clients for class-action lawsuits against the oil giant./ppBP faces the new challenge just as it is reaching a key milestone in another crisis — plugging the Gulf of Mexico well that blew out in an oil spill disaster that is costing the company billions of dollars./ppOn Wednesday, more than 3,400 people lined the hallways and sidewalks around the Nessler Center to sign on to a $10 billion class-action lawsuit filed Tuesday in Galveston federal court by Friendswood attorney Anthony Buzbee. /ppThe lawsuit alleges the release of 500,000 pounds of chemicals - including 17,000 pounds of benzene - has jeopardized the health and property values of people who live and work in the area. At the nearby College of the Mainland, a separate town hall meeting drew a crowd of 600. /p |
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Utah court rejects appeal from polygamous sect
Law Center |
2010/08/30 03:01
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pUtah's Supreme Court has rejected a petition from members of a southern Utah-based polygamous sect seeking a reversal of changes made to its communal land trust./ppIn a ruling issued Friday, justices say members of the Fundamentalist Church of Jesus Christ of Latter Day Saints waited too long to challenge the state's intervention in the United Effort Plan Trust./ppValued at $110 million, the trust holds the property in Hildale, Utah and Colorado City, Ariz., the twin border towns where most church members live./ppUtah seized the trust in 2005 after allegations of mismanagement by church leaders. A court-appointed accountant has since converted the trust into a secular entity./ppFLDS members consider state control of the UEP a violation of their religious rights.
/p |
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