Suitability

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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Citigroup Documents Show Broker Manipulation

January 16, 2012

The NY Times had a great article this weekend about how Citi sold its ASTA/MAT municipal arbitrage securities.  The article explained how risky these securities were, and how Citi hid that risk from investors.  Specifically, the article quoted a Citi broker that said: I’m sure a great deal of time and energy went into the […]

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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
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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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Get MetLife, Lose Money?

December 27, 2011
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Salas Wang LLC is investigating MetLife’s practices in supervising its former registered broker, Robert Van Zandt.  Specifically, we believe that MetLife allowed Van Zandt to perpetrate a ponzi scheme on its watch.  If you’ve lost money investing with Metlife and/or Robert Van Zandt, please give us a call at 312.803.4963, or fill out the contact […]

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Desert Capital REIT Inc. Investigation

October 11, 2011

Salas Wang LLC currently represents several investors that have invested in Desert Capital REIT Inc. for claims against brokers, broker-dealers, and financial advisors.  If you have invested in Desert Capital, please read below: Background Desert Capital Inc. was a Henderson, Nevada based non-traded REIT.  A non-traded REIT acts as a private company owned by an […]

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