Articles Posted in Investor Education

On September 28, 2010, at the outset of the sex scandal that ripped through New Birth Missionary Baptist Church, we posted a blog post entitled, Atlanta Journal Constitution reports over the last couple days about Bishop Eddie Long going “viral” in an attempt to recover lost money on behalf of trusting church members, it is clear that…

The Doss Firm, LLC currently represents investors who lost money investing in reverse convertible notes. While our firm currently represents investors in individual cases against financial services firms like Ameriprise Financial for allegedly wrongly selling these products to senior citizens, we are also investigating class cases against the issuers of these products for failing to…

This month, FINRA announced that it fined Merrill Lynch $500,000 and ordered the firm to pay over $2 million in restitution to its customers for failing to provide them with sales charge discounts on eligible purchases of Unit Investment Trusts (UITs). A UIT is a type of investment company that offers redeemable units that terminate on a…

The Doss Firm is proud to announce that the Fort Worth Star Telegram listed The Retirement Challenge: Will You Sink Or Swim?, as a good book to help guide consumers through retirement planning. Jason R. Doss, an attorney with the firm, co-authored the book with Frank Armstrong, a best selling writer and well respected investment advisor. The book provides…

On Friday, October 15th, the Fulton County Daily Report published an article co-authored by Jason R. Doss entitled “Wall Street wants to keep consumers in the dark.” The article discusses the fact that the Dodd-Frank Act requires the Securities Exchange Commission (SEC) to complete a study by January 2011 to determine whether all individuals who…

Some experts are saying that gold will be the next bubble to burst. They may have a point. According to The Street, before the financial crisis, in January 2007, gold was priced at $650 per ounce. The average price of gold had fluctuated between $300 and $500 per ounce during the 10 years prior. Today, the…

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…

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 recovering investment…

Last month, the National Association Securities Administrators Association (NASAA), an organization comprised of current and former state securities regulators, released its annual list of investment pitfalls. Topping the list was Exchange Traded Funds (ETFs). ETFs are complex investments that resemble mutual funds. However, many ETFs include hidden traps that may make these investments unsuitable for many…

According to the Washington Post, one out of five Americans above 65 has been the victim of a financial scheme. Elder fraud is so rampant that each year money stolen from seniors adds up to more than $2.6 billion. Statistics also show that more than a third of elderly individuals over seventy have some sort of…