Investment Losses

Warren Resources Investigation

November 28, 2016

Salas Wang LLC is investigating claims for shareholders in Warren Resoources.  Warren filed for bankruptcy in May 2016.  If you purchased shares of Warren through a broker or financial advisor, please contact us at 312.803.4963 or via our the contact form below for a free portfolio review. According to Investopedia.com, oil and gas investments have unique […]

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Linn Energy Investigation

November 28, 2016

Salas Wang LLC is investigating claims for shareholders in Linn Energy.  Linn Energy filed for bankruptcy in May 2016.  If you purchased shares of Linn Energy through a broker or financial advisor, please contact us at 312.803.4963 or via our the contact form below for a free portfolio review. According to Investopedia.com, oil and gas […]

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Ronald Cleveland Investigation

April 1, 2013

Salas Wang LLC is currently investigating Ronald Cleveland (formerly of Edward Jones in Connecticut) for selling equity indexed annuities.  Specifically, FINRA fined Cleveland because he: sold equity-indexed annuities (EIAs), which were not  securities, totaling approximately $4,991,272 to individuals, some of whom had accounts at Cleveland’s member firm, and received commissions totaling approximately $403,737, without providing prior […]

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Investigation into Nobles & Richards Inc. for Selling Risky Oil & Gas Investments

January 21, 2013

Salas Wang LLC is currently investigating claims against Nobles & Richards Inc. for selling risky Oil & Gas investments.  The firm was recently sanctioned by the Financial Industry Regulatory Authority for failing to determine the reasonable viability of these investments.  If you lost money investing with Nobles & Richards, you may have recovery options. Please […]

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Grifphon Fund Investigation

January 21, 2013

Salas Wang LLC is launching its investigation into Grifphon Funds, an alleged ponzi scheme.  Grifphon was a Portland, Oregon based hedge fund sold by FINRA-registered broker-dealers.  Specifically, KMS Financial Services out of Seattle was sanctioned by FINRA for allowing its brokers to sell this fund without conducting proper due diligence.  Grifphon, as well as its […]

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Inland American – SEC Probe – Salas Wang Investigation

May 11, 2012

The Wall Street is reporting that the SEC is investigating Inland American Non-Traded REIT.  Our firm has been investigating shareholder claims against brokers who sold shares to investors for sometime.  This recent SEC action, we believe, is the culmination of years of abuse.  According to the WSJ: The SEC is looking at activity of Inland […]

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UBS Exchange Traded Funds Suitability

May 2, 2012

The Financial Industry Regulatory Authority recently fined UBS because: FINRA found that from January 2008 through June 2009, the firms did not have adequate supervisory systems in place to monitor the sale of leveraged and inverse ETFs, and failed to conduct adequate due diligence regarding the risks and features of the ETFs. As a result, […]

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Merrill Lynch ETF Losses?

May 2, 2012

The Financial Industry Regulatory Authority recently fined Merrill Lynch because: FINRA found that from January 2008 through June 2009, the firms did not have adequate supervisory systems in place to monitor the sale of leveraged and inverse ETFs, and failed to conduct adequate due diligence regarding the risks and features of the ETFs. As a […]

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Morgan Stanley Exchange Traded Fund Fraud?

May 2, 2012

The Financial Industry Regulatory Authority recently fined Morgan Stanley because: FINRA found that from January 2008 through June 2009, the firms did not have adequate supervisory systems in place to monitor the sale of leveraged and inverse ETFs, and failed to conduct adequate due diligence regarding the risks and features of the ETFs. As a […]

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Citigroup Global Markets – Exchange Traded Funds Misconduct

May 2, 2012

The Financial Industry Regulatory Authority recently fined Citigroup Global Markets because: FINRA found that from January 2008 through June 2009, the firms did not have adequate supervisory systems in place to monitor the sale of leveraged and inverse ETFs, and failed to conduct adequate due diligence regarding the risks and features of the ETFs. As […]

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