Risky

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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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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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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LPL Financial Smacked For Tenant-in-Common Investments

February 15, 2012

According to a recent article in The Investment News, LPL Financial was just hit with a$1.4 million award for selling Tenant-in-Common investments, commonly known as TICs, to an elderly couple.  According to the elderly couple’s attorney: There was a fraudulent picture painted of investors receiving monthly income checks from the properties . . . That […]

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Did You Lose Money Through Peregrine Financial Group?

February 15, 2012

Salas Wang LLC is investigating claims against Peregrine Financial and its introducing  brokers, Clash Financial LLC , Oxford Trading Group, California Capital Trading Group LLC, and Patriot Financial Markets LLC.  The National Futures Association fined Peregrine because, according to the NFA’s complaint, its introducing brokers: routinely recommended trades and trading strategies that maximized commissions without regard for the best interests […]

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Wells Fargo Broker Accused of Stealing From Elderly Client

January 24, 2012

Another sad story about a stockbroker taking advantage of an elderly client.  According to Forbes, Ralph Edward Thomas Jr. of Baltimore misused his elderly client’s funds in a number of ways, including: Between June 2006 and May 2009, without permission, and through forgery, Thomas initiated three mortgages in the name of KL on her personal […]

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Behringer Harvard REIT Investigation Ramps Up

January 13, 2012

Salas Wang LLC was already investigating and bringing cases for investments in Behringer Harvard.  But, as the Investment News points out, Behringer Harvard is actually starting to admit that its investors lost 60% of their original investment.  Our investigation has been focused on the details of the investment that brokers aren’t telling their clients.  Specifically, […]

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Wells REIT II Investor Recovery Options

December 27, 2011
Thumbnail image for Wells REIT II Investor Recovery Options

Wells REIT II real estate investment trust is an investment that is simply a fundraising entity for real estate mogul Leo F. Wells III.  Brokers sold this as a safe, guaranteed return investment, that ultimately may be just a bank account for the Wells family.  Conflicts of interest in this investment are rampant, and investors […]

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