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Our experts frequently write blog posts about the findings of the research we are conducting.

Displaying 31-40 out of 571 results for "JOBS Act".

Extreme (Expungement) Makeover: Is Scrubbing a 30-Year Record Really Legal?

(Feb 2017)

We have written extensively about problems with FINRA's BrokerCheck system. See our blog posts on BrokerCheck.

Others have written about expungement abuses. For example, see Susan Antilla's "The Unbelievable Story of One Broker and Her Firm Fighting to Clean Her Tarnished Record".

Two weeks ago a FINRA panel rendered an extraordinary expungement award, recommending expungement of 8 awards and 3 settlements. The award in Joseph Anthony La Ferla, Jr. vs. UBS Financial Services Inc. can be viewed...

UBS Puerto Rico's COFINA Conflicts Were Even Worse Than ERS Conflicts

(Oct 2016)

We have written extensively about the wreckage caused by UBS's business model in Puerto Rico. See "UBS Puerto Rico's Bond Fund Debacle: What We Know so Far" and "Lo que Sabemos hasta Ahora de la Debacle de los Fondos de Bonos UBS Puerto Rico". All our Puerto Rico posts are available in English and in Spanish.

UBS's Farm-to-Table business model included encouraging the Employee Retirement System ("ERS") and other entities in Puerto Rico to issue bonds when no viable market except for UBS's...

This is why UBS paid the SEC $15 Million over Reverse Convertible Structured Products

(Sep 2016)

The Securities and Exchange Commission today announced a $15 million settlement with UBS over structured products linked to high volatility stocks today. The SEC press release announcing the settlement and its Order Instituting Proceedings are available on the SEC website. This post explains the underlying notes and why UBS may have paid the SEC a substantial settlement over sales practices related to UBS's reverse convertible notes ("RCNs").

UBS sold thousands of structured notes to retail...

Craig McCann's Comment Letter in Support of NASAA's REIT Guidelines

(Sep 2016)

Yesterday, Craig McCann, President of SLCG, submitted a comment letter in support of NASAA's proposed concentration limit for nontraded REITs. He also urged NASAA to find a mechanism for ensuring roll-up and advisory contract protections promised by Sponsors to investors as a condition for receiving registration permission are not summarily eliminated when capital raises end and investors truly need these protections. Read Dr. McCann's comment letter.

More on the Sordid Tale of the Global Net Lease and ARC Global Trust II Merger

(Sep 2016)

On August 11, 2016 we wrote about the recently announced merger of Global Net Lease, Inc. (GNL) and American Realty Capital Global Trust II (ARC Global Trust II). See Sacha Baron Cohen and Nicholas Schorsch - Masters of the House! ARC Global Trust II's 8-K announcing the merger (see the merger agreement).

Global Net Lease had been non-traded REIT ARC Global Trust Inc. but began trading on the NYSE under the ticker GNL on June 2, 2015. Read our full June 5, 2015 blog post on ARC Global Trust /...

Is the Securities Industry Cleaning Up Its Hiring Practices? Nope

(Aug 2016)

Our BrokerCheck study, How Widespread and Predictable is Stock Broker Misconduct? and Egan Matovs and Seru's The Market for Financial Adviser Misconduct have shined a spotlight on the persistence of bad brokers and the bad firms which give them a platform.

We have posted extensively based on our BrokerCheck research. In Have 1.3% or 7.3% of Stock Brokers Engaged in Misconduct? we explain that competing estimates of broker misconduct differ because of differences in definition of misconduct...

Sacha Baron Cohen and Nicholas Schorsch - Masters of the House!

(Aug 2016)

On Monday, Global Net Lease, Inc. (GNL) and American Realty Capital Global Trust II (ARC Global Trust II) announce a merger. Under the agreement, ARC Global Trust II shareholders will receive 2.27 shares of GNL for each share of ARC Global Trust II common stock they own, which implies $19.59 per each share of ARC Global Trust II share based on GNL's closing price as of August 5, 2016. See ARC Global Trust II's 8-K announcing the merger and merger agreement.

It's a sordid tale, worthy of a...

Another Bad Broker Falsifying his BrokerCheck

(Jul 2016)

Recently we posted about two brokers who had not disclosed that customer complaints had been adjudicated to arbitration awards in favor of the clients but rather continued to report them as pending up to 15 months after the arbitration award was rendered (Bad Brokers Falsify Their BrokerCheck Records and No One Notices) and showed that FINRA corrected these two brokers' BrokerCheck records (Bad Brokers' Incorrect Records Got Partially Corrected Last Week). Last week we identified a few more...

Things Go From Bad to Worse for BrokerCheck

(Jul 2016)

Last week we posted about two brokers who had not disclosed that customer complaints had been adjudicated to arbitration awards in favor of the clients but rather continued to report them as pending up to 15 months after the arbitration award was rendered. See Bad Brokers Falsify Their BrokerCheck Records and No One Notices. Two days ago we showed that FINRA corrected these two brokers' BrokerCheck records in Bad Brokers' Incorrect Records Got Partially Corrected Last Week. We'll let you...

This is Why Merrill Lynch Paid the SEC and FINRA $15 million over Bank of America's VOL Index-linked Structured Products.

(Jun 2016)

The Securities and Exchange Commission yesterday announced a settlement with Merrill Lynch over structured products linked to Bank of America's proprietary investable volatility index based on VIX Future contracts ("VOL Index"). The SEC press release announcing the settlement and its Order Instituting Proceedings are available on the SEC website. The companion FINRA settlement press releaseand AWC are available on the FINRA website. Bank of America published its VOL Index in 2010 and shortly...

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