Following close on the heels of a downgrade by Standard & Poor’s, Moody’s Investors Services became the second rating agency in a week to cut[...]
Investment News
Standard & Poor’s downgraded Puerto Rico’s general obligation bonds one level from the lowest investment-grade status of triple-B-minus to double-B-plus on February 4, 2014. The[...]
Financial Times recently reported that investors in Puerto Rico’s debt, including hedge funds, met with restructuring experts in New York as the likelihood increases for[...]
The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) recently issued a Risk Alert on the due diligence processes that investment advisers[...]
Sonn Law Group represented Scott and Tanya Stephens in a FINRA arbitration proceeding against Morgan Keegan & Co., Inc., in which the Arbitration Panel ordered[...]
FINRA recently issued a Regulatory Notice soliciting comment regarding a proposal called Comprehensive Automated Risk Data System (CARDS). Under the CARDS program, Finra would compile[...]
FINRA recently issued an Investor Alert, “Closed-End Fund Distributions: Where is the Money Coming From?” A closed-end fund pools money from investors to buy securities,[...]
FINRA recently issued an Investor Alert, “Investing with Borrowed Funds: No ‘Margin’ for Error,” warning investors about risks of trading on margin. When an investor[...]
The Securities and Exchange Commission recently charged RBS Securities Inc., a subsidiary of the Royal Bank of Scotland plc, with misleading investors in connection with[...]
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