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.

Study Reveals That Investors Trust Their Financial Advisors: Not Shocking? Wall Street Thinks So.

In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect. The federal legislation requires the Securities Exchange Commission to conduct a study by January 2011 to determine whether a fiduciary standard, which requires financial advisors to put their clients’ interests first, should be applied to all financial professionals giving personalized…

FINRA Orders Atlanta-based SunTrust Investment Services To Pay $1.44 Million For Recommending Unsuitable UIT, Closed-End Fund and Mutual Funds To Elderly Investors

Last month, FINRA, the organization that regulates the securities industry, ordered SunTrust Investment Services of Atlanta, Georgia to pay $1.44 million to resolve charges related to the unsuitable recommendations of unit investment trusts, closed-end funds and mutual fund investments sold to some of its elderly and disabled clients. Of that amount, $900,000 is a fine…

SEC Charges Former State Street Employees For Misleading Investors In Limited Duration Bond Fund

On September 30th, the SEC announced that it charged two former State Street Bank and Trust Company employees, John P. Flannery and James H. Hopkins, with misleading investors about their exposure to sub-prime investments. The SEC alleged that Flannery and Hopkins marketed State Street’s Limited Duration Bond Fund as an “enhanced cash” investment strategy that…

FINRA Takes Steps To Promote Investor Choice By Proposing To Eliminate the Industry Arbitrator

Perhaps in response to criticism by the public and regulators that investors do not get a fair shake in arbitration when they sue investment firms, FINRA took steps to level the playing field for investors by proposing to eliminate the much maligned industry arbitrator from arbitration panels. This proposal could significantly improve investors’ chances of…