How to sue the MMs and their colluding cohorts.
Post# of 36728
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Law firm: Larson | Albert LLP are experienced in cases involving stock manipulation and other conflicts of Interest.
http://www.lalitigationlawyers.com/lawyer-att...76164.html
(Historical note: Nasdaq Market-Makers Antitrust Litigation was a class-action lawsuit initiated in 1996 alleging collusion amongst Wall Street traders . The class action alleged that NASDAQ market-makers set and maintained wide spreads pursuant to an industry-wide conspiracy. Litigation took 3.5 years and was eventually settled for $1 billion. )
Securities, Investment and Finance Litigation
The commercial litigation lawyers at Larson | Albert LLP are experienced in financial fraud litigation, representing both plaintiffs and defendants in high-stakes cases for over 25 years. They deliver winning results for clients in disputes involving the financial, credit, and securities markets. We handle and try cases involving:
Litigation for and against investment and commercial banks;
Litigation for and against hedge funds;
Litigation for and against mutual funds;
Litigation for and against insurance companies;
Litigation for and against credit unions;
Litigation for and against broker-dealers and investment advisors;
Litigation for and against officers and directors; and
Litigation for and against private companies.
The financial fraud litigators at Larson | Albert LLP have represented various types of entities in financial services litigation in federal and state courts and arbitration proceedings, for both plaintiffs and defendants.
Larson | Albert LLP’s attorneys have been involved in some of the most high-profile securities class action and shareholder derivative cases in the nation. We have litigated numerous types of securities actions and insider trading cases, including ’33 and ’34 Act claims, fraud and non-disclosure cases under the California Securities Act and sister-state Blue Sky laws seeking rescission, damages, and related relief, and corporate governance litigation, including business judgment rule cases, fiduciary breach cases, and related shareholder derivative actions.
These cases typically have involved complex insurance coverage issues under director’s and officer’s (D&O) liability insurance contracts, comprehensive general liability (CGL) insurance contracts, errors and omissions (E&O) insurance contracts, or professional negligence (malpractice) insurance contracts. Insurance-related issues often have implicated related indemnity and contribution claims, declaratory relief actions regarding coverage or non-coverage under applicable insurance policies, defense fees and costs arbitrations and mediations, and third-party plaintiff and interpleader actions.
Among the types of broker-dealer, investment advisor, and finance-related claims we handle are:
Breach of Fiduciary Duties;
Negligence;
Stock Manipulation and other Conflicts of Interest;
Sales Practice Disputes;
Churning And Unauthorized Trading;
Fraud and Deception;
Investment Unsuitability;
Failure to Supervise; and
Federal and State Statutory Violations.
Larson | Albert LLP’s investment fraud trial attorneys are well-versed in financial litigation and arbitrations. Whether your dispute requires litigation in state or federal court, or arbitration before the American Arbitration Association, the New York Stock Exchange, FINRA (formerly the National Association of Securities Dealers (NASD)), the National Futures Association, or other arbitration forums, or in litigation and trials in state and federal courts, you can count on us to vigorously and steadfastly protect, defend, and advance your interests with skill and determination.
The trial attorneys at Larson | Albert LLP are well-versed in all types of finance, securities, and investment-related claims and lawsuits. We are not only technically proficient in matters of substantive law and complex procedures in both state and federal court, and arbitrations, but have an established record of success at trial, achieving repeated victories in contested proceedings and favorable verdicts for our clients, in cases collectively involving hundreds of millions, even billions, of dollars. When you need attorneys with the intelligence, drive, experience, and track record to achieve winning results for you against the most determined adversaries, you can count on Larson | Albert LLP to represent you well.
Stock manipulation and other Conflicts of Interest
Stock manipulation attorneys at Larson, Albert LLP provide high level and experienced representation to individuals and entities in stock manipulation and conflict of interest cases.
A broker, broker/dealer, financial institution, or market maker may face serious liability charges if they attempt or act to artificially change the price of a stock or other security or a market movement with the intent to make an illicit profit. Examples include a so-called “wash selling,” in which an investor both sells then quickly re-buys the same security, hoping to create the impression of increased trading volume, and therefore raise the price. Another is churning, in which an investor makes both buy and sell orders through different brokers to create the impression of increased interest in the security and raise the price. Stock brokers also may be held liable for churning, when they buy and sells stocks or other securities or investment vehicles for a client, not primarily in order to further the client’s investment objectives, but rather for the primary purpose of securing sales and trading commissions.
A “bear raid” manipulation occurs when an investor, broker/dealer, or other market participant uses option contracts to short sell a stock in a coordinated fashion, often in collusion with other short sellers. Big trades often are executed through Wall Street market makers who, in many cases, buy and sell using their own inventories of stock for their own account. The market makers quote a price based on their assessment of the market conditions at the time of the offer and proposed sale. Market makers who receive a buy or sell order from a speculator may assume the speculator has some insight about the firm; otherwise the speculator would do nothing. Speculators who coordinate short sales in order to drive down the price of a company’s publicly-traded shares actually reduce the market’s efficiency, enhancing the prospects for share prices to fall and make the short sale profitable. Short selling can cross the line into prohibited conduct when it is done in a coordinated fashion in order to drive down a company’s stock by creating fear or panic in the market for such stock as a form of stock price manipulation.
Manipulation can be utilized to both decrease and increase prices, depending on the investor's perceived needs. It is illegal under the Securities Exchange Act of 1934.
Investment advisers are required by the SEC to provide their clients with written disclosure about material conflicts of interest. This is because investment advisers are fiduciaries regarding investment advisory services provided to their clients. Disclosure of conflicts of interest is implicitly required of fiduciaries.
Recently, the Financial Industry Regulatory Authority (FINRA) has indicated its proposal that broker-dealer member firms of FINRA, in addition to registered investment advisors, disclose in writing to their non-institutional customers conflicts of interest prior to providing broker-dealer services to their customers. Broker-dealers under this proposal would be required to disclose in writing to their retail customers various items of information, including the types of accounts and services available, the fees associated with such account and service, whether fees are fixed or negotiable, commissions and other incentives the broker-dealers or its representatives have for recommending certain products or services, any other conflicts the broker-dealer has with its customers, and how the broker-dealer intends to resolve those conflicts. In addition, the written disclosure would have to detail any limitations or restrictions on the duties the broker-dealer owes its customers. This new disclosure requirement, if adopted, my impose additional risks of liability on broker-dealers relating to conflicts of interest and non-disclosure of conflict risk factors material to a customer’s decision-making process.
Specializing in high-stakes, complex business, catastrophic personal injury, mass tort and class action litigation, Larson | Albert LLP provides a winning combination of large-firm sophistication and small-firm efficiency.
Larson | Albert LLP is a commercial and tort litigation and trial boutique dedicated to providing “big firm” talent, sophistication, and experience with “boutique firm” personalized attention and trial expertise. Messrs. Larson and Albert have over 50 combined years of specialized litigation and trial experience in state and federal courts, administrative proceedings, and arbitration proceedings. We prosecute and defend our cases aggressively, effectively, and diligently. We have been instrumental in achieving over $1.25 billion in recoveries for our clients, both by settlement and by trial. We also provide efficient, determined, and effective defense of clients accused of wrongdoing, achieving repeated victories against the most determined and well-funded adversaries. We have obtained repeated and consistent victories for our clients at the highest levels in the following areas:
Business Litigation
Catastrophic Personal Injury Litigation
Mass Tort, Class Action, and Multidistrict Litigation
Bankruptcy Litigation
Insurance Coverage and Insurance Bad Faith Litigation
Corporation, Limited Liability Company, and Partnership Disputes
Securities, Investment and Financial Services Litigation
Director’s and Officer’s Liability
Real Estate and Construction Litigation
Professional Negligence
Intellectual Property Disputes
Larson | Albert LLP’s ability and willingness to enter into creative and non-standard fee arrangements, including contingency-fee arrangements, hybrid fee structures, reverse contingency fees, and flat-rate fees, ensure its clients can mount the most effective litigation strategies in a business-like and cost effective manner.
Larson | Albert LLP to find out how to best protect and advance your interests—including your interest in achieving success efficiently and economically.
The information contained herein is not intended to constitute legal or professional advice. Legal and professional advice from Larson | Albert LLP requires a written engagement agreement. Please do not hesitate to contact us regarding your legal matters.
Stock manipulation and other Conflicts of Interest
Stock manipulation attorneys at Larson, Albert LLP provide high level and experienced representation to individuals and entities in stock manipulation and conflict of interest cases.
A broker, broker/dealer, financial institution, or market maker may face serious liability charges if they attempt or act to artificially change the price of a stock or other security or a market movement with the intent to make an illicit profit. Examples include a so-called “wash selling,” in which an investor both sells then quickly re-buys the same security, hoping to create the impression of increased trading volume, and therefore raise the price. Another is churning, in which an investor makes both buy and sell orders through different brokers to create the impression of increased interest in the security and raise the price. Stock brokers also may be held liable for churning, when they buy and sells stocks or other securities or investment vehicles for a client, not primarily in order to further the client’s investment objectives, but rather for the primary purpose of securing sales and trading commissions.
A “bear raid” manipulation occurs when an investor, broker/dealer, or other market participant uses option contracts to short sell a stock in a coordinated fashion, often in collusion with other short sellers. Big trades often are executed through Wall Street market makers who, in many cases, buy and sell using their own inventories of stock for their own account. The market makers quote a price based on their assessment of the market conditions at the time of the offer and proposed sale. Market makers who receive a buy or sell order from a speculator may assume the speculator has some insight about the firm; otherwise the speculator would do nothing. Speculators who coordinate short sales in order to drive down the price of a company’s publicly-traded shares actually reduce the market’s efficiency, enhancing the prospects for share prices to fall and make the short sale profitable. Short selling can cross the line into prohibited conduct when it is done in a coordinated fashion in order to drive down a company’s stock by creating fear or panic in the market for such stock as a form of stock price manipulation.
Manipulation can be utilized to both decrease and increase prices, depending on the investor's perceived needs. It is illegal under the Securities Exchange Act of 1934.
Investment advisers are required by the SEC to provide their clients with written disclosure about material conflicts of interest. This is because investment advisers are fiduciaries regarding investment advisory services provided to their clients. Disclosure of conflicts of interest is implicitly required of fiduciaries.
Recently, the Financial Industry Regulatory Authority (FINRA) has indicated its proposal that broker-dealer member firms of FINRA, in addition to registered investment advisors, disclose in writing to their non-institutional customers conflicts of interest prior to providing broker-dealer services to their customers. Broker-dealers under this proposal would be required to disclose in writing to their retail customers various items of information, including the types of accounts and services available, the fees associated with such account and service, whether fees are fixed or negotiable, commissions and other incentives the broker-dealers or its representatives have for recommending certain products or services, any other conflicts the broker-dealer has with its customers, and how the broker-dealer intends to resolve those conflicts. In addition, the written disclosure would have to detail any limitations or restrictions on the duties the broker-dealer owes its customers. This new disclosure requirement, if adopted, my impose additional risks of liability on broker-dealers relating to conflicts of interest and non-disclosure of conflict risk factors material to a customer’s decision-making process.
Specializing in high-stakes, complex business, catastrophic personal injury, mass tort and class action litigation, Larson | Albert LLP provides a winning combination of large-firm sophistication and small-firm efficiency.
Larson | Albert LLP is a commercial and tort litigation and trial boutique dedicated to providing “big firm” talent, sophistication, and experience with “boutique firm” personalized attention and trial expertise. Messrs. Larson and Albert have over 50 combined years of specialized litigation and trial experience in state and federal courts, administrative proceedings, and arbitration proceedings. We prosecute and defend our cases aggressively, effectively, and diligently. We have been instrumental in achieving over $1.25 billion in recoveries for our clients, both by settlement and by trial. We also provide efficient, determined, and effective defense of clients accused of wrongdoing, achieving repeated victories against the most determined and well-funded adversaries. We have obtained repeated and consistent victories for our clients at the highest levels in the following areas:
Business Litigation
Catastrophic Personal Injury Litigation
Mass Tort, Class Action, and Multidistrict Litigation
Bankruptcy Litigation
Insurance Coverage and Insurance Bad Faith Litigation
Corporation, Limited Liability Company, and Partnership Disputes
Securities, Investment and Financial Services Litigation
Director’s and Officer’s Liability
Real Estate and Construction Litigation
Professional Negligence
Intellectual Property Disputes
Larson | Albert LLP’s ability and willingness to enter into creative and non-standard fee arrangements, including contingency-fee arrangements, hybrid fee structures, reverse contingency fees, and flat-rate fees, ensure its clients can mount the most effective litigation strategies in a business-like and cost effective manner.
Larson | Albert LLP to find out how to best protect and advance your interests—including your interest in achieving success efficiently and economically.
The information contained herein is not intended to constitute legal or professional advice. Legal and professional advice from Larson | Albert LLP requires a written engagement agreement. Please do not hesitate to contact us regarding your legal matters.
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