Principal Protected Notes February 9, 2024 We are currently accepting cases on behalf of institutional investors who entered into complex, “soft dollar,” fee arrangements with major Wall Street broker dealers. The Securities and Exchange Commission (SEC) recently charged Merrill Lynch and former Merrill Lynch advisers Michael Callaway and Jeffrey Swanson with securities laws violations. The misconduct stems from relationships between Merrill’s […] Read More
First Trust February 9, 2024 Levin Papantonio is currently accepting cases concerning the First Trust family of Strategic High Income mutual funds (“First Trust”). The First Trust mutual funds, the Strategic High Income Fund (FHI), the Strategic High Income Fund II (FHY), and the Strategic High Income Fund III (FHO), held some of the riskiest and most illiquid collateralized debt obligations […] Read More
FINRA Suspends Formerly Registered Broker and Investment Advisor Austin Dutton, Who Targeted Police, Firefighters November 6, 2023 BrokerCheck reports that the Financial Industry Regulatory Authority (FINRA) has indefinitely suspended previously registered broker and investment advisor Austin Richard Dutton Jr. (CRD# 2739167) “for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.” As reported in a 2017 Philly.com article, […] Read More
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