Legal News

SNSFE Investigating Broker Miah And Square Mile Securities For High Pressure Sales Tactics
The Financial Services Authority of Britain has banned a stockbroker for life after he abused the trust of some of his clients. The stockbroker sold high-risk stocks to unwitting customers, including two retirees over the age of 80...

Stockbroker Found Liable For Peddling Unsuitable Mortgage Backed Investments To Unsophisticated Investors

Around the web, June 19
Yet another target in 9/11 litigants' and insurers' money quest: Bin Laden's wealthy Saudi family [WINS] One N.Y. stockbroker got $9 million in plaintiff finder's fees from Milberg Weiss over 24 years [WSJ editorial] Shut up, they explained: plaintiffs in...

Broker fined £250,000 for aggressive sales tactics
The Financial Services Authority (FSA) has fined a UK retail stockbroker £250,000 for persistently employing high-pressure sales tactics and misleading customers.

Two Legal Malpractice Cases
First, the Legal Times (via law.com) reports that a jury awarded $500,000 against DC-based plaintiffs' firm Cohen Millstein for malpractice in an underlying case against a stockbroker...

FSA insider dealing crackdown faces second challenge
The Financial Services Authority’s (FSA) long-awaited crackdown on insider dealing hit another procedural hiccup yesterday when the case against Malcolm Calvert, a former partner at Cazenove, the Queen’s stockbroker, was put on hold.