|
|
Margin Abuse Claims On The Rise At The NASD
Investors who borrowed money to purchase stocks and received margin calls are complaining, in record numbers, at the National Association of Securities Dealers (NASD).
This year, just through August, investors had filed 152 margin related arbitration claims. That number is well above the 44 total claims in 1998 and the 117 total claims in 1999.
While margin related claims still only account for 4% of total NASD arbitration claims (other categories include unsuitability, misrepresentation, excessive trading and unauthorized trading, for example), the increase in margin cases "is clearly a trend", according to NASD Dispute Resolution president, Linda Feinberg.
Source: Wall Street Journal, September 6, 2000
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Research
|
Calendar
|
Contact
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2005-2007 FinancialCounsel.com, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
