Vernon Healy can assist professional athletes in financial fraud and negligence Professional althletes are especially vulnerable to investment fraud and scam artists. They often find themselves with new-found or increasing wealth. And there’s no shortage of people eager to tell them how to handle their finances. Even investment advisors who appear cloaked in legitimacy may take egregious advantage of athletes’ wealth and push investments that produce high fees and commissions for the wealth managers but little long-term value for the athlete.
Vernon Healy uses new rule to save clients time and money in litigation When the operator of a Sarasota Florida Jackson Hewitt franchise was arrested, his massive fraud came to light.Vernon Healy represented multiple investors who claim to have been defrauded and has filed lawsuits on behalf of the cheated investors. In all, hundreds of Jackson Hewitt customers filed similar claims. Vernon Healy, along with lawyers representing other Jackson Hewitt customers, proposed that the court manage the cases under Florida’s newly adopted Complex Litigation Rule and consolidate all the cases for a single trial on liability.
In court or arbitration, Vernon Healy analyzes how to best represent each investor’s claim against Wall Street Investors who have suffered losses at the hands of negligent and abusive brokerage firms and investment advisors need solid legal counsel and cost-benefit analysis on the best available forum to pursue their legal rights. Sweeping financial reforms enacted in 2010 could end or curtail mandatory arbitration clauses that have long been favored by Wall Street.
Financial Reforms being considered by Congress: The Duty of Investment firms to act in the best interests of their clients According to the Investment News, recent political wrangling over financial reform by Congress now includes a long discussed amendment being proposed that would require broker dealers to act in the best interests of their clients...
Investors around the globe still living a Lehman Brothers nightmare
Just over a year ago, investors first faced the waking nightmare of 150-year-old global finance giant Lehman Brothers making the largest bankruptcy filing in U.S. history. It was the first domino to fall in the chain of events that gave rise to a worldwide recession....
Vernon Healy Warns SEC: New Arbitration Rule is Unconstitutional UPDATE
In comments filed with the Securities and Exchange Commission ("SEC"), Vernon Healy opposed the adoption of proposed changes to FINRA's Arbitration Procedures, warning that they would violate the right of privacy guaranteed in Florida's ...
Private and unlisted REITs can place investors in a precarious financial position
As attorneys who regularly represent investors, we believe the unique problems and risks associated with unlisted REITs are now coming home to roost. Although unlisted REITs may tout the fact they have outperformed public REITs, we believe these products have added r...
Florida Protects Seniors from Unsuitable Annuities (RECENT UPDATE)
Although the Legislature failed to pass the Safeguard our Seniors Act, Florida has recently taken steps to protect seniors from unscrupulous annuities salesmen. The Florida Department of Financial Services is proposing new questionnair...
Mortgage Crisis - 60 Minutes Segment "World of Trouble"
If you missed the 60 Minutes segment on the events leading up to the mortgage crisis and housing market crash, you can view it online. Click here (originally aired on February 16, 2009). Vernon Healy represents individuals and couples who ...
The Financial Crisis - Frontline: Inside the Meltdown
Vernon Healy reports on the effects of the financial crisis in our blog http://www.protectinginvestors.com/, with articles on specific subjects such as Lehman Brothers, Fannie Mae, Arthur Madoff, Auction Rate Securities and the Schwab YieldPlus Fund....
Layoffs Provide Opportunity for Brokers, Potential Pitfalls for Investors Investment News, a newsletter for financial advisers, recently reported that employee layoffs can provide a bonanza for financial advisers. Every layoff or firing can mean an opportunity for an investment professional to earn fees by opening a new individu...
Lehman Lawsuits gather International Momentum International investors are contacting US lawyers for help on losses arising from Lehman Brothers-backed principal-protected notes, according to Florida-based law firm Vernon Healy. The firm has seen a sudden increase in complaints recently, one year after ...
Is Long Overdue EIA Regulation coming in 2011? - UPDATE
The Securities & Exchange Commission (“SEC”) had announced that starting in early 2011, many Equity Index Annuities (aka EIAs) will be treated as securities, subject to federal regulation. A July 21, 2009 ruling by the Court of Appeals for the District...
Vernon Healy Files $5 Million in Investor Claims in One Week In a single week, Vernon Healy filed multiple claims on behalf of individual investors totaling approximately $5 million in losses against various national financial firms. All the clients are from Florida. What is particularly signi...
Administration Unveils Investor Protection Act of 2009 The Investor Protection Act of 2009 is designed to strengthen the Securities and Exchange Commission's ("SEC") authority to protect investors from the types of abuses that Vernon Healy confronts every day in representing clients who have bee...
Vernon Healy to Florida Legislature: Safeguard our Seniors A bill titled "Safeguard our Seniors" (SB 1372/HB 981) would have provided much-needed protection for Florida's seniors by increasing the maximum penalty to five years in prison for some criminal annuities sales practices, including ...
