The Peiffer Rosca Wolf investment recovery lawyers are currently investigating several brokerage houses and financial firms

stockbroker fraud attorneyThe Peiffer Rosca Wolf investment recovery lawyers are currently investigating several brokerage houses and financial firms, including Schwab, J.P. Morgan Securities, Lebenthal, Oppenheimer, TD Ameritrade, UBS and Wedbush for allegedly selling Puerto Rican junk bonds beneath the minimum denomination of $100,000 per individual transaction.

This statute was designed to protect small fish investors who may not be able to survive large losses on risky offerings.

Earlier in 2014, SEC agents found 66 cases of such sales in a $3.5 billion Puerto Rican junk-bond offering, according to SEC documents currently being reviewed by attorneys Joe Peiffer and Alan Rosca.

Said SEC documents also reveal various penalties dished out by the SEC, varying from $54,000 to $130,000. A few of the big names include Charles Schwab & Co. ($61,800), J.P. Morgan Securities ($54,000), Lebenthal & Co. ($54,000), Oppenheimer & Co. ($61,200), TD Ameritrade ($100,800), UBS Financial Services ($56,400) and Wedbush Securities Inc. ($67,200).

The value of this Puerto Rican bond issue has nosedived since 2013.

Investment Fraud Attorneys Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment rights attorneys often represent investors who lose money as a result of investment misconduct. They are currently investigating the sale of these Puerto Rican bonds, and the possibility of assisting any investors with the recovery of any losses they may have suffered. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any Investors who believe they lost money as a result of alleged improper sales of these Puerto Rican bonds may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1169 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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