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 ...
