Jason Doss is the owner of The Doss Firm, LLC, an Atlanta-based law firm devoted to representing consumers across the country in a variety of areas including investment disputes and consumer class action litigation. Mr. Doss earned his J.D. from Florida State University in 2002 and his B.A. from the University of Florida in 1997.

FINRA’s Ruling in Charles Schwab Case “Kills” Customer Class Actions

On February 21, 2013, a FINRA hearing panel dismissed two of three causes in a February 2012 complaint against Charles Schwab & Company. The complaint focused on Charles Schwab’s amendment to its customer agreements to prohibit customers from bringing class actions in court. FINRA brought its disciplinary proceeding that alleged that the provision violated FINRA’s…

Lockheed Martin Settles Securities Fraud Class-Action

On February 19, 2013, Lockheed Martin Corp. agreed to pay $19.5 million to settle a securities fraud class-action lawsuit. In July 2011, the City of Pontiac General Employees’ Retirement System, the public employees’ pension fund for Pontiac, Michigan, accused Lockheed for misleading investors about its information technology division. Lockheed was blamed for misstatements that led…

FINRA Trying Again on Controversial Rules

On February 14, 2013, FINRA sent an email to member firms that detailed its plan to reissue a package of controversial membership rules. The email stated that FINRA board had approved issuing a revised rule proposal. The original proposal drew a harsh response from the industry because they believed the proposed rules were over-reaching. FINRA’s…

SEC Obtains Default Judgment Against a Nationally Known Psychic and his Corporate Entities

On February 15, 2013, the SEC obtained default judgments against Sean David Morton, a nationally-recognized psychic who billed himself as “America’s Prophet,” his wife, Melissa Morton, and corporate shell entities co-owned by the Mortons. The SEC charged Morton with engaging in a multi-million dollar fraudulent scheme. According to the complaint, Morton fraudulently raised more than…