Tag Archives: Customers

When Will Wall Street Learn to Put the Customer’s Interests First?

Two recent examples of Wall Street’s abuse of its customers prove that Wall Street still doesn’t get it. The customer comes first, not the firm or the broker.   It’s no wonder that first up is Wells Fargo, which has been dogged … Continue reading

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Is a Georgia Store Owner Liable for Customers Injured in the Parking Lot?

It is well understood that in Georgia, a store owner is liable for injuries caused by hazardous conditions on store premises. But what exactly do we mean by “premises”? For instance, if you are walking down the aisle of a … Continue reading

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SEC News – Ponzi Scheme, Misleading Customers, Insider Trading

SEC Shuts Down $102 Million Ponzi SchemeThe SEC filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S.Merrill Lynch Admits to Misleading Customers about Trading VenuesMerrill … Continue reading

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“Where’s My Order?” Apparently, Merrill Lynch Customers Had No Idea: Merrill Lynch Agrees to Pay $42 Million Settlement For Allegedly Re-Rerouting Customer Orders To Electronic Platforms And Creating False Reports

The SEC settlement indicates that Merrill Lynch sent millions of dollars in customer orders to other broker-dealers for execution while purposely concealing their activity as part of their so-called “masking.” practice. For five years, Merrill Lynch had routed some orders … Continue reading

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Applying Lexmark, ED Pa. Holds 43(a)(1)(A) Claim May Be Brought Against Competitor But Not Competitor’s Customers

Plaintiff extracts spring water. One defendant allegedly extracts well water, which it misrepresents as spring water to other defendants, who are bottlers, and who also misrepresent the water as spring water. Applying Lexmark, court holds that bottler defendants’ alleged false … Continue reading

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